First Independent Mena Newspaper
Egypt and Italy have inked an agreement for the international transport of goods by towed land vehicles, trailers, and semi-trailers, using roll-on/roll-off (RoRo) line, ‘Arab Finance’ reports citing the Egyptian government. Under the deal, initialed by Minister of Transport Kamel Al-Wazir and Ambassador of Italy to Cairo Michele Quaroni, RoRo is scheduled to start during […]
The European Bank for Reconstruction and Development, EBRD, has committed to a provisional equity investment of up to $75 million in HAU Energy BV, a funding vehicle established by Hassan Allam Utilities that operates in Egypt and is running a project known as 1.1 GW Gulf of Suez wind farm. The investment is set to […]
The Egyptian Government is planning to expand by two folds the capacity of the Cairo International Airport to 30 million passengers per year, a cabinet statement issued on Monday January 15 said. Minister of Civil Aviation Mohamed Abbas presented in a meeting with Prime Minister Mostafa Madbouly the preliminary financial studies for the project which […]
Yehia Zakariya, chairman of the Board of Directors of the EgyptAir Holding Company, has confirmed the operation of new direct flights from Cairo to Misrata in Libya, starting from January 25, Libya Observer reports. Misrata become the third city the Egyptian carrier will be flying to, after Tripoli and Benghazi. Zakariya reportedly on company’s Facebook […]
Morocco joined an Arab industrial cooperation partnership bringing together the UAE, Egypt, Jordan and Bahrain aiming to promote investments and economic development. The partnership’s MoU was signed in Manama by the five countries during a high-level ministerial meeting, attended by Moroccan industry minister Ryad Mezzour. The partnership offers a promising cooperation platform to support sustainable […]
A consortium led by the Saudi-listed water desalination company ACWA Power has signed a usufruct agreement to invest $1.5 billion in a 1.1 MW wind project in Egypt, a statement by the Egyptian cabinet announced Thursday. The agreement was signed between Egypt’s New and Renewable Energy Development and Utilization Authority and the consortium including the […]
Concordia, a Russian manufacturer of electric vehicles (EVs), will set up an EV components manufacturing factory in Egypt as part of deal with real estate developer GV Investments. Per the partnership, GV Investments will provide the plot of land needed for the project and construct the factory, reports say. The future factory is expected to […]
Ayman Soliman, Chief Executive Officer of the Sovereign Fund of Egypt (SFE) unveiled plans for upgrading downtown Cairo and the Ministries Square, including the establishment of 2,600 hotel rooms, the development of 15,000 square meters of green spaces, and the revitalization of historical buildings, Ahram Online reported Thursday. Soliman speaking at a meeting of the […]
Egypt’s Ministry of Transport will hold a Conference on Wednesday January 3 in the New Administrative Capital to explore ways to enhance the establishment of local and international marinas and boost yacht tourism in the North African country, Ahram Online reports. Investors and stakeholders in yacht tourism and marina construction, investors in coastal villages and […]
Libya’s General Federation of Chambers of Commerce, Industry, and Agriculture has proposed a new commercial crossing on the border with Egypt to facilitate the flow of goods and enhance bilateral trade, separate from the Salum land crossing used by individuals, Libya Observer reports. Mohamed Al-Raeed, head of the federation, held discussions on the initiative during […]