International Agreements

Cairo - Mubasher: Global leader in the digitalisation of industrial automation and energy management, Schneider Electric, has signed a partnership contract with the Industrial Services Center (DATCO) to distribute its products. The new partnership …

Cairo – Mubasher: Egypt's Finance Minister, Mohamed Maait, said his country hopes to obtain the first tranche of the International Monetary Fund (IMF) loan valued at $750 million this month. During a recent press conference, the minister added the …

Cairo - Mubasher: US-based 500 Global is partnering with the Egyptian IT Industry Development Agency (ITIDA) to launch a range of investment and startup-focused support programmes. 500 Global, one of the world’s most active venture capital (VC) …

Cairo – Mubasher: The Egyptian cabinet has approved a draft decision regarding a financing agreement worth $271 million between Egypt and the African Development Bank (ADF) for a programme to support food security and economic resilience.  This …

Cairo – Mubasher: The Egyptian cabinet has approved a draft decision to set up a private free zone under the name of “Yazaki Egypt for Electrical Systems” on an area of 67 square metres in Fayoum governorate. The free zone specialises in …

Cairo – Mubasher: Pfizer Egypt for Pharmaceutical and Biopharmaceuticals has shared the company's latest business update for 2022 and its strategy in Egypt in the coming years, unveiling its commitment to growing its presence in the Egyptian …

Cairo - Mubasher: BMW Group announced the appointment of Global Auto Group as the new importer of BMW and MINI in Egypt, according to a press release on Wednesday. Global Auto Group has also acquired Bavarian Auto Group, the former importer of …

Cairo – Mubasher: Egypt’s Finance Minister, Mohamed Maait, said the performance of his country’s economy is good despite the difficult global challenges, according to a statement on Tuesday.    During fiscal year (FY) ended 30 June 2022, the …

Mubasher: Dubai-based Bioventure, Minapharm Pharmaceuticals, and MiGenTra GmbH have signed an exclusive licence agreement for the commercialisation of multiple biosimilar candidates developed and manufactured by Alvotech, in Egypt and eighteen …

Cairo – Mubasher: Egypt’s Minister of Petroleum and Mineral Resources, Tarek El-Molla, said on Sunday that his country represents one of the available solutions to meet the demand for natural gas in European markets.  Last year, the Arab world’s …

Mubasher: The Arab Brazilian Chamber of Commerce (ABCC) has announced an annual increase of 25.71% in Brazilian exports to the Arab countries during the first ten months (10M) of 2022 at $14.47 billion from $11.51 billion. Brazilian exports to the …

Cairo – Mubasher: Egyptians for Housing and Development Co has signed a five-year leasing contract with Huawei Technologies (Egypt) for a fully-finished one-and-a-half floor spanning 3,420 square meters.   The rental value will hike by 8% annually …

Cairo – Mubasher: Egypt’s President Abdel Fattah El-Sisi has issued a presidential decree approving a EUR 776.90 million loan agreement with France, the Middle East News Agency (MENA) reported. The agreement was signed between the Egyptian …

Cairo – Mubasher: Meta and Telecom Egypt announced the first landing of the 2Africa subsea cable in Egypt at Ras Ghareb in the Red Sea, as part of the 2Africa consortium. The Ras Ghareb landing is one of several taking place in the coming months …

Dubai – Mubasher: Marriott International has signed a deal with RDK Tourism Investment to open four properties in the UAE. The signings are predicted to further enhance the company’s footprint in Abu Dhabi and Dubai with the addition of more than …

Riyadh – Mubasher: Dar Al Arkan Global Company, a subsidiary of Dar Alarkan Real Estate Development Company, has inked an agreement with the Trump Organization on 16 November 2022. Under the deal, the Saudi company will develop Trump residential …

Cairo – Mubasher: Integrated Renewable and Sustainable Communities (IRSC) has been chosen to equip Sharm El-Sheikh International Airport for the groundbreaking 2022 United Nations Climate Change Conference (COP27). IRSC is set to transform the …

Cairo – Mubasher: The Egyptian government has awarded the contract to operate the country's first high-speed rail network to Elsewedy Electric and the German Deutsche Bahn International Operation (DB IO) which has an initial term of 15 years. The …

Cairo – Mubasher: Global Pioneer has injected EGP 3 billion worth of investments to construct a number of projects in Egypt's New Administrative Capital (NAC) and Sheikh Zayed City.      The company has entered into a partnership with IWG plc, a …

Dubai – Mubasher: Odoo, an open-source ERP system, signed a memorandum of understanding (MoU) with the Saudi Arabian Oil Company (Aramco) to supercharge growth for Small and Medium-sized Enterprises (SMEs) in Saudi Arabia. This strategic …

Cairo – Mubasher: Tetra Pak signed an agreement with Uniboard to cooperate with the objective to recycle used beverage cartons (UBC) in Egypt, with a total joint project value of over EUR 2.50 million. This is an industry-first joint initiative …

Cairo – Mubasher: Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries (MHI), inked a long-term service agreement (LTSA) with Damietta LNG (DLNG), a leading producer and exporter of liquid natural gas (LNG) in Egypt. The …

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and IBM announced preliminary plans for a strategic collaboration to establish an Innovation Hub in Riyadh city. The collaboration aims to support high-tech driven economic growth in Saudi …