UAE is largest investor in Egypt

Thursday, 23 January 2020 16:45

The UAE has invested more than AED26.5 billion in Egypt.

That's according to the Secretary-General of the UAE International Investors Council, who also revealed that the Emirates is currently the largest investor in the North African country.

The council places Egypt at the top of Arab countries that attract Emirati investments, followed by Morocco and the Kingdom of Saudi Arabia.

The Emirati companies that have achieved success by investing in the Arab Republic of Egypt include Emaar, Etisalat, Majid Al Futtaim and DP World.

More from Business

Disney settles suit over women's pay for $43 million

Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.
Etihad Airways adds ten new destinations for 2025

UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.
Trump pledges new tariffs on Canada, Mexico, China

US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.
UAE and Bahrain finalise ICV programmes procedures

The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.