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Egypt and Qatar are holding talks to expand investments in new areas and increase their volume, especially in the energy sector, Egypt’s Minister of Trade and Industry Nevin Gamea said, Arab News reports. The Egyptian official took part in the Read more
Lebanon and Egypt inked, on Tuesday, a deal to import Egyptian gas to a power plant in northern Lebanon through Syria, reports say. Per deal, Egypt will send 650 million cubic meters of gas through Syria to Lebanon annually. The Read more
Saudi Crown Prince Mohamed bin Salman arrived Monday in Egypt as part of a regional tour that will take him to Jordan and Turkey. President Fattah al-Sisi welcomed the de facto leader of the Gulf country at the airport. The Read more
Egyptian President Abdelfattah al-Sisi Monday praised Saudi Arabia and the UAE for supporting the Arab African country economically as it faces an acute economic hardship compounded by the Russia-Ukraine crisis, Middle East Monitor (MEMO) reports. “Saudi Arabia and the UAE Read more
Egypt’s President Abdelfattah al-Sisi Monday revealed that the North Arab republic has postponed a third rise in electricity prices to mitigate burdens on citizens caused by the global economic crisis, reports say. The Egyptian leader who spoke during the inauguration Read more
Abu Dhabi’s ADQ has entered into a definitive agreement to acquire Turkish pharmaceutical company Birgi Mefar Group (BMG), Zawya reports. The Abu Dhabi Media Office broke the news on Monday but did not disclose details on the potential acquisition. The Read more
Jeddah-based Islamic Development Bank (IsDB) has opened its first regional headquarter in Cairo, Egypt, Arab Finance reports. The bank made the announcement in an email press release seen by the media, following the 2022 Annual Meetings, which was held in Read more
Dubai-quartered Al Futtaim Group plans to invest up to $1 billion in the most populated Arab country, Egypt, over next three years. Dubai-based Al-Futtaim Group said it is eyeing investments in Egypt worth $700 million to $1 billion over the Read more
Abu Dhabi state holding firm ADQ will invest $10 billion in projects with Egypt and Jordan, the UAE’s state-run news agency WAM reported Sunday. The agency did not say sectors where the investments will go in but Egypt’s public news Read more
The Egyptian private sector is set to issue green bonds worth between $120 and $200 million, under the green transformation program, the country’s Minister of Planning Hala El-Said has revealed according to Arab Finance. The Arab country, El Said also Read more