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Business
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Economy
12/28/2023 3:19:58 PM
The Suez Canal Economic Zone (SCZone) signed an agreement with Henneway, a Chinese travel bags manufacturer, to build a factory with up to $50 million in investments in the West Qantara Industrial Zone (WQIZ), according to a cabinet statement on Thursday.
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Business
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Economy
12/27/2023 6:04:01 PM
Beltone Financial Holding's subsidiary Cash for Microfinance signed an EGP 60 million agreement with the Dutch Challenge Fund for Youth Employment (CFYE), to support low-income entrepreneurs in Egypt, according to a company statement on Wednesday.
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Business
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Economy
12/27/2023 3:09:15 PM
Abu Dhabi Ports Group signed a 30-year definitive concession agreement with the Red Sea Ports Authority (RSPA) for the development and operation of the Safaga 2 multi-purpose terminal at Safaga Sea Port with $200 million in investments over three years.
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Business
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Economy
12/21/2023 4:04:45 PM
The Damietta Port Authority (DPA) and Damietta Alliance Container Terminals signed agreements with an international consortium led by HSBC Egypt and the International Finance Corporation (IFC) to facilitate providing $455 million to finance constructing the superstructure of the Second Container Terminal Tahya Misr 1 in Damietta Port.
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Business
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Energy
12/20/2023 3:07:59 PM
Egypt signed an agreement with Saudi Arabia’s utility developer ACWA Power to develop a green hydrogen project in the Suez Canal Economic Zone (SCZONE) with investments exceeding $4 billion, according to a Cabinet statement on Wednesday.
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World
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International
12/20/2023 10:32:21 AM
EU countries and lawmakers reached an agreement Wednesday on an overhaul of the bloc's laws on handling asylum-seekers and migrants, officials said.
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Business
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Tech
12/19/2023 6:54:08 PM
Global digital payment company Visa entered into a strategic collaboration agreement with global technology company TECH5 in a bid to enhance digital government ecosystems on a global scale, according to a statement by Visa on Tuesday.
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Business
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Economy
12/16/2023 5:46:44 PM
The UAE’s ADNOC has reached an agreement to purchase Nassef Sawiris’ European chemical producer OCI's entire stake in Fertiglobe for $3.62 billion, with the deal expected to close in 2024, according to a joint statement on Friday.
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Business
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Economy
12/14/2023 4:24:54 PM
Emirates NBD-Egypt Bank signed a medium-term loan facility with Indian manufacturer Abdos FMCG Egypt to support the company’s expansion plans in Egypt, read a statement on Thursday.
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World
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Region
12/12/2023 11:02:25 AM
A stark standoff between countries that want a dramatic phase-out of fossil fuels causing damaging warming and those that don't crush hopes for an on-time finish to a critical climate summit Tuesday.
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Business
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Markets & Companies
12/10/2023 7:13:57 PM
Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new capital, signed an agreement with JOBMASTER for Human Capital Solutions to restructure the company in preparation for the initial public offering (IPO) on the Egyptian Exchange (EGX) and global stock markets, according to a statement on Sunday.
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Business
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Energy
12/9/2023 3:49:17 PM
The Swedish Energy Agency entered a $28.2 million agreement with the United Nations Development Programme (UNDP) to combat global carbon emissions and alleviate poverty in Africa, according to a statement by UNDP on Friday.
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Sports
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World
12/6/2023 4:02:00 PM
Bayern Munich have reached an agreement to sign Spain winger Bryan Zaragoza from La Liga side Granada next summer, the German champions announced on Wednesday.
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World
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Region
12/6/2023 1:29:28 PM
After a first-day blur of rare quick action and agreement, negotiators at a critical United Nations climate summit Wednesday finished up their first week in a more familiar place for them: the murky middle where momentum and roadblocks intertwine.
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Business
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Economy
12/6/2023 10:01:12 AM
Egypt’s delegation to the 28th UN Climate Change Conference (COP28), headed by President Abdel-Fattah El-Sisi, finalized crucial agreements, MoUs, and initiatives spanning green energy, climate action, and gender equality during the first week of the conference.
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Business
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Energy
12/5/2023 5:47:40 PM
The Egyptian Suez Canal Economic Zone (SCZone) has recently signed a strategic cooperation agreement with Egypt-based Injazat Company and Chinese CHINT Global, to establish an industrial complex for green energy within the SCZone, covering a substantial area of 2 million square metres, according to a statement on Tuesday.
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World
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Region
12/5/2023 11:23:00 AM
The UN released the latest draft of a global climate agreement on Tuesday presenting all options on fossil fuels -- from phasing them out to not discussing them at all.
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Business
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Economy
12/4/2023 5:57:05 PM
Global payment technology company MasterCard has entered into a strategic alliance agreement with the Egyptian digital payment company MDP to enhance the payments ecosystem for banks and non-financial institutions in the Middle East and Africa, according to a statement on Monday.
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Business
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Markets & Companies
12/3/2023 10:58:09 PM
Transcargo International, TCI, a subsidiary of Abu Dhabi Ports Group signs an agreement with Sinai White Portland Cement, SWCC, for the development of Egypt’s first bulk cement silos in Arish Port, the first of its kind in Egypt, according to a statement on Sunday.
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Business
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Energy
12/3/2023 5:34:30 PM
The Egyptian Suez Canal Economic Zone (SCZONE) and the Ministry of Electricity and Renewable Energy signed agreements with Norwegian energy company Scatec, and a group of international financial institutions including the African Development Bank (AfDB) and British International Investment (BII) to launch three green energy projects in Egypt.
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