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Egypt has delivered to six companies nine permits to search oil and natural gas in the Mediterranean and the Red Sea concession areas, Arab Finance reports. The agreements will bring a minimum investment of over $1 billion targeting 17 new Read more
The European Investment Bank, EIB, will finance up to €1.1 billion three metro projects in Egypt following an agreement with the North African country, Arab Finance reports citing a statement from the Egyptian government. The financing includes €138 million for Read more
Egypt is sending a key delegation to Tripoli to meet with the UN-backed Government of National Accord (GNA) led by Faiez Serraj, seeking to counter Turkey which has been present in the oil-rich country since last year. The delegation headed Read more
India-based chemical producer, TCI Sanmar Chemicals, is planning to inject $200 million into the Egyptian market in a move that will bring the company’s total investment in the Arab country to $1.7 billion. CEO, Sherif Al-Menoufi, Al Mal News reported, Read more
Egypt is in talks with the World Bank for two combined loans valued $400 million earmarked for the financing of transport projects, reports say. The two credit facilities, $200 million each, reports say, are directed for the development of the Read more
Tunisia Thursday detained 28 Egyptian fishermen for illegal fishing activities, the second such an operation in less than one week. The defense ministry of the North African country in a statement, Anadolu news agency reports, said the fishermen were arrested Read more
Egypt is on the verge of becoming the fourth country of the Arab League to open a diplomatic mission in Laayoune, capital of Morocco’s southern province recently recognized by the United States. President Abdelfattah al-Sisi, Egyptian media reports notes, is Read more
The Egyptian government has approved Italy’s $7.6 million financial support for the Robbiki Leather City project in the African country’s industrial city of Badr. The European country pledged the investment early last month in an agreement with the Egyptian Ministry Read more
Kuwait and Saudi Arabia have submitted investment offers for two projects at Cairo and Sphinx international airports. The offers have been proposed for cargo villages and logistics areas at both airports. The Egyptian ministry of Civil aviation is expanding Sphinx Read more
The joint Saudi Arabia-Egypt investment fund agreed in 2016 will soon be operational, Zawya reports citing Egyptian Prime Minister Mostafa Madbouly. Madbouly, UAE-based notes, said “executive agents” will soon be getting to work on making Egyptian-Saudi Investment Fund a success. Read more