Media In – Saleh Ali 23 June 2018 Egypt has attracted 13 billion dollars to finance projects under the umbrella of China’s initiatives (Belt and Road) and ASEAN (2025). A recent HSBC report found that most of these projects are based on investments in the transport and energy sectors. The …
Read More »million cost of the construction of dry port in the city of 6 October
$ 100 Media In – Cairo – Saleh Ali 21 June 2018 Three Egyptian and foreign financial alliances have started to set up the first dry port in Egypt with $ 100 million in the fourth quarter of this year. The port will be built in the city of 6th …
Read More »The rise of Egyptian clothing exports to America
Media In – Saleh Ali – 21 June 2018 Egyptian exports of ready-made garments to the United States increased by 51% to LE 23.6 billion in 2017. Egypt’s imports from the US amounted to 69.1 billion pounds for the same period of 2017. A report issued by the Central Agency …
Read More »Algeria recorded a decline in the trade deficit during the past five months
MediaIn – Algeria 20 June 2018 Algeria’s trade deficit registered a decline of 63.7% during the first five months of this year, with a deficit of US $ 1,718 billion compared to US $ 4,734 billion for the same period last year. The Algerian customs said in a statement that …
Read More »Mubadala Petroleum completes acquisition of 10% of Shorouk franchise in Egypt
MEDIA IN – Abu Dhabi 20 June 2018 WAM Mubadala’s Mubadala Mubadala Development Company (Mubadala) completed the acquisition of 10 per cent of Eni’s stake in Egypt’s offshore Shorouk gas concession, which includes the Dhahr natural gas field. Dr. Bakheet Al-Kathiri, CEO of Mubadala Petroleum, said: “The 10% stake in …
Read More »58 vessels of the Suez Canal crossed the Suez Canal in both directions
Media In – Cairo – 19 June 2018 SPA The Suez Canal’s shipping channel crossed today 58 ships with loads of 3 million and 700 thousand tons. According to the navigation statistics of the Canal Authority, the convoy of the North included 33 ships with loads of two million tons, …
Read More »Egypt’s agricultural exports rise 12%
Media In – Cairo – Saleh Ali – 19 June 2018 Egypt’s exports of agricultural crops rose 12% during the period from September to April of fiscal year 2017-2018. The monthly report of the Export Council of Egyptian Agricultural Crops pointed to an increase in the value of exports during …
Read More »Tunis Stock Exchange closed higher at 7874.30 points
Media IN Tunisia 18/06/2018 Tunis Stock Exchange closed today at a high of 42.1% at 7874.8 points, while the capital movement reached 10.5 million Tunisian dinars. The shares of 36 companies listed on the stock exchange rose 23 other shares, while 10 companies continued to develop.
Read More »Egypt stops importing LNG by the end of this year
Media In – Cairo – 18 June 2018 Egyptian Minister of Petroleum and Mineral Resources Tariq Al-Mulla said that Egypt will stop importing liquefied natural gas by the end of this year thanks to the project to develop and modernize the oil sector and compensate for the decrease of productivity …
Read More »A private Syrian airline to operate flights to the UAE
Media IN 18 \ 06 \ 2018 Syrian private wing Al Sham has announced that it will begin flights to the UAE starting in early July, with its first destination being Sharjah, Dubai and Abu Dhabi. A source at the company said: “The operation of these flights came after a …
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