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30 South Korean officials, businessmen to attend Economic Summit

By Rana Yehia A delegation of 30 South Korean officials and businessmen will attend the Economic Summit in Sharm El-Sheikh, said Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour. The South Korean delegation will be headed by the Korean deputy Minister of Trade and Industry. Abdel Nour said the delegation’s participation confirms South …

Daily News Egypt

Italcementi to convert 2 facilities in 2015, to bring latest products to Egypt

Italcementi, the Suez Cement company’s Italian owner, will convert two new facilities in 2015, adding to two facilities converted in 2014, Italcementi Managing Director Bruno Carrè told Daily News Egypt. “We are investing some EGP 400m per year for four years,” Carrè said. “We have done one and we converted two plants and we have …

Sara Aggour

Piraeus Bank Egypt to focus on energy projects financing

Piraeus Bank in Egypt is targeting the financing of major projects during the Economic Summit this month. Naira Amin, Chief Executive and Managing Director of Piraeus Bank Egypt, said the bank is giving special attention to joint finance projects proposed by the Egyptian government in the summit. Amin added that financing will be led by …

Daily News Egypt

Government approves draft investment law improving business environment: Cabinet

The Cabinet agreed during its weekly meeting Wednesday, on the draft presidential decree regarding the draft investment law, according to a Cabinet statement. The statement added that the draft law includes a bundle of legislative amendments to stimulate investment in Egypt. “During the preparation of the law, there were communications with the civil society, the …

Mohamed Ayyad

Arab Investment Bank plans Economic Summit participation

The Arab Investment Bank (AIB) is planning to participate in funding the proposed projects presented at March’s Economic Summit, board director Hany Seif El-Nasr announced on Thursday. Seif El-Nasr expects huge investor participation in the summit, adding that investors are waiting for the event to study projects, including the Suez Canal Axis Development. In the …

Daily News Egypt

Banque du Caire eyeing Economic Summit projects

State-owned Banque du Caire aims to finance several projects the government will present in the March Economic Summit, said the bank’s Vice-Chairman Mohamed Taha. Taha said his bank has a large liquidity enabling it to expand in funding national projects, noting the bank will attend the Summit, and will study all proposed projects. In late …

Daily News Egypt