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Baladna QPSC, Qatar’s largest locally-owned food and dairy producer, has acquired 5 per cent in Egypt’s Juhayna Food Industries in return for a total investment of $18.4 million. The company in a statement to the Qatar Stock Exchange (QSE), Zawya Read more
Morocco’s Parliament Upper House and Egypt’s Senate have agreed to enhance further cooperation between the two legislative institutions on issues common concern. An agreement to this end was inked Tuesday in Rabat by Speaker of the House of Advisors, Naama Read more
British-Swedish multinational pharmaceutical and biotechnology company AstraZeneca has unveiled plans to double its investment in Egypt in the next three year, reports say. Hatem Werdany, Director of the company in the Arab Republic, has indicated that the multinational has invested Read more
Cairo-based investment bank EFG Hermes has appointed Goldman Sachs to advise on First Abu Dhabi Bank’s (FAB) offer to acquire a majority stake, the bank has said in a statement. The board of Egypt’s largest investment bank also said it Read more
Egypt is planning to install 5,000 communication towers with $318 million in investments, Communication minister Amr Talaat has told Al Arabiya.net in an interview, Arab Finance reports. The project will take five years for completion and will be implemented in Read more
Egypt and Yemen have signed a Memorandum of Understanding (MoU) for cooperation in several fields including oil, natural gas, and mining, Arab Finance reports. Egyptian Minister of Petroleum Tarek El Molla signed the agreement with his Yemeni Abdul Salam Baaboud Read more
Alexandria-based petrochemical giant Sidi Kerir Petrochemicals Company (Sidpec) has signed a Memorandum of Understanding (MoU) with Nigeria’s Rungas Group to assist in building a petrochemical complex in Africa’s most populated nation. Per the deal, reports say, Sidpec will provide its Read more
Egypt and South Korea have inked two Memorandums of Understanding (MoU) in military cooperation covering defense industries and logical support, Arab News reports. The first memorandum, the Saudi media notes, covers defense industries and logistical support, and the second covers Read more
Egypt and France launched Sunday for several days Amun-22, an air training program at a number of Egyptian air bases, Arab News reports. The training, according to Egyptian Military Spokesman Ghareeb Abdel Hafez Gharib, includes the implementation of theoretical and Read more
Egypt is set to resume the privatization program of state-owned companies in March, Finance Minister Mohamed Maait told Bloomberg Asharq, Arab Finance reports. “We can expect more state-owned companies to offer shares on the EGX in the coming weeks,” Maait Read more