Investment | - Part 47

Egypt’s Qalaa sees opportunities in energy sector reform

SHARM EL-SHEIKH, Egypt, March 13 (Reuters) – Qalaa Holdings, one of Egypt’s largest investment companies, said on Friday its investment strategy would focus on opportunities presented by reforms in the energy sector.Speaking at an investment conference in the Red Sea resort of Sharm El-Sheikh, Qalaa chairman Ahmed Heikal said he was highly encouraged by the government’s decision last year to cut fuel subsidies that had drained state coffers.”If you remove the source of the original…

Kerry urges firms to invest in Egypt, praises economic reforms

Posted on by The Editorial Team

SHARM EL-SHEIKH, Egypt (Reuters) – U.S. Secretary of State John Kerry on Friday urged business executives to invest in Egypt, praising the government of President Abdel Fattah el-Sisi for “bold” economic reforms aimed at restoring investor confidence.Addressing the U.S. Chamber of Commerce in Egypt on the sidelines of an investment conference in the Red Sea resort of Sharm El-Sheikh, Kerry said more private investment could help Egypt’s economy achieve annual growth rates in double digits.He…

Chile’s ENAP to build $30 mln oil pipeline in Egypt

Posted on by The Editorial Team

SHARM EL SHEIKH, Egypt (Reuters) – A subsidiary of Chile’s state oil company ENAP will invest $30 million to build a 90 km oil pipeline in Egypt’s Western Desert, the country’s ambassador told Reuters at an international conference on Friday in the Red Sea resort of Sharm El Sheikh.Jose M. De la Cruz said the pipeline would allow the company to extract oil from a new discovery west of Cairo and sell it to the…

GE delivers turbines to Egypt as part of $1.9 bln dea

Posted on by The Editorial Team

SHARM EL-SHEIKH, Egypt (Reuters) – General Electric Co has delivered a shipment of gas turbines to Egypt as part of a $1.9 billion deal to boost power capacity, and will invest $200 million in a planned economic zone near the Suez Canal, the firm said on Friday.The announcements were made at a conference where Egypt hopes to secure billions of dollars in investment after years of political turmoil, focusing on energy and the Suez Canal…

Egypt eyes deals worth $15-$20 billion at investment summit

Posted on by The Editorial Team

SHARM EL-SHEIKH (Reuters) – Egypt expects to sign agreements worth up to $20 billion at a weekend investment summit in the Red Sea resort of Sharm el-Sheikh, its investment minister said on Friday.Egypt wants the conference to project an image of stability and deepen investor confidence after four years of political and economic turmoil triggered by a 2011 uprising that toppled veteran ruler Hosni Mubarak.Cairo hopes the summit will allow it to double foreign investment…

Nigeria: claiming the African M&A crown

Posted on by The Editorial Team

Nigeria is home to the world’s seventh-largest population (with 173 million inhabitants), which is expected to surpass Brazil’s by 2030. And with increasing disposable incomes and a GDP growth rate around the 6% mark for the last 10 years, it isn’t hard to understand why Jim O’Neill, former Chairman of Goldman Sachs Asset Management International, included Nigeria as one of the new wave of emerging economies, alongside Mexico, Indonesia and Turkey — the MINTs —…

Africa’s Oil & Gas Explorers Must Rethink Capex on Exploration

Posted on by The Editorial Team

JOHANNESBURG, South-Africa, February 17, 2015/ — Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil & gas industry in Africa released by PwC . “Oil & gas explorers will be relooking at their budgets and deciding where to allocate their limited capital spend given the substantial decline in the…

« 1 … 45 46 47 48 »