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Egypt, UAE companies form $9.8 million joint venture

The signing of the agreement marks another milestone in the cooperation between the UAE and Egyptian companies

Egypt reportedly expands citizenship program to attract FDI

Egypt initially launched its citizenship by investment in 2018, paving the way for foreigners living in the country to apply for citizenship after five years of residency

Egypt, Jordan, UAE, Bahrain sign $2 billion industrial agreements

Egypt, the UAE, Jordan and Bahrain have signed agreements to set up nine integrated industrial projects with an investment of over $2 billion. The 12...

UAE’s ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Egypt

UAE’s ADNOC Distribution said Wednesday that it has completed the acquisition of a 50% stake in TotalEnergies Marketing Egypt for approximately $186 million (EGP...

Paymob and Khazna seek to expand access to digital financial services in Egypt

Paymob said Wednesday that it has partnered with Egyptian financial super app Khazna to expand access to digital financial services and enhance the services...

Bain & Co. partners with WEF to tackle climate change in MENA region

Bain & Company partnered with the World Economic Forum (WEF) last year to accelerate corporate climate action in the Middle East and North Africa,...

Eni, Chevron discover ‘significant’ offshore natural gas fields in Egypt

Italian energy giant Eni said Sunday that it had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean Sea. Eni...

Egypt’s inflation accelerates to 21.3% as currency rout deepens

Egypt’s annual urban consumer inflation accelerated to 21.3% year-on-year in December, the fastest in almost five years, as the North African country struggle with...

Saudi Arabia’s Hassana to invest $2.4 billion in DP World’s UAE assets

Dubai’s DP World said Wednesday that Saudi Arabia’s Hassana Investment Company (Hassana) has agreed to invest $2.4 billion in the global ports operator’s three...

AD Ports, Invictus Investment to jointly invest $6 billion to develop Sudan’s Red Sea port

Sudan has signed a preliminary agreement with a consortium led by the UAE’s AD Ports Group and Invictus Investment to develop, manage and operate...

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