Latest in Tag: saudi arabia Highlight
Latest in Tag: saudi arabia
Saudi Arabia to give Egypt up to $4bn more aid
Reuters – Saudi Arabia is expected to give Egypt up to $4bn in additional aid in the form of central bank deposits and petroleum products, state-run Egyptian newspaper Al Ahram reported on Thursday. Citing an unnamed ministerial source, the newspaper said the package would be worked out during a visit next week to the kingdom by Egypt’s interim prime …
Dubai retailer Al Futtaim to invest $2.3bn in Egypt
The investment plan is positive for Egypt’s army-backed government, which is trying to attract foreign money back to the country and create jobs to ease social discontent as it manages a difficult transition to elections this year.
Most Middle East markets gained on Tuesday
Saudi Telecom lifts index with strong Q4 earnings
Saudi rejects Iran’s participation in Syria talks
Iran, a key backer of Syrian President Bashar Al-Assad and Saudi Arabia’s regional arch foe, said Monday that it will attend the peace talks but without preconditions.
Canadian firm to lead Egyptian-Saudi electricity linkage project
The firm will review the project’s terms of reference and choose its contractors
Egyptian governorates to be surveyed for investment opportunities to present at Jeddah
Investment opportunities in Egyptian governorates will increase Saudi investment and promote sustainable development, says President of the Federation of Egyptian Chambers of Commerce (FEDCOC).
Egypt’s mafia fund
By Farah Halime A private equity fund launched by Gamal Mubarak managed to reel in millions of dollars of investment from Egypt’s elite, revealing the depths to which political and business connections ran as he began rising in stature in the late 1990s. According to a document obtained by Rebel Economy, Gamal Mubarak’s $54m Horus I Fund, …
Musharraf treason court to consider medical report
The court adjourned the hearing until Wednesday to allow time to assess the doctors’ report and said defence and prosecution teams would receive copies.
Qatar signs aid deal worth $1.25bn for Morocco
Morocco is under heavy pressure from international lenders to reduce its budget deficit after spending heavily on food and energy subsidies and higher public sector salaries in 2011 and 2012 to help defuse social tensions.
Hollande in Saudi to talk commerce, regional politics
Hollande will hold talks with Saudi King Abdullah, but will also meet former Lebanese premier Saad Hariri and Syrian opposition leader Ahmed Jarba in the kingdom, said a member of his entourage.
Egyptian-Saudi Businessmen Association to launch on Sunday
Ministers of Investment, Industry and Foreign Trade, Housing, International Cooperation and Manpower will attend the inauguration ceremony
Egypt’s secret Swiss bank
By Farah Halime Nestled in the heart of downtown Cairo is the opulent headquarters of Arab International Bank, a secretive bank that has allowed kleptocrats to funnel money out of the country for decades with barely any regulatory oversight. The bank, established in 1974 by a treaty signed by Egypt, Libya, Qatar, Oman and the UAE, is exempt …
El-Beblawi meets with Saudi Investor Abd Al-Rahman Al-Sharbatly
Interim prime minister states that Egypt is committed to protecting Arab and foreign investments.
Five international firms offer consulting for Egyptian-Saudi electricity linkage project
Consultative works include reviewing the project’s manual for execution tenders in addition to technical support
Egypt, Saudi Arabia stress importance of coordination
Foreign Minister discusses regional issues with his Saudi counterpart
Egypt-Saudi Arabia electricity interconnection project tendered in five international bids: Ministry of Electricity
Deadline for consultants offers’ extended to the 30 November
Egypt and Saudi Arabia commence naval exercises
The two navies are taking part in joint drills in the Red Sea
Export council proposes permanent trade exhibition in Saudi Arabia
Head of Egyptian Trade office in Jeddah says exports to Saudi Arabia for 10 months reached EGP 11.8bn,up 19% year on year
Saudi Arabia looking to provide Egypt with $1.45bn assistance package
The Saudi programme includes a $200m grant to fund small and medium enterprises, aimed at job creation and widening social solidarity.
Six shells fall near Saudi Arabia border post close to Iraq, Kuwait
Saudi Arabia says six mortar shells fell in an uninhabited area near the new al-Auja border guard centre of Hafr al-Batin, but caused no damage
Jordan Seeks U.N. Security Council Seat After Saudi Rejection
Jordan, which closely follows regional heavyweight Saudi Arabia on most foreign policy issues, wants to raise its international profile and win more recognition of its role in accommodating Syrian refugees, the officials said.
Ethiopians back from Saudi recall beatings, robbery, jail
According to Ethiopian officials, three of their nationals were killed this month in clashes with Saudi police as the clampdown — set in motion after a seven-month amnesty period expired — got under way.
New roadmap for Egyptian-Saudi economic relations under development: Abdel Nour
Plan aimed at raising levels of bilateral trade between both countries
TPG, Abraaj team up against KKR for Saudi fast-food chain
Riyadh-based Kudu, which operates more than 200 restaurants in the kingdom, is owned by four individual shareholders, including chairman and chief executive Abdulmohsen Bin Abdulaziz Al Yahya
Kerry and Al-Faisal agree to help Egypt’s ‘economic transformation’
Anti-Coup Alliance figure condemns Kerry’s “restoring democracy” comment and US policy
Philippines checking on reports of abuse in Saudi crackdown
Del Rosario said there were believed to be 660,000 Filipinos working in Saudi Arabia although it remained unclear how many were illegals.
OPEC oil output hits 2-year low in October
OPEC’s supply averages 29.90 million barrels per day, down from a revised 30.01 million bpd in September
Mansour in Kuwait, ahead of UAE visit
This is the interim president’s second regional tour; both tours come within a month
Mansour to start second overseas tour
The interim president will travel to Kuwait and the United Arab Emirates
Ministry of Electricity calls for international tenders for Egyptian-Saudi linkage project
The minister said that he expects to send the list of references to 10 international consulting firms and to receive their technical and financial proposals in order to select the most favourable one.