FCC unit wins $320m Egypt wastewater plant deal
FCC Aqualia, a leading water management company based in Europe, said it has been awarded a $320-million, contract to design, build and operate the...
Amazon to buy Middle Eastern online retailer Souq.com
Amazon.com Inc has agreed in principle to buy Dubai-based internet retailer Souq.com, one of the best-known names in the Middle East's online shopping market,...
Emaar to offer 30% of its real estate development business in Dubai
Emaar Properties, the builder of the world's tallest tower, plans to offer up to 30 percent of its United Arab Emirates real estate development...
Warba Bank discusses issuing Islamic facilities at $200m
Warba Bank is holding talks with other banks to enter the loans market through issuing a 3-year Islamic facility worth $200 million.
The bank aims...
UAE’s SHUAA Capital brokerage firm eyes Business in Egypt
Dubai, SHUAA Capital, the United Arab Emirates-based integrated financial services firm, has announced that it has formally begun discussions with Egyptian regulators for reintroducing its...
EGPC seals oil exploration deals worth $79m with Apache Corporation
The Egyptian General Petroleum Corporation (EGPC) has sealed three deals with Merlon International and Apache Corporation to explore for oil and gas in Egypt's...
Saudi Aramco buys $7 billion stake in Petronas’ RAPID refinery project
Saudi oil giant Aramco IPO-ARMO.SE is buying an equity stake in Malaysian firm Petronas' major refining and petrochemicals project in the southeast Asian country,...
Morocco’s Attijariwafa buys Barclays Bank Egypt
Attijariwafa Bank (the leading bank in Morocco and part of king Mohammed VI's holding company the SNI) is set to acquire all of Barclays...
Siemens wins UK wind power plant order
Siemens has clinched a major order from Dong Energy to construct an offshore wind power plant with a capacity of 580 MW in Britain.
As...
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Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...
El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez
Minister of Petroleum and Mineral Resources Eng. Tarek El Molla and ADES Drilling Company CEO Mohamed Farouk have witnessed the signing of...