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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

BORGWARD BX7 SUV Offers a Cool Ride during Road Testing on UAE Terrain in Hottest Days Ahead of the Middle East Launch

The BX7 SUV, one of the first new models of the BORGWARD Group AG to be launched in the GCC, has undergone a series of on-the-road testing. The German brand has just finished its first set of tests in the United Arab Emirates, including the temperature test during the height of summer between August 2 and 12, to measure BX7’s adaptability to the blazing heat. The vehicle even experienced the windless environment at locations like the desert by Al Aweer in strong sunlight. BX7 has proved its superior engine power and controllability......

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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, design"...

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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) on Thursday,"...

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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 50,000"...

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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

ADIB-Egypt H1 net profit grows 23.8%

Abu Dhabi Islamic Bank (ADIB) says first-half net profit in Egypt rose 23.8 percent from a year ago to record 211.9 million Egyptian pounds ($12 million).

The Emirati bank in Egypt posted a net profit of 171.2 million"...

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