Ministry of Investment

Morsy’s investment minister jailed for slapping child in 2013
Egypt

Morsy’s investment minister jailed for slapping child in 2013

The Azbakiya Misdemeanor Court on Wednesday sentenced a Mohamed Morsy-era minister to one year in jail for slapping a child…
Unified investment law draft stirs govt divisions
Business

Unified investment law draft stirs govt divisions

Some ministries are voicing reservations on a draft law that the government says will facilitate investment-related procedures, a government source…
Govt nears asset restructuring of 125 companies
Business

Govt nears asset restructuring of 125 companies

The government is about to set on a massive restructuring bid targeting the assets of 125 of its companies, which…
IDA opposes investment law in the works
Business

IDA opposes investment law in the works

The government’s Industrial Development Authority has submitted a memo to the Ministry of Trade and Industry including its objections to…
Cabinet to approve land for new residential city at US$2 bn cost
Egypt

Cabinet to approve land for new residential city at US$2 bn cost

A residential city will be established 46 km west of the Cairo-Alexandria Desert Road after the Cabinet approves the use…
New investment projects to create jobs, reduce unemployment, says minister
Business

New investment projects to create jobs, reduce unemployment, says minister

The government has devised a strategic plan aimed at creating new jobs and reducing the unemployment rate, which Minister of…
Govt abolishes Ministry of Investment and privatization program
Business

Govt abolishes Ministry of Investment and privatization program

The government has cancelled its controversial privatization program, ordering the formation of a committee which will be charged with reviewing…
Egyptian investment minister nominated for World Bank position
Egypt

Egyptian investment minister nominated for World Bank position

Mahmoud Mohieldin, Egypt's first-ever minister of investment, has been nominated for a prominent position at the World Bank (WB), according…
NIB owed LE8 billion by public firms, bank says
Business

NIB owed LE8 billion by public firms, bank says

Public-sector companies owe Egypt's National Investment Bank (NIB) approximately LE8 billion, according to a bank estimate. Meanwhile, a prominent government…
Investment minister objects to energy subsidies
Business

Investment minister objects to energy subsidies

Investment Minister Mahmoud Mohieddin said on Thursday that he is against subsidizing energy."The rich consume more energy, and they should…
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