ARN News Centre

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

Saudi Aramco resumes oil loading at Ras Tanura after 4-month halt

Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data from LSEG showed.
Summer Davos ends with call to boost innovation and growth

Global leaders have called for greater investment in innovation, skills and technology to drive economic growth as the World Economic Forum's Annual Meeting of the New Champions concluded in Dalian, China.
ADNOC and partners to develop mega gas project

Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has awarded the concession for the development and production of the Bab Gas Cap project to ADNOC and a group of international energy partners.
Bank fined AED 20 million for repeated regulatory failures

The UAE Central Bank (CBUAE) has fined a branch of a foreign bank AED 20 million for repeated failures in its anti-money laundering and counter-terrorism financing controls.
UAE announces Retail T-Sukuk subscription details

The Ministry of Finance has announced the subscription period for the UAE’s first-ever Sovereign Retail T-Sukuk Programme, offering individual investors a new government-backed investment opportunity that complies with Islamic Shariah principles.