Saudi renewable energy company, Acwa Power, said a new breakdown will leave a solar plant in Noor Ouarzazate project idle until November 2024, totaling losses estimated at 47 million dollars. The breakdown was due to a storage problem, it said in a statement on the Saudi Stock Exchange, adding that it was planning to build […]
Washington, which already froze military assistance package to Egypt over its intriguing relations with Pyongyang, has reiterated its demand to Cairo to curtail all ties with its historical North Korean ally. London-based The New Arab revealed that diplomatic sources familiar with ties between Egypt and the US pointed out that Washington requested that Cairo closes […]
The Chinese electrical appliance manufacturer Midea Group is considering acquiring the Swedish appliances manufacturer Electrolux Group’s Zanussi brand and its assets in Egypt, reports say. Electrolux Group announced mid last month plans to exit the Egyptian market. The company indicated that it is preparing to sell its factories in Egypt, which produce the main appliances […]
