Egyptian-Kuwaiti Holding seals agreement with Germany’s HOMANN for manufacture of compressed wood

The Egyptian-Kuwaiti Holding Company signed a partnership agreement with the German HOMANN HOLZWERKSTOFFE, which works in the field of manufacturing compressed wood, reports say. Per the deal, HOMANN HOLZWERKSTOFFE will acquire 27% of the Egyptian-Kuwaiti Holding’s stake in its subsidiary 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

EBRD to lend Egypt’s largest private bank $20m to back female-led companies

The European Bank for Reconstruction and Development (EBRD) is expected to provide a senior unsecured debt facility of $20 million to the Commercial International Bank Egypt (CIB) (COMI) to support private small- and medium-sized enterprises (SMEs) led by women, Arab Read more

Qatar among top 10 countries for entrepreneurs

Qatar has made its entry among the world’s leading countries for entrepreneurs per the 2020 assessment index for 50 countries around the world by Global Entrepreneurship Monitor (GEM). GEM’s National Entrepreneurship Context Index (GEM NECI) ranks the Gulf country 9th Read more