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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…
QatarEnergy to acquire 40% stake in two of ExxonMobil’s offshore exploration blocks in Egypt
ExxonMobil will retain the remaining 60% of the two concessions.
Raya Contact Center’s board greenlights full acquisition of Gulf CX. PLUS: Oxy Egypt’s UAE expansion, new private freezone plans, Ras El Hekma marina greenlit
Raya CX acquired an 85% stake in the company in 2021
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…
Gov’t locks in a lease agreement for an LNG regasification vessel with Norway’s Höegh LNG
The country is gearing up to meet rising energy demand this summer by ramping up LNG imports
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
Italian energy giant Eni slows down Egypt operations. PLUS: More incoming LNG shipments, foreign funding for high-speed rail, Hassan Allam + Siemens land GCC railway project, new Nobu project
Eni had announced as recently as September its intention to invest USD 7.7 bn with its partners in Egypt over…
Germany’s Smart Automobile teams up with Ezz El Arab Group for Egypt EV venture. PLUS: BPE Partners gears up for acquisitions, an oil freezone with the UAE in the works, eKhalas team up with Balad
The German EV maker wants to bring its electric vehicles to the local market in 3Q 2024
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