India keeps Egypt on shortlist of countries for wheat export after heat wave impact

India has exempted Egypt from its ban on wheat exports after heat waves dealt a blow to the crop’s production, reports say. Egyptian Minister of Agriculture Al-Sayed El-Quseir reportedly Sunday told Bloomberg Agency that India’s decision of last week will Read more

EU unveils €60bn economic development plan for Gaza

The European Investment Bank (EIB), a financial arm of the European Union (EU), announced Thursday the provision of €60 billion ($62.58 billion) for economic development in Gaza, Arab News reports. EIB Vice President Gelsomina Vigliotti and EU representative Sven Kuhn Read more

European consortium pledges to invest $500m in development of second terminal at Egypt’s Damietta Port

A European consortium which includes the alliance of Eurojet Germany, Conchepe Italy and Habag Lloyd for International Shipping Lines agreed with Egyptian authorities to inject $500 million in the development of “Tahya Misr 1”; the second terminal at Damietta Port. Read more

UAE pledges to invest $4.2 bn in Greece

The UAE Monday announced a $4.2 billion Investment Initiative to facilitate investments in the Greek economy across a wide range of sectors, reports say. This came as part of several other agreements signed between the two countries as Prime Minister Read more

Abu Dhabi Ports Group inks deals with Red Sea Ports Authority on project in Egypt

Abu Dhabi Ports Group and Egypt’s Red Sea Ports Authority have signed a term sheet and a head of terms agreement for the development of major port projects along Egypt’s coast, Zawya reports. Per the first deal, AD Ports Group Read more