Latest news with #foreign investors
Zawya
a day ago
- Business
- Zawya
Madbouly, key ministers discuss boosting Egyptian-American economic cooperation
Arab Finance: Prime Minister Mostafa Madbouly held a ministerial meeting to follow up on efforts to enhance Egyptian-American economic cooperation, according to a statement. Madbouly emphasized the government's keenness to propose specific projects for discussion during the coming period, highlighting several promising opportunities available to American companies, especially in light of the Egyptian incentives offered to foreign investors. On his part, Minister of Foreign Affairs Badr Abdel Aty reviewed the communications and exerted efforts to support Egyptian-American relations, both bilaterally and regarding issues in the Middle East. Meanwhile, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir highlighted the investment opportunities presented to US-based companies under consultation, whether in the ports and maritime transport sectors or industrial zones. During the meeting, Minister of Planning and Economic Development, and International Cooperation Rania Al-Mashat highlighted development cooperation efforts with the US through a number of successful cooperation programs that serve development efforts in Egypt and support relations between the two sides. Al-Mashat reviewed the features of the Egypt-US economic cooperation program, as well as the latest developments of projects funded by the United States Agency for International Development (USAID) in Egypt. Finally, Minister of Investment and Foreign Trade Hassan El-Khatib explained the ministry's efforts to support trade exchange between the two sides and support American investments in Egypt. At the conclusion of the meeting, the Prime Minister directed coordination between all relevant authorities to prepare a set of promising investment opportunities and follow up on their presentation to American companies within the framework of promoting foreign investments in Egypt. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Business
- Zawya
Egypt to prepare investment package for U.S. companies, says PM
Egyptian Prime Minister Mostafa Madbouly has directed his government to prepare a package of investment opportunities to be presented to U.S. companies, as part of efforts to strengthen economic cooperation between the two countries. The directive came during a meeting on Sunday to follow up on efforts to enhance Egypt-U.S. economic ties, according to a cabinet statement. Madbouly stressed the government's interest in bolstering the strategic and historical ties between the two nations and its keenness to overcome any obstacles to joint cooperation. He noted that there are many promising opportunities available for American companies, given the significant incentives the Egyptian government offers to foreign investors. The meeting was attended by the ministers of planning, foreign affairs, and investment, while the minister of industry and transport participated via video conference. Minister of Industry and Transport, Kamel al-Wazir, reviewed investment opportunities that have been presented to U.S. companies in sectors including ports, maritime transport, and industrial zones. Minister of Planning and Economic Cooperation, Rania Al-Mashat, discussed development cooperation with the United States, including projects funded through the U.S. Agency for International Development (USAID). Foreign Minister Badr Abdel-Aty and Minister of Investment and Foreign Trade Hassan El-Khatib also reviewed their respective ministries' efforts to support bilateral ties, trade, and U.S. investment in Egypt. At the conclusion of the meeting, Madbouly instructed all relevant authorities to coordinate on preparing the set of promising investment opportunities and to follow up on presenting them to American companies to enhance U.S. investments in Egypt.
Bloomberg
15-07-2025
- Business
- Bloomberg
South Korea to Set Up FX Reform Panel With Offshore Banks
South Korea will form a panel for regular discussions with offshore banks to improve its foreign exchange market, another step to address key hurdles in its bid to join a major developed-market stock index. 'We had a call this afternoon with the five leading registered offshore foreign institutions,' said Jung Yeu Jin, director of the foreign exchange market division at the finance ministry on Tuesday. 'The channel will be used to gather opinions from foreign investors, and in particular, we plan to actively listen to voices related to the MSCI index inclusion issue.'
