Tag: Egypt
Oman inks MoUs in various fields with Egypt to boost bilateral...
Oman’s Minister of Foreign Affairs Mr. Sayyid Badr Albusaidi and his Egyptian counterpart Mr. Sameh Shoukry have signed six memoranda of understanding (MoUs) to...
Saudi’s SFD inks $19mn deal to finance enterprises in Egypt
The Saudi Grant Management Committee of the Saudi Fund for Development (SFD) has signed three agreements worth $19 million (300 million Egyptian pounds) to...
Aldar-ADQ consortium acquires 85% stake in Egypt’s SODIC
A consortium of Aldar Properties, one of the UAE’s largest real estate groups, and ADQ, Abu Dhabi's largest holding company, has reached an agreement...
Saudi Arabia, Egypt ink $1.8bn deal for electricity interconnection project
Saudi Arabia and Egypt have signed agreements for the Saudi-Egyptian electricity interconnection project worth $1.8 billion.
The project, which is set to begin in 2022,...
Egypt receives $282mn loan from Arab Monetary Fund to support economy
Arab Monetary Fund (AMF) has provided the second tranche of the loan of $282 million to Egypt within the framework of the Structural Adjustment...
Sharjah’s Dana Gas wins arbitration on the sale of Egypt assets
Dana Gas, the Middle East's largest regional private sector natural gas company has received an award in its favor, validating the termination of its...
Egyptian eCommerce startup Taager raises $6.4mn for Middle East expansion
Egypt-based social eCommerce startup Taager has raised a $6.4 million seed funding round in order to expand its platform across the Middle East region.
The...
Egypt’s Sovereign Fund & EFG Hermes ink deal to acquire 76%...
The Sovereign Fund of Egypt (TSFE) and EFG Hermes Holding have signed agreements to acquire 76 percent of the Arab Investment Bank (AIB).
According to...
