deal

Fair value of "AiBank" in Hermes - Egypt's sovereign fund deal reaches LE 1.1B

Wed, 14 Apr 2021 - 01:49 GMT

EFG Hermes' share in the bank will become 51 percent, and the share of Egypt's sovereign fund through the Egypt Financial Services and Digital Transformation Sub-Fund, which is wholly owned by it, is 25 percent, while the National Investment Bank maintains 24 percent after the increase capital.

Egypt's Irrigation minister signs deal with Burundi's official

Thu, 25 Mar 2021 - 12:25 GMT

Abdel-Atti said he is upbeat about the visit of Rurema, stressing depth of joint relations.

Kuwait Hotels Co's subsidiary signs hotel management deal in Egypt's Sharm El-Sheikh

Tue, 23 Mar 2021 - 01:00 GMT

The contract is for a 10 year-period, and the total expected revenue for the contract period is 2.5 million dinars ($ 8.3 million).

Gov't okays draft decree on deal with IBRD to implement $200M climate change project

Wed, 24 Feb 2021 - 03:19 GMT

This came during the Cabinet meeting held Wednesday under Prime Minister Mostafa Madbouli.

Telecom Egypt, Google sign agreement to offer secure int'l services

Mon, 04 Jan 2021 - 01:43 GMT

Under the agreement, Google will obtain international capacities for Europe through the TE North submarine cable system owned by Telecom Egypt.

Elsewedy Electric’s subsidiary signs $90M contract with Egypt for smart high way information traffic system

Mon, 16 Nov 2020 - 08:26 GMT

The execution duration is 18 months for ITS for-highway roads in Egypt including Traffic Management System (TMS) and toll collection system (TCS) in addition to the main control rooms in the ACUD, phase one includes six highway roads with total 1079 km.

Presidential decree approves deal with UAE banks

Thu, 05 Nov 2020 - 12:38 GMT

The deal was signed in July, 2020.

Telecom Egypt, Ericsson ink deal on updating int'l portal

Wed, 28 Oct 2020 - 11:39 GMT

The agreement was signed during a video conference by Telecom Egypt Managing Director and CEO Adel Hamed and President of Ericsson in the Middle East and Africa region Fadi Pharaon.

Presidential decree approving grant deal for developing statistics

Thu, 03 Sep 2020 - 09:57 GMT

The grant is meant to support a national strategic project for development statistics.

ICT ministry, China's iFlytek sign deal on language processing

Wed, 22 Jul 2020 - 12:11 GMT

Under the deal, both sides will cooperate in implementing a research and development project in the domains of Natural Language Processing (NLP) and machine translation using the artificial intelligence technology.

Egypt acquires lion's share of investment deals in MENA

Mon, 06 Jul 2020 - 03:04 GMT

Investments in Middle East and North African startups jumped 35 percent during the first half of the year with companies in the United Arab Emirates raising the bulk of the funding.

Egypt slams Ethiopia for Renaissance dam remarks

Sun, 01 Mar 2020 - 05:35 GMT

Egypt says that violations of the international laws and the Declaration of Principles are impermissible under Ethiopia’s ownership of the dam.

Telecom Egypt reveals updates on its stake in Vodafone Egypt

Wed, 05 Feb 2020 - 11:50 GMT

“The company’s main goal is to ensure that its shareholders gain the maximum benefit out of the opportunities currently presented.”

$690K deal to fund feasibility study of 'polyacetal' production project: Molla

Tue, 10 Dec 2019 - 11:55 GMT

The grant deal was signed by USTDA’s Acting Deputy Director Todd Abrajano and Echem’s Chairman Saad Helal.

Egypt, Italy sign LE 360M deal to establish 10 farm silos

Thu, 19 Sep 2019 - 02:45 GMT

The agreement falls within the framework of the third phase of the Italian-Egyptian Debt Swap (IEDS) Program.

Arabian Cement Co. signs pet coke deal with Egyptian Refining Co.

Wed, 31 Jul 2019 - 03:53 GMT

The deal stipulates to supply local petroleum coke (pet coke) with an annual volume tons as of July 2019.

Egyptian, Russian diplomats brief African ambassadors on Sochi summit preparations

Sat, 27 Jul 2019 - 03:06 GMT

The summit will be co-chaired by Russian President Vladimir Putin and his Egyptian counterpart Abdel Fattah El Sisi.

EgyptAir to receive 2 Boeing 787-9 Dreamliner jets in June

Wed, 29 May 2019 - 02:39 GMT

That is within a six-plane deal.

Trump says a deal 'could very well happen' with China

Sun, 20 Jan 2019 - 05:00 GMT

U.S. President Donald Trump said on Saturday progress is being made toward a trade deal with China.

U.S.-China trade talks conclude as hopes of a deal build

Wed, 09 Jan 2019 - 09:33 GMT

The talks were extended into an unscheduled third day, showing both sides were “serious”, China’s Foreign Ministry said.

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