PM: Egypt welcomes private sector partnership in airport operation
The Egyptian Cabinet approved a deal with the International Finance Corporation (IFC) to manage and operate the…
Browsing Tag
deal
Arabian Pipes, Aramco pen $14.4mln supply deal
Aramco and Arabian pipes signed a $14 million deal where the latter will supply the giant oil company with steel…
Egypt to inaugurate a new €1.3bln metro system in Alexandria
Egypt will inaugurate a new metro system in its coastal city, Alexandria that would stand at approximately EUR1.3…
Egypt, South Korea clinch $2.9mn deal to improve patent office – minister
Egypt’s Minister of International Cooperation said exchanged letters have been signed with South Korea to extend a…
Sherif Ekramy clinches deal with Egyptian side Pyramids FC
Egypt's Ahly departing keeper Sherif Ekramy has signed a deal with Egyptian side Pyramids FC, club's technical…
Egypt’s Suez Canal Zone unveils deal to boost competitiveness, investments
Egypt’s Suez Canal Zone and its Suez Canal Container Terminal (SCCT) announced a deal on Tuesday committing to $50…
U.S. exports to China likely to double in ‘totally done’ trade deal
The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is…
No ‘phase two’ U.S.-China deal on the horizon, as they struggle to reach phase…
An ambitious “phase two” trade deal between the United States and China is looking less likely as the two countries…
U.S. to halt sanctions after Turkey ceasefire deal: Pence
U.S. Vice President Mike Pence said on Thursday that Washington will impose no further sanctions on Turkey once…
Egypt’s CIS, Agricultural Bank renews credit insurance cover deal for loans
Egypt’s Cooperative Insurance Society (CIS) has renewed a loan insurance cover agreement with the Agricultural Bank…
Egyptian Takaful Insurance strikes bancassurance deal with United Bank
Egyptian Takaful Insurance Co. (Property) has reached bancassurance partnership agreement with United Bank of…
Egypt’s Inertia, Banque du Caire ink $35mn loan deal to develop projects
Egypt's property developer Inertia Holding Group has signed a 575 million Egyptian pounds ($35 million) loan deal…
Japan, U.S. eye broad bilateral trade deal by September
Japan and the United States have agreed to target a broad deal on bilateral trade by September, seeking to bridge…
Egypt’s SODIC, NUCA sign land deal in Sheikh Zayed
Egypt's property developer Sixth of October for Development and Investment (SODIC) has signed a deal with the…
Israel issues its first 50-year bonds in €500 mln deal
Israel issued its first 50-year bonds in a deal worth €500 million ($568 million) with a single institutional…
Egypt’s Orascom Development inks $227.2 mln loan restructuring deal
Egypt’s Orascom Development Holding said on Thursday it has signed a deal to schedule its loans worth 3.8 billion…
Beijing says won’t yield to any U.S. pressure over trade
China’s commerce ministry Beijing will not yield to any “maximum pressure” from Washington, and any attempt by the…
Egypt’s Sisi approves KWD 70mn loan deal for Bahr el Baqar drainage system
Egypt's President Abdel Fattah al-Sisi issued decree no. 507/2018 approving a loan agreement between the government…
EU responds firmly to Iran’s nuclear deal threat saying ‘We reject any…
The EU has responded firmly to Iran's threat to roll back its 2015 nuclear deal commitments, saying in a statement…
Telecom Egypt, Orange sign new bitstream services agreement
Egyptian fixed line incumbent Telecom Egypt (TE) has announced the signing of a new agreement related to bitstream…
Egypt, Germany ink second tranche deal to support reform programme
Egypt and Germany signed the second tranche deal of $250 million to support Egypt’s economic and social reform…
Establishing Russian Industrial Zone in Egypt comes into force
Egypt's President Abdel Fatah al-Sisi issued decree in 2018 approving a deal between Egyptian and Russian…
Egyptian Tycoon Naguib Sawiris denies cancelling pyramids area contract
Egyptian billionaire and chairman of Orascom Investment Holding Naguib Sawiris denied on Wednesday cancelling the…
US crude jumps 3.3% to 2-month high on hopes for US-China trade deal
Oil prices hit a roughly two-month high on Friday, rising with the stock market, on news that China has put forward…
Egypt secures $1.2bn from China’s EximBank for electric rail to new capital
Egypt says it has secured a $1.2 billion deal with the Export-Import Bank of China (EximBank) to finance an…
Egypt, World Bank ink $1bn deal to support private sector
Egypt and World Bank signed a $1 billion deal to support the country's private sector in achieving integrated…
Egypt, EIB ink €350mn deal for Cairo Metro Line 1 upgrade
Egypt and European Investment Bank (EIB) signed on Wednesday a deal worth €350 million ($399.1 million) to develop…
UK PM May urges devolved nations to back her Brexit deal
British Prime Minister Theresa May will urge the devolved nations of Scotland, Wales and Northern Ireland to…
Egypt’s PM heads to Tanzania to attend signing of Stiegler’s Gorge dam deal
Egypt's Prime Minister Moustafa Madbouly is heading on Tuesday to Tanzania to attend the signing of the contract to…
Trump to notify Congress in ‘near future’ he will terminate NAFTA
U.S. President Donald Trump said on Saturday he will give formal notice to the U.S. Congress in the near future to…
Dow ends volatile November with over 150-point rally on hopes of US-China trade deal at…
U.S. stocks closed a volatile month with strong gains on Friday on renewed bets the U.S. and China could strike a…
Iron, Steel to pay EGP 750mn to Banque Misr to settle long-standing debt dispute
Egypt's state-owned Iron and Steel Company will pay 750 million pounds to Banque Misr after a new deal was signed…
After current deal ends, Egypt won’t seek more funding from IMF: FinMin
Egypt's Finance Minister Mohamed Maait has told Bloomberg in an exclusive interview that Egypt will not seek…
Sterling rises as May battles to save her Brexit deal
Sterling rose on Monday as British Prime Minister Theresa May sought to win support for her draft European Union…
Euro, pound firm after draft Brexit deal; yen strengthens
The dollar weakened on Thursday against the pound and euro, which rose after Britain's prime minister won cabinet…
Egypt, Saudi ACWA sign $2.3 bln power plant deal
Egypt has signed a deal with Saudi Arabian utility developer ACWA Power on Thursday to build a $2.3 billion power…
Sterling pops following report of Brexit deal on financial services
The British pound jumped on Thursday on a report that UK Prime Minister Theresa May has struck a deal with Brussels…
Egyptian, Israeli partners buy into pipeline to allow natural gas deal
Israeli and Egyptian partners have agreed to purchase 39 percent of the shares in the EMG pipeline for $518…
Egypt, Siemens sign $352mn deal to operate world’s largest power plants
The Egyptian government has agreed with Siemens to operate and maintain three electricity mega plants.
Egypt, China sign $45 mln deal to build ‘Egypt Sat-2’
Egypt and China signed a $45 million grant to implement the new satellite "Egypt Sat 2'' on Monday, according to an…