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Development partners
AOI welcomes exchange of expertise with African countries
Egypt stressed the importance of implementing President Abdel Fattah El Sisi's directives to promote joint cooperation with African brethren in all industrialization fields, according to Head of the…
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Egypt, UAE work on developing bilateral economic relations
Egypt’s Minister of Trade and Industry Nevine Gamea met with Ambassador of the UAE to Cairo Mariam Khalifa Al-Kaabi on Monday to discuss the latest economic developments regionally and globally.
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TAQA Arabia signs MoU with Tanzanian government for gas delivery projects
TAQA Arabia has signed a memorandum of understanding (MoU) with Tanzanian government officials to develop several gas delivery projects in the presence of President of Tanzania Samia Hassan.
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MSMEDA partners with World Bank to launch USD 50 mn VC fund
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has launched a venture capital fund with USD 50 mn from the World Bank, according to a press release.
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Siemens-led consortium to sign on second + third high-speed rail lines next month
The Transport Ministry and the consortium of Siemens Mobility, Orascom Construction and Arab Contractors tasked with building Egypt’s first high-speed rail line to sign final contracts for the second…
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Egypt, Azerbaijan sign 5 cooperation deals to promote commercial partnerships
The joint Egypt-Azerbaijan Commission signed five cooperation agreements in the areas of ports, business councils, promotion of commercial partnerships, and small and medium enterprises.
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German Thyssenkrupp nears deal to build Egypt green hydrogen plant – CEO
Germany’s Thyssenkrupp is putting the final touches on memorandum of understanding (MoU) to build a green hydrogen production plant in Egypt, regional chief executive Andreas Beckers said.
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ITFC approves $2.6 billion financing for Egypt
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has approved a $2.6 billion financing to support developmental projects in Egypt,…
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AfCFTA, partners launch cross-border payment system to boost intra-African trade
The African Continental Free Trade Area (AfCFTA) Secretariat, African Export-Import (Afrexim) Bank, and other partners launched the Pan-African Payment and Settlement System (PAPSS) in a bid to boost…
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EIB, AFD to sign €300 mln loan for Egypt rail project this quarter: sources
Egypt is expected to sign a €300 million ($342.7 million) loan agreement with the European Investment Bank (EIB) and the French Development Agency (AFD) within this quarter to finance the Tanta-El…
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