FINANCE & ECONOMY

22 Aug 2017

EBRD, Proparco commit US$116 million for 100MW PV portfolio in Egypt

The European Bank for Reconstruction and Development (EBRD) and French financial company Proparco are set to help Egypt make major strides in the development of its renewable-energy sector.

Both companies announced"...

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22 Aug 2017

WAKGROUP Signs Historic Deal With China’s GEDI & CEEC to Establish State-of-the-Art Oil Refinery in KP Pakistan

WAK Group, a Pakistani Conglomerate with varied interests especially in the Oil and Gas Sector, and Guangdong Electrical Design Institute ('GEDI'), an energy industry leader in engineering, procurement and construction (EPC) solutions singed a historic EPC agreement to engineer,"...

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22 Aug 2017

Essel Group ME Expands into New Technologies with Acquisition of boo.lab

Essel Group ME is pleased to announce that its media and production subsidiary, Essel Media Hub, has acquired boo.lab, a leading Spanish production company specialising in audiovisual and experiential media. The acquisition expands Essel Media Hub’s media and production capabilities,"...

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22 Aug 2017

Egypt, Sudan agree to enhance border protection cooperation

Egypt’s President Abdel-Fatah al-Sisi and Sudan’s Defence Minister Awad Ibn Ouf Monday agreed to hold a meeting for the joint military committee to promote cooperation and coordination on border control, said the Egyptian Presidency.

Al-Sisi"...

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22 Aug 2017

UAE allocates AED8 million to support, develop date palm industry in Egypt

Juma Mubarak Al Junaibi, UAE Ambassador to Egypt and Permanent Representative at the Arab League, has announced the planning of the 3rd Egyptian Date Palm Festival, which will be held in Siwa, Marsa Matrouh Governorate, from 8th to 10th November.

The"...

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22 Aug 2017

Green Climate Fund to fund $1bn Egypt renewables drive

The Green Climate Fund is set to start disbursing its contribution to a $1 billion renewable energy drive in Egypt next month.

It signed a deal with the European Bank for Reconstruction and Development (EBRD)"...

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22 Aug 2017

South Korea to build $10bn agricultural city in Egypt

South Korea is planning to build an agricultural “city” worth $10bn in Egypt.

Located in the Qattara Depression in Egypt’s north west, the second lowest point in Africa, the city will contain"...

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22 Aug 2017

New restaurant offers most expensive burger in Egypt

A new restaurant, located in the Cairo suburb of Masr al Gedida, announced they will be offering the most expensive burger in Egypt, priced at 1495 EGP; made with the rare Wagyu beef. The price stirred massive controversy among Egyptian social media users, on the sandwich’s ingredients.

"...

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22 Aug 2017

Egypt construction federation urges equipment import duties down to 5%

The Egyptian Federation for Construction and Building Contractors (EFCBC) is demanding the country’s Tax Authority to narrow tax on imported equipment to five percent from 14 percent.

Gaber Attia, Head of"...

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22 Aug 2017

Egypt issued a tender to purchase vegoils

According to market participants, Egypt’s state buyer GASC has issued a tender to purchase 30 KMT of soybean oil and 10 KMT of sunflower oil, reports UkrAgroConsult. The sunflower oil delivery period – October 01-15, 2017, soybean oil - October 15-30, 2017. The deadline for tender bids is August 24, 2017. As a reminder, 61 KMT of vegoil was bought in the previous tender held on July 20, 2017. More detailed information on tenders is available to subscribers for weekly market report 'Black Sea Vegoils+CIS' by UkrAgroConsult.......

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