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Industry & Trade
Egypt, ITFC clinch deal to support logistic, petroleum commodities
Egypt signed on Wednesday an agreement with the International Islamic Trade Finance Corporation (ITFC), a member of…
Egypt approves new initiative for industrial sector
The Egyptian Cabinet has approved initiative to support the industry sector that includes providing loans with…
Egypt allocates EGP1bln to building materials among support programme
Chairman of the Export Council for Building Materials (ECBM) Waleed Gamal El-Din said that one billion Egyptian…
Elsewedy Electric signs $45mln PV plant with S.Sudan
Elsewedy Electric Co, South Sudan’s Ministry of Energy and Dams signed a contract to build a $45 million hybrid…
Dubai’s Majid Al Futtaim to invest in Saudi, Egyptian, other emerging markets – CEO
Dubai-based Dubai’s Majid Al Futtaim is planning to invest in Saudi, Egyptian, Uzbekistani, and Ugandan markets,…
Oman Oil Co plans 20%-25% share sale in 2020: oil minister
State-owned Oman Oil Co expects to list 20% to 25% of the company in an initial public offering (IPO) by the end of…
Egypt to receive $1.1bn from ITFC to fund commodities imports – ministry
The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.1 billion to support the…
New power plants in Egypt to save $800mn annually in 3Yrs – minister
Egypt will save around 13 billion Egyptian pounds ($804 million) in energy consumption annually from three power…
Spain’s fossil-fuel giant Repsol eyes net-zero emissions by 2050
Spanish oil, gas, and chemical giant Repsol S.A. is planning to cut emissions to net-zero by 2050 and said it would…
T & C to carry out new $50mln factory for fabrics
Egypt-based supplier T&C Garments is studying the possibility of implementing a new factory manufacturing…