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ACWA Power, a Saudi company, is set to secure $1.5 billion for a wind energy initiative in Egypt’s Suez by November 2024. The project, boasting a total capacity of around 1,100 megawatts, will be situated in the Gulf of Suez Read more
Saudi Crown Prince and Prime Minister Mohammed bin Salman expressed his intent to visit Egypt soon and meet with President El-Sisi, while announcing a $5 billion investment by the Saudi Public Investment Fund in Egypt. This marks the first phase Read more
Egypt and UAE have signed an agreemen in the field of building Data centers, the office of Egyptian Prime Minister Mustafa Madbouli has announced. The Memorandum of Understanding (MoU) was signed Monday December 18 by Amr Talaat, Egypt’s Minister of Read more
The Industrial Engineering Company for Construction and Development (ICON), a public company based in the Egyptian capital of Cairo has announced establishing a new subsidiary in Saudi Arabia with $1.5 million issued capital. The new company will manufacture, deliver, and Read more
King Mohammed VI on Saturday delivered a speech to the Nation on the occasion of the 69th anniversary of the Revolution of the King and the People. Here follows the full text of the royal speech: “Praise be to God, Read more
Mastercard names Adam Jones for the role of Country Manager for Saudi Arabia, Egypt, Jordan, Lebanon, Bahrain, and Iraq. Jones, the company said in a press release, will handle the digital payments firm’s operation. Jones will equally team up with Read more
The air forces of the US and Egypt have carried out a joint training exercise at a base in the North African country, strengthening military cooperation between the two countries, Arab News reports. The exercise involved a series of lectures Read more
State-run El Nasr for Export and Import (Gosoor) opened Monday six oversea branches in Ghana, Cameroon, Sudan, Emirates, France and China as part of the North African country’s efforts to boost its exports. The branches are part of 16 total Read more
Dubai-based start-up YAP, which operates a digital banking app, has raised $41 million to fund its expansion in the Middle East, Africa and Pakistan, Zawya reports. The investors include Saudi Arabia’s Aljazira Capital alongside Abu Dawood Group, Astra Group and Read more
Egypt has suspended activities at several Red Sea beaches after two women tourists were killed in two separate shark attacks last Friday. The first victim was a 68-year-old Austrian woman. She lost an arm and a leg due to a Read more