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Industry & Trade
Saudi-UAE-Lebanese firms to build giant industrial city in Suez Canal
The ASEC-Capital alliance, which involves Egyptian, Saudi, UAE, and Lebanese firms, has signed Sunday a contract to…
Italy studies building three logistics zones in Egypt
Italy is studying setting up three logistics zones in Egypt for the storage of grains, vegetables, and fruits as…
Saudi Arabia is Egypt’s top Gulf investor: minister
Saudi Arabia is Egypt’s first biggest investor regionally and second globally, with volume of investments worth…
Saudi Al Rajhi Co. to pump $135mn in Egypt’s Toshka until 2020
Saudi-based Al Rajhi International for Investment company (RAII) targets injecting 1.2 billion Egyptian pounds…
ACWA Power bets strongly on Egypt in coming five years
Saudi developer ACWA Power is planning to invest between $10-12 billion in Egypt in the next five years, its…
Saudi Arabia, Egypt sign MoU to boost mutual investments in agricultural sector
Egyptian agriculture ministry signed a Memorandum of Understanding (MoU) with its Saudi counterpart to enhance…
Marriott, Starwood Hotels deal approved
Starwood Hotels & Resorts Worldwide Inc (HOT.N) and Marriott International Inc (MAR.O) said on Friday the…
Interview: U.S. Blumberg’s high-tech attempt to ease Egyptian grain drain
At the far corner of a faceless government building in Egypt an unusually high-tech attempt to stem the country’s…
Egyptian investments in Saudi Arabia hit $2.5bn: trade minister
The total volume of Egyptian investments in Saudi Arabia reached around US$2.5 billion in more than 1,300 projects,…
Saudi-Egypt Business Council to form 10 new firms with $4bn-investments
A bunch of Saudi-Egyptian investments worth 36 billion Egyptian pounds (US$4 billion) are set to be injected into…