Tag Archives: EGYPT

Bilfinger Tapped to Lead Construction of Key Fertilizer Plant, Powering Egypt’s Chemical Growth

(IN BRIEF) Bilfinger has been awarded a significant Project Management and Consultancy contract by Egyptian Chemical Industries (KIMA) to manage the construction of a new chemical and fertilizer plant in Aswan, Egypt. The facility will produce 600 tons of nitric … Read the full press release

EBRD and GCF Partner with Crédit Agricole Egypt to Boost Small Businesses and Green Investments with $20 Million Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing a $20 million loan to Crédit Agricole Egypt to support small businesses and green investments. This loan includes $3 million of concessional … Read the full press release

Scatec ASA and Partners Forge Renewable Ammonia Pact with Yara Clean Ammonia for Egypt

(IN BRIEF) Scatec ASA, in collaboration with ECHEM and MOPCO, has finalized a Heads of Terms agreement with Yara Clean Ammonia to secure the offtake of renewable ammonia produced in Egypt. The project involves developing up to 480 MW of … Read the full press release

EIB Commits $350 Million to Boost Private Sector Growth in North Africa

(IN BRIEF) The European Investment Bank (EIB) has pledged support for a new $350 million regional private sector investment fund managed by SPE Capital, focusing on Egypt, Tunisia, and Morocco. Aimed at fostering growth in key sectors like healthcare and … Read the full press release

EBRD, Meridiam, and Hassan Allam Utilities Join Forces to Propel Egypt’s Renewable Energy Agenda

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) collaborates with Meridiam and Hassan Allam Utilities (HAU) to establish HAU Energy BV, a platform aimed at investing in renewable energy projects primarily in Egypt and potentially across Africa. This … Read the full press release

Global Warming Amplifies Risks: UEA-Led Study Warns of Heightened Climate Threats to Developing Countries

(IN BRIEF) A research program led by the University of East Anglia (UEA) has quantified how climate change risks increase at a national scale with rising global temperatures. Focusing on six countries including Brazil, China, Egypt, Ethiopia, Ghana, and India, … Read the full press release

EBRD and Banque du Caire Partner to Empower MSMEs and Women Entrepreneurs in Egypt with US$50 Million Financing Package

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a financing package of US$50 million (€46 million) for Banque du Caire (BDC), a prominent Egyptian bank, aimed at bolstering support for micro, small, and medium-sized enterprises (MSMEs) … Read the full press release

Swiss Banks Boost Financing to Egypt’s Textile Modernization Program to EUR 375 Million

(IN BRIEF) Credit Suisse AG, UBS Switzerland AG, and other Swiss banks have collectively increased their financing commitment to the Cotton, Spinning, Weaving & Garment Holding Co in Cairo, Egypt, to EUR 375 million as part of the country’s textile … Read the full press release

International Consortium Invests $455 Million in Damietta Port’s Container Terminal Expansion in Egypt

(IN BRIEF) An international consortium of institutions is lending vital support to the development of a second container terminal at Damietta Port in Egypt, a project set to triple the port’s container capacity and enhance its competitiveness. The project is … Read the full press release

Hassan Allam Construction and Thales Forge Partnership to Promote Smart Digital Platform in the MENA Region

(IN BRIEF) Hassan Allam Construction, a prominent engineering and investment group in Egypt and the MENA region, is entering into a strategic collaboration with Thales to accelerate the adoption of Thales’s Smart Digital Platform (SDP) in the region. Under this … Read the full press release

Alstom Collaborates with Helwan University’s Faculty of Fine Arts to Envision Egypt’s Future Mobility Through Art

(IN BRIEF) Alstom, a global leader in sustainable mobility solutions, is partnering with the Faculty of Fine Arts at Helwan University as part of its participation in the TransMEA Expo. This innovative collaboration merges artistry and public engagement to imagine … Read the full press release

ANDRITZ to Supply State-of-the-Art Fiber Preparation Line for Sustainable Date Palm Fiber Plant in Egypt

(IN BRIEF) International technology group ANDRITZ is set to deliver a complete fiber preparation line for a groundbreaking greenfield plant in Egypt’s Toshka region. This pioneering facility, supported by ANDRITZ in partnership with WESER Industrie- und Anlagentechnik GmbH and DIEFFENBACHER … Read the full press release

EBRD Provides $20 Million Loan to Boost Egypt’s Agribusiness Sector through Afia International

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering Egypt’s agribusiness sector with a $20 million loan to Afia International, a prominent manufacturer of edible vegetable oils and ghee in the country. This financing will primarily support … Read the full press release

AFRY Selected by EETC for Vital Grid System Study to Support Egypt’s Renewable Energy Expansion

(IN BRIEF) The Egyptian Electricity Transmission Company (EETC) has chosen AFRY to conduct a crucial system study to facilitate the rapid expansion of Egypt’s national transmission grid. The study’s focus is on addressing challenges arising from the increased integration of … Read the full press release

Egyptian DISOUCO Venture Attains Zero Routine Flaring, Led by Wintershall Dea and EGAS

(IN BRIEF) Wintershall Dea, in partnership with the Egyptian Natural Gas Holding Company (EGAS), has achieved zero routine flaring at the DISOUCO Joint Venture in Egypt, becoming the first company in the country to do so. This accomplishment is part … Read the full press release

EBRD Provides US$100 Million Loan to Banque Misr for Small Business Support in Egypt

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a US$100 million loan to Banque Misr in Egypt, aimed at supporting micro, small, and medium-sized enterprises (MSMEs). The funding will enable Banque Misr to expand its operations … Read the full press release

Talgo Delivers Intercity Trains to Egypt Ahead of Schedule for Alexandria-Cairo-Aswan Line

(IN BRIEF) Talgo, a leading train manufacturer, has successfully delivered and put into service the last of six Intercity trains in Egypt, connecting Alexandria with Cairo and Aswan. The delivery was completed over five months ahead of schedule, and the … Read the full press release

EBRD hosts first event of Alliance for Entrepreneurship in Africa to support North African start-ups

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) hosted an event in Cairo to launch the Alliance for Entrepreneurship in Africa. The aim of the Alliance is to promote cooperation between policymakers and stakeholders in the African start-up … Read the full press release

Saint-Gobain expands construction chemicals portfolio with acquisitions in Brazil and Egypt

(PRESS RELEASE) COURBEVOIE, 4-Jan-2023 — /EuropaWire/ — Saint-Gobain (EPA: SGO), a French multinational producer of construction, high-performance, and other materials, has announced that it has completed the acquisition of Matchem in Brazil and is in exclusive negotiations to acquire IDP … Read the full press release

EBRD and Hyundai Rotem to provide certified training in the maintenance of transport infrastructure and rolling stock in Egypt

EBRD and Hyundai Rotem deliver training to 80 young Egyptians Certified training in maintenance of transport infrastructure and rolling stock Programme linked to the EBRD-financed €100 million Cairo Metro Line-II purchase of trains project (PRESS RELEASE) LONDON, 12-Aug-2022 — /EuropaWire/ … Read the full press release

BERS e Hyundai Rotem per fornire formazione certificata nella manutenzione delle infrastrutture di trasporto e del materiale rotabile in Egitto

BERS e Hyundai Rotem offrono formazione a 80 giovani egiziani Formazione certificata in manutenzione di infrastrutture di trasporto e materiale rotabile Programma legato al progetto di acquisto di treni della linea II della metropolitana del Cairo, finanziato dalla BERS, da … Read the full press release

ADNOC Distribution, UAE’s leading fuel distributor, to acquire a 50 percent stake in TotalEnergies Marketing Egypt LLC for $200 million

(PRESS RELEASE) CAIRO, 29-Jul-2022 — /EuropaWire/ — TotalEnergies (EPA:TTE), a global multi-energy company with over 100,000 employees and presence in more than 130 countries as well as the world’s 3rd-largest low-carbon LNG company, has announced the sale of 50 percent … Read the full press release

ADNOC Distribution, il principale distributore di carburante degli Emirati Arabi Uniti, acquisirà una partecipazione del 50% in TotalEnergies Marketing Egypt LLC per 200 milioni di dollari

(COMUNICATO STAMPA) CAIRO, 29-Jul-2022 — /EuropaWire/ — TotalEnergies (EPA:TTE), un’azienda multi-energy globale con oltre 100.000 dipendenti e presenza in oltre 130 paesi, nonché la terza azienda mondiale di GNL a basse emissioni di carbonio, ha annunciato la vendita del 50% … Read the full press release

EBRD to support Egypt’s renewable energy sector by investing in the green bond issuance of Norwegian solar power producer Scatec ASA

EBRD investment of up to US$ 100 million in a certified green bond issuance in favour of Scatec ASA US$ 30 million Credit Enhancement Facility First private green project bond issuance in Egypt and the SEMED region (PRESS RELEASE) LONDON, … Read the full press release

EBWE wird Ägyptens Sektor für erneuerbare Energien unterstützen, indem sie in die Emission grüner Anleihen des norwegischen Solarstromproduzenten Scatec ASA investiert

EBWE-Investition von bis zu 100 Millionen US-Dollar in eine zertifizierte Green-Bond-Emission zugunsten von Scatec ASA Kreditverbesserungsfazilität in Höhe von 30 Millionen US-Dollar Emission der ersten privaten grünen Projektanleihe in Ägypten und der SEMED-Region (PRESSEMITTEILUNG) LONDON, 28-Apr-2022 — /EuropaWire/ — Die … Read the full press release

Vodafone and its African subsidiaries mark the 15th anniversary of M-Pesa, Africa’s largest fintech provider

Launched on 6 March 2007, originally as an idea part-funded by the UK Department for International Development in partnership with Vodafone, M-Pesa – Africa’s first mobile payments service – has been a major driver of financial inclusion, and now has … Read the full press release

DNV to support Egypt in its energy transition and decarbonization ahead of COP 27 which will be held in the country this November

(PRESS RELEASE) CAIRO, 24-Feb-2022 — /EuropaWire/ — DNV, the independent energy expert and assurance provider, has announced it signed a memorandum of understanding (MOU) with the Egyptian Natural Gas Holding Company (EGAS) for the development of a supporting hub to … Read the full press release

EBRD to invest in bus-hailing startup Swvl, soon to be the first technology unicorn from Middle East to be listed on NASDAQ

Bank agrees to invest US$ 10 million in bus-hailing company Swvl to support its expansion EBRD and Swvl to advance safety for women on public transport  in Egypt Company expected to list on NASDAQ, with a valuation of around US$ … Read the full press release

Alstom lands EUR 876 million French Gov funded contract for the upgrade of Cairo Metro Line 1 in Egypt

An 876 million euro[1] contract by National Authority for Tunnels, for Cairo Line 1 upgrades 55 Metropolis trains: brings state-of-the-art technology and 8-year maintenance programme (PRESS RELEASE) SAINT-OUEN, 8-Nov-2021 — /EuropaWire/ — Alstom (EPA: ALO), a French multinational rolling stock manufacturer, … Read the full press release

TRANSMAR AND TRANSMETRICS SIGN DEAL FOR STATE-OF-THE-ART LOGISTICS COLLABORATION

Big Data and Artificial Intelligence help to significantly boost efficiency for Egyptian shipping company (PRESS RELEASE) CAIRO, Egypt / AMSTERDAM, The Netherlands, 31-Mar-2021 — /EuropaWire/ — The ‘AI platform for logistics’, as Transmetrics is often referred to, is successfully streamlining operations … Read the full press release

“Building Healthy Relationships and Enhancing Gender Equality”: Young women from Cyprus, Egypt, Lebanon and Jordan come together

Building Healthy Relationships and Enhancing Gender Equality

(PRESS RELEASE) NICOSIA, 26-Mar-2021 — /EuropaWire/ — Young women from Cyprus, Egypt, Lebanon and Jordan came together in the online seminar “Building healthy relationships and enhancing gender equality” to discuss gender norms and explore tangible implications of human, gender, and … Read the full press release

DHL facilitates the transport of the largest order of rolling stock in the history of Hungary

DHL will manage the end-to-end transport of the coaches, each weighing 48 tons and measuring 24.5 metres in length. DHL Industrial Projects supports Dunakeszi Járműjavító Kft, owned by TMH International AG and Magyar Vagon Zrt, with the transport of passenger … Read the full press release

Development options to be explored at Bashrush discovery in North El Hammad concession following successful well testing

(PRESS RELEASE) MILAN, 28-Jul-2020 — /EuropaWire/ — Italian multinational oil and gas company, Eni together with its partners bp and Total have successfully tested the well drilled on the prospect called Bashrush, in the North El Hammad concession, in the … Read the full press release

Eni: Mubadala Petroleum and BP entry into Nour North Sinai Offshore concession approved by the Egyptian Government

Egyptian Government approval for the sale of a 20% interest to Mubadala Petroleum and a 25% interest to BP out of Eni’s share in the Nour North Sinai Offshore exploratory concession has been granted. The approval follows the signing of … Read the full press release

EBRD provides US$ 7 million loan to Obour Land’s new greenfield dairy farm in Egypt

EBRD US$ 7 million for Obour Land’s new greenfield dairy farm Investment to increase dairy production and exports Implementation of latest technology for dairy milking operations LONDON, 20-Nov-2018 — /EuropaWire/ — Fostering the Egyptian dairy sector, the EBRD is providing a US$ 7 … Read the full press release

Siemens signs new agreements with African partners on power supply, industrialization, mobility and vocational training in Togo, Egypt and Rwanda

Highly efficient gas-fired combined cycle plant project in Lomé, Togo Siemens collaborates with the Government of the Arab Republic of Egypt on industrialization, education and training Siemens, Volkswagen (VW) and the German Development Agency for International Cooperation (GIZ) collaborating on … Read the full press release

KfW loans EUR 300 million for new barrage across the Nile in Asyut

EUR 300 million provided to safeguard irrigation farming Project secures source of income for 5 million Egyptians Hydropower plant enables climate-friendly power generation Frankfurt am Main, 16-Aug-2018 — /EuropaWire/ — Today (2018-08-13), Egyptian President Abdel Fattah al-Sisi inaugurated a barrage across … Read the full press release

Eni receives new offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea

Eni granted new exploration license named “Nour” located in the prolific East Nile Delta Basin of the Mediterranean Sea in Egypt San Donato Milanese (Milan), 15-Aug-2018 — /EuropaWire/ — Eni announces that a new Concession Agreement, aimed at governing an offshore … Read the full press release

Eni announces new and extended Concession Agreements in Egypt

A new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease, where the Nooros field is located, and a five-year extension of the Ras Qattara Concession Agreement approved. San Donato Milanese (Milan), 15-Aug-2018 — … Read the full press release

Siemens: Completion of the Egypt Megaproject in record time; transforming the power landscape in Egypt

Plants add up to 14.4 GW capacity to Egypt’s national grid Enough power to meet the electricity needs of up to 40 million people Helping the country save over $1 billion annually on fuel costs CAIRO, Egypt, 26-Jul-2018 — /EuropaWire/ … Read the full press release