investment
Dollar hits ten-week low following US presidential election
Business
November 9, 2020
Dollar hits ten-week low following US presidential election
The US dollar fell to its lowest level in ten weeks on Monday, with investors buying trade-exposed currencies in anticipation…
Chevron bets on Middle East gas riches and reconciliation
Middle East
October 26, 2020
Chevron bets on Middle East gas riches and reconciliation
HOUSTON/LONDON (Reuters) – After years of focusing on US shale, Chevron Corp CVX.N is staking its natural gas future on the Middle…
BEBA holds 4th webinar on future of digital innovation in Egypt
Egypt
October 2, 2020
BEBA holds 4th webinar on future of digital innovation in Egypt
The British Egyptian Business Association (BEBA) held its fourth webinar on a series of virtual discussions regarding digital transformation and…
CBE launches LE7 billion initiative to help banks fund larger companies
Business
June 28, 2020
CBE launches LE7 billion initiative to help banks fund larger companies
The Central Bank of Egypt (CBE) on Sunday launched a seven billion LE pledge issuance initiative for the Credit Risk…
Egypt top recipient of foreign direct investment in Africa in 2019
Economy
June 26, 2020
Egypt top recipient of foreign direct investment in Africa in 2019
The Information Center of the Egyptian Cabinet published an infographic showing that Egypt ranked first in Africa in attracting foreign…
Procter & Gamble injects US$50 mn in Egypt to manufacture masks and increase operations
Business
June 21, 2020
Procter & Gamble injects US$50 mn in Egypt to manufacture masks and increase operations
The Procter & Gamble company announced Sunday that it will inject US$50 million in Egypt to establish a new production…
UAE agriculture tech start-up secures US$120 million investment commitment
Middle East
April 6, 2020
UAE agriculture tech start-up secures US$120 million investment commitment
DUBAI (Reuters) – United Arab Emirates agriculture technology start-up Pure Harvest Smart Farms has raised US$20.6 million in fresh funding…
EGAS plans to drill 10 wells in Delta, Mediterranean at $US 328 mn
Economy
February 28, 2020
EGAS plans to drill 10 wells in Delta, Mediterranean at $US 328 mn
Egypt’s EGAS has plans to drill 10 wells in the Nile Delta and the Mediterranean, with investments totaling $US 328…
ALEXBANK, EBRD sign $50 million loan agreement
Business
February 23, 2020
ALEXBANK, EBRD sign $50 million loan agreement
ALEXBANK and the European Bank for Reconstruction and Development (EBRD) signed a $50 million loan agreement on Sunday financing small…
Saudi-Egyptian partnership for hotel management launched at $US 450 mn
Business
February 21, 2020
Saudi-Egyptian partnership for hotel management launched at $US 450 mn
The Saudi Hospitality Development Group, which represents Swiss International in the Middle East, has signed an exclusive contract valued at…