Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Egyptian Investment Minister says UAE is one of the major Arab investors in Egypt  Join our daily free Newsletter

MENAFN - Emirates News Agency (WAM) - 09/10/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Emirates News Agency (WAM)) Egyptian Investment Minister Usama Saleh, today refuted the claims that the UAE has withdrawn its investments from Egypt in the wake of Jan. 25, Revolution.

"The UAE has not withdrawn its investments from Egypt, but instead many UAE Companies have announced the increment of their investments in Egypt," the Egyptian minister said in a statement on Monday.

He reiterated that the UAE is one of the major Arab investors in Egypt, which is seeking to pump more investments into Egypt, citing that Emaar Properties PJSC, has recently announced to shed new investments of up to 12. 8 billion Egyptian pounds.

Answering a question on the reports that Saudi Arabia and the UAE have withdrawn their investments from Egypt, following the Jan. 25 Revolution, the Egyptian minister said, " These are allegations because the UAE and Saudi Arabia are currently seeking to pump more investments into Egypt. Emirati and Saudi investors are interested to invest in the Egyptian market, and are at the top of the list of Arab investors. Some of them have already expanded their projects".

He added, "We will soon start the Arab region tour to work out plans to increase the investments, and attract more capitals."

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help