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Industry & Trade
Egypt, Djibouti in talks over establishing major logistical zone
Egypt and Djibouti are in talks over establishing a mega logistical zone that would help boosting intra-African…
Eni unveils new oil discovery in Egypt’s Gulf of Suez
Eni announced on Friday the discovery of new resources in the Abu Rudeis Sidri development lease in the Gulf of…
Fitch Solutions: Egypt’s GDP growth likely to reach 5.7% in FY20
Fitch Solutions expected that Egypt’s real GDP growth to remain strong in the near term, at 5.7 percent in the…
Malaysian oil, gas investments in Egypt hit $9 billion – envoy
Malaysian investments in Egypt’s oil and gas sector are currently worth around $9 billion, said Malaysia’s…
Eni buys 70% of Edison stake in Egypt’s Habi offshore gas concession
Italian energy giant Eni has purchased 70 percent of Edison’s stake in Block 12 of the offshore Habi gas concession…
Egypt’s Qalaa Holdings plans IPOs of two subsidiaries in 2020
Egypt’s Qalaa Holdings, one of the country’s largest investment companies, will offer shares of two of its…
China’s Hebei considers building iron plant in Egypt’s Ain Sokhna
Hebei Steel Group, China’s biggest steelmaker by output, is considering building an iron plant in Egypt’s Red Sea…
UAE’s Majid Al Futtaim to raise $600 million by selling green sukuk
UAE-based developer and shopping mall operator Majid Al Futtaim is set to raise $600 million by selling “green”…
Russian EFKO to establish production venture with Egypt’s United Oil
Russian vegetable oil and mayonnaise producer EFKO and Egypt’s United Oil are set to sign an agreement of intent on…
Russia assigns $190M to infrastructure of Dabaa nuclear plant
Russia has allocated $190 million to the infrastructure of Egypt's Dabaa nuclear plant, Russian President Vladimir…