Nokia, Etisal sign agreement to manufacture Nokia phones in Egypt
Nokia mobile has signed a cooperation agreement with Egypt-based Etisal for Advanced Industries (EAI) to increase…
Author
Egypt’s SAIB bank records net profit $16 million
Egypt’s Societe Arab Internationale de Banque (Saib) reported on Thursday that its net profit recorded about 306…
Egypt contracts with US McCann agency for new tourism promotion campaign
Egyptian Ministry of Tourism and Antiquities has contracted with the American McCann Company to implement a…
Saudi Electricity gets $567.5 million to finance power interconnection project with Egypt
Saudi Electricity Company (SEC) has secured a $567.5 million export credit agency (ECA) facility from Standard…
Egypt’s SCA, Maersk International sign a $500 million deal to develop SCCT
Egypt’s Suez Canal Authority (SCA) and Maersk International Group sign a $500 million deal to develop the Suez…
Abu Dhabi’s IHC acquires 50% of Turkish renewable energy firm
UAE's sovereign wealth funds has acquired 50 percent of a Turkish renewable energy company for Dh1.8 billion ($490…
Egypt’s Mersal Foundation secures UN Women loan
Egypt’s Mersal Foundation has received funding from UN Women to provide speech therapy sessions, its founder Heba…
Egypt’s Suez Canal records highest daily traffic rate of 89 ships
Egypt’s Suez Canal recorded on Saturday the highest daily transit rate of transiting ships from both sides with 89…
U.S. inflation slows down to 8.5% in July
The U.S. Consumer Price Index (CPI) increased 8.5 percent year-on-year in July, a slower annual increase compared…
ENR, Talgo, NERIC sign protocol to localise railway industry in Egypt
Egyptian National Railways (ENR), Spanish company Talgo, and National Egyptian Railway Industries Company (NERIC)…
AfDB 2023