Back to the complete issue
Sunday, 7 November 2021

Maait and UK chancellor talk investment

The UK will try to encourage international financial institutions and investment funds to invest in Egypt, UK Chancellor of the Exchequer Rishi Sunak told Finance Minister Mohamed Maait on the sidelines of COP26 on Friday, the Finance Ministry said in a statement. Sunak said that Egypt has become more attractive to foreign investors thanks to its resilience through the covid pandemic and other external shocks.

The Foreign Ministry and the UN have launched a joint initiative to support migrants and refugees. The Joint Platform for Migrants and Refugees, led by the UN’s office in Egypt and the Egyptian government will bring together authorities, the UN, development institutions, donors and others in a bid to “to enhance coordination, ensure better delivery and mobilize resources to realize long term, sustainable development gains for migrants, refugees, asylum seekers and their host communities,” the UN Refugee Authority said in a statement.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.