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Transport Ministry signs MoUs with CRBC for three projects at Red Sea ports worth USD 1.35 bn
China lands port projects worth c. USD 1.4 bn: The Transport Ministry signed yesterday MoUs with the China Road and…
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Naguib reportedly stops service in DPRK, prepares for full withdrawal
Naguib pulling out of North Korea? Orascom Telecom Media and Technology Holding (OTMT) reportedly stopped its service in North Korea…
Orascom Construction consortium reached financial close for 250 MW BOO wind farm
An Orascom Construction consortium with Engie and Toyota Tsusho Corporation / Eurus Energy Holdings Corp. has reached financial close for…
Electricity Ministry ups target for renewable energy development
Egypt plans to generate 42% of its electricity from renewable energy by 2025, Electricity Minister Mohamed Shaker tells Bloomberg. That…
Egypt to allow foreign companies to export gas in five years
Egypt will allow foreign companies to “freely” export natural gas not needed for domestic use in five years, Oil Minister…
Majid Al Futtaim to increase investments in Egypt to EGP 23 bn by 2020
INVESTMENT WATCH- Majid Al Futtaim plans to increase its investments in Egypt to EGP 23 bn by 2020, according to…
Longreen Capital Advisors completes acquisition of Egyptian International Restaurants Company
M&A WATCH- Longreen Capital Advisors announced that it has completed the acquisition of Egyptian International Restaurants Company, operator of El…
Eagle Capital acquires Abou Hashima’s stake in Egyptian Media
M&A WATCH- Eagle Capital announced yesterday it has acquired Ahmed Abou H ashima’s stake in Egyptian Media Group, Al Masry…
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