International Agreements

The Egyptian Minister of Investment and International Cooperation, Sahar Nasr - (Photo Archive)
23 April 05:48 PM Egypt spent $700m from the IFC portfolio
Cairo - Mubasher: The Egyptian minister of investment and international cooperation said that Egypt has used $700 million between 2015 and April 2017, as part of the cooperation portfolio with the International Finance Corporation (IFC). Sahar …
Photo Credit: Arabianeye-Reuters
22 April 05:04 PM Pakistani investors to visit Egypt Sunday
Cairo - Mubasher: The Egyptian Businessmen Association (EBA) said that a delegation of 33 Pakistani companies will be visiting Egypt on Sunday to discuss bilateral trade and investment opportunities. The chairman of the association’s board, Ali …
Photo Credit: Press Release
22 April 11:55 AM GE plans long-term investments in Egypt
Cairo - Mubasher: The vice chairman of General Electric (GE) said that his company is planning a long-term investment strategy in Egypt, stressing the importance of the Egyptian market and the promising opportunities it is offering. According to a …
(Photo archive)
20 April 02:49 PM Petroleum producers may be forced to extend output cut – Al-Falih
By: Amr Adel Abu Dhabi – Mubasher: Petroleum producing countries would be obliged to extend the output cut deal, the Saudi energy minister said at the 3rd GCC Petroleum Media Forum. Khalid Al-Falih added that there is a rising consensus concerning …
Photo Credit: Arabianeye-Reuters
17 April 09:08 PM UAEIIC seeks to solve Emirati firms' problems in India
Abu Dhabi – Mubasher: The secretary general of the UAE International Investors Council (UAEIIC) revealed that the council is exerting efforts to help resolving the issues faced by Emirati firms, Etisalat, Emaar, DP World, and Sharaf Group in …
Photo Credit: Arabianeye-Reuters
12 April 07:53 PM PBDAC restarts loan talks with World Bank
By: Islam Fadl Cairo - Mubasher: The chairman of the Principal Bank for Development and Agriculture Credit (PBDAC) said that the bank has renewed negotiations with the World Bank (WB) to obtain a loan of $500 million after reconciliation. El-Sayed …
The International Monetary Fund - (Photo Credit: Arabianeye-Reuters)
10 April 05:36 PM Trade's role in economic growth weakened in 21st century - Report
Mubasher: The role of trade in the global economy is at a critical juncture due to the slowing reforms in the last 17 years, according to a joint report published on Monday by the International Monetary Fund (IMF), the World Bank, and the World …
(Photo Credit: Arabianeye - Reuters)
9 April 06:37 PM US approves possible $319m Kuwait airbase deal
Mubasher: The US state department has approved possibly providing Kuwait with design, procurement, and construction services for the latter’s Al Mubarak Airbase, the Defense Security Cooperation Agency (DSCA) announced. The deal – which will …
Photo Credit: Arabianeye-Reuters
9 April 02:33 PM Suez Canal, Toyota discuss new vehicle port
Cairo - Mubasher: The chairman of the General Authority of the Suez Canal Economic Zone held on Sunday the first meeting in the final stages of negotiations with Toyota’s international alliance to establish a harbour for car trading in East Port …
oil
6 April 11:32 AM Kuwait, Egypt renews oil deal
Cairo – Decypha: The Egyptian General Petroleum Corporation (EGPC) has signed on 5 April a three-year contract renewal with Kuwait Petroleum Corporation (KPC) to supply crude and petroleum products. The supplies involved 1.5 million tonnes of …
(Press release photo)
5 April 02:47 PM Aramco signs 230 contracts worth SAR 60bn with UK suppliers
Riyadh – Mubasher: Saudi Aramco has signed 230 contracts with UK suppliers worth more than SAR 60 billion for various goods and services, the company’s vice president of procurement and supply chain management, Abdulaziz Abdulkarim, said on …
(Photo Credit: Arabianeye-Reuters)
5 April 10:09 AM UK Prime Minister visits Tadawul
Riyadh – Mubbasher: The United Kingdom’s Prime Minister Theresa May visited the Saudi Stock Exchange (Tadawul) on Tuesday, accompanied by the CEO of the London Stock Exchange (LSE), Xavier Rolet. The visit comes within the framework of deepening …
(Photo Credit: Arabianeye-Reuters)
4 April 05:37 PM Egypt military’s NSPO acquires Kadco Egypt - Paper
Riyadh – Mubasher: The National Service Project Organisation (NSPO) signed a contract to buy Kingdom Agricultural Development (Kadco) shares for EGP 1.25 million ($70,000), according to a local Egyptian newspaper. The deal was secretly signed in …
The Egyptian President, Abdelfattah El-Sisi - (Photo Credit: Arabianeye-Reuters)
1 April 06:17 PM El-Sisi to meet with Lagarde, Jim Yong Kim in US
Cairo - Mubasher: The President of Egypt, Abdel Fattah El-Sisi, will meet with the chairman of the World Bank, Jim Yong Kim, as well as the managing director of the International Monetary Fund (IMF), Christine Lagarde. According to an official …
Photo Credit: Arabianeye-Reuters
29 March 06:46 PM Oman oil up 38 cents Wednesday
Mubasher: The price of Oman oil futures for May delivery increased by 38 cents per barrel, according to the data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $50.76 per barrel (pb) on Wednesday, compared to …
Photo Credit: Arabianeye-Reuters
29 March 05:06 PM Egypt to pay 50% of oil companies debt within weeks - Agency
Cairo - Mubasher: The Egyptian minister of petroleum and mineral resources, Tarek El-Molla, said on Wednesday that Egypt is expecting to lower delayed payments for foreign companies by 50%, totalling $3.5 billion in the upcoming weeks. “We have …
Photo Credit: Arabianeye-Reuters
28 March 10:00 PM Egypt moves further away from IMF targets - Analysts
Cairo - Mubasher: The recent remarks by the Egyptian minister of petroleum have sparked wide controversy, after he noted that Egypt will not abolish fuel subsidies, but will instead reduce it in the upcoming three years. The minister said that the …
(Photo Credit: Press Release)
23 March 06:19 PM Egypt-Lebanon sign 17 agreements
Cairo – Mubasher: The Egyptian-Lebanese Higher Committee signed 17 agreements to promote joint cooperation in the fields of small- and medium-sized enterprises (SMEs) and consumer protection, as well as experience exchange in several fields, …
The loan is part of the 2015-2019 strategic partnership between Egypt and the World Bank - (Photo Credit: Press Release)
22 March 01:57 PM Egypt negotiates $1 billion tranche of World Bank loan
Cairo - Mubasher: The Egyptian minister of investment and international cooperation said she is currently negotiating the third tranche of the $3 billion loan with the World Bank, with a value of $1 billion. Sahar Nasr added in a statement on …
Photo Credit: Press Release
21 March 08:49 PM Gemini to launch AED 300m Dubai project in Abad-Jang
Dubai - Mubasher: Gemini Property will present its AED 300 million project in Dubai, Gemini Splendor, during the Abad-Jang Expo 2017 in Pakistan, according to Dome Exhibitions. The project is the first of its kind in Dubai’s Sobha Hartland, as per …
Photo Credit: Press Release
20 March 12:27 AM Aramco ready to raise investments in China
Riyadh - Mubasher: The CEO of Saudi Aramco, Amin Nasser, said on Sunday that his company is ready to double its investments in China, especially in the fields of oil refinery, processing, and marketing. The Saudi 2030 vision and the Chinese One …
Photo Credit: Arabianeye-Reuters
19 March 08:40 PM Egypt receives two oil shipments from Saudi Aramco
By: Ahmed Allam Cairo - Mubasher: The Egyptian minister of petroleum and mineral resources announced on Sunday that Egypt has received two diesel shipments from Saudi Aramco on Friday and Saturday. The minister's remarks were made on the sidelines …
(Photo credit: Arabianeye - Reuters)
17 March 07:46 PM Aramco to resume oil supply to Egypt
Cairo – Mubasher: Egypt's Petroleum Ministry announced in Wednesday an agreement with Saudi Aramco to resume oil shipments after stoppage for several months. Egyptian General Petroleum Corporation (EGPC) signed a deal with Aramco to receive …
(Photo archive)
17 March 06:52 PM Egypt's investment ministry, KFAED ink $65m deals
Cairo – Mubasher: Egypt's Ministry of Investment and International Cooperation and the Kuwait Fund for Arab Economic Development (KFAED) signed two agreements worth $65 million. The two deals include a KWD 18.5 million loan ($64.6 million) to …
(Photo credit: Arabianeye - Reuters)
17 March 01:06 PM KSA to run SAR 2bn projects in Bahrain
Riyadh – Mubasher: Saudi Ambassador to Bahrain Abdullah bin Abdulmalik Al Shaikh said that the two countries will sign nine agreements worth SAR 2 billion ($533 million) on Saturday. The deals will be to carryout projects cover various sectors …