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Wepco mulls USD 420 mn expansion of oil storage infrastructure at its Al Hamra Terminal
Wepco is planning to process 95 mn barrels of oil during the next fiscal year — an average of 260k…
US quadruples tariffs on Chinese EVs to 100%
The White House is increasing tariffs on USD 18 bn worth of Chinese imports
EU calls on China for reciprocal market access as cheap Chinese products flood the bloc
The European Commission head said her bloc will not hesitate to make tough decisions to protect its economy
Telecom Egypt eyes USD 500 mn loan from Chinese lender. PLUS: Credit Agricole, Hyundai Rotem, UK Export Finance, ADES, Haier, Islamic Trade Finance Corporation, EgyptAir, Matouk Bassiouny
The company will reportedly pay for the loan in CNY given that a portion of its revenue stream originates from…
A look at Egypt’s infrastructure spending priorities for FY 2024-25
Some EGP 186 bn will be allocated to urban development, with EGP 50 bn going to the real estate sector
US International Development Finance Corporation mulls financing Actis’ Gabal El Zeit acquisition. PLUS: Saudi SMEs to expand in Egypt, The HUB plan new frozen food factory, UAE’s Horizon Egypt eyes North Coast project
This comes only a few weeks after the European Bank for Reconstruction said it was reviewing a proposed loan for…
Egypt, Belarus ink agreements to boost trade and investment
The agreements include an MoU to boost investment in each other’s stock markets
Geopolitical tensions are endangering global growth outlook, says Saudi finance minister
“Geopolitical risks are possibly the number one risk as you look at the global economy,” Saudi Finance Minister Mohamed Al…
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