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

Arabiya Capital Staff -
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...
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UAE’s ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Egypt

Arabiya Capital Staff -
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...
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Paymob and Khazna seek to expand access to digital financial services in Egypt

Arabiya Capital Staff -
Paymob said Wednesday that it has partnered with Egyptian financial super app Khazna to expand access to digital financial services and enhance the services...
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Bain & Co. partners with WEF to tackle climate change in MENA region

Arabiya Capital Staff -
Bain & Company partnered with the World Economic Forum (WEF) last year to accelerate corporate climate action in the Middle East and North Africa,...
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Eni, Chevron discover ‘significant’ offshore natural gas fields in Egypt

Arabiya Capital Staff -
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...
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Egypt’s inflation accelerates to 21.3% as currency rout deepens

Arabiya Capital Staff -
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...
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Saudi Arabia’s Hassana to invest $2.4 billion in DP World’s UAE assets

Arabiya Capital Staff -
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...
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AD Ports, Invictus Investment to jointly invest $6 billion to develop Sudan’s Red Sea port

Arabiya Capital Staff -
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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Egypt’s non-oil private sector shrinks further in November after devaluation

Arabiya Capital Staff -
Egypt witnessed a deterioration in business conditions in November, the sharpest since the outbreak of the pandemic in early 2020, as inflationary pressures undermined...
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Real estate’s ESG credentials probed at COP27 as Egypt invests $324 billion in sustainable development

Arabiya Capital Staff -
Savills Egypt, one of the leading property consultants and part of Savills Middle East, hosted a panel discussion led by experts in sustainability and...
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