Ascott Secures 25 New Properties Globally Despite Pandemic

CapitaLand’s wholly-owned lodging subsidiary The Ascott Limited has secured contracts for 25 new properties that contribute over 5,400 units across 19 cities around the world, amid the COVID-19 headwinds.

Egypt, China to Build EGP 303 mn Substation in Madinaty II

The Egyptian Electricity Transmission Company (EETC) has partnered with a Chinese consortium to build a substation in Madinaty II, east Cairo, at costs estimated at EGP 303 mn.

CSCEC Provides Egypt With Medical Aids Amid COVID-19

Yu Tao, CEO of China State Construction Engineering Corporation (CSCEC), has announced that his company provided the Egyptian government with several medical aids and equipment,

EU Applies Tariffs on Glass Fiber from China, Egypt  

The European Union (EU) will apply tariffs of up to 99.7% on glass fiber producers in China and Egypt for selling at unfairly low prices

NAC’s First Skyscraper Skeleton Construction Finished

Construction skeleton of the 'CO3' skyscraper, the first skyscraper at the Central Business District at the New Administrative Capital, is finished

US-China Deal Draws USD 490 mn Foreign Inflows to Egypt

The US-China trade agreement has contributed to the extension of USD 490 mn (EGP 7.85 bn) worth of foreign investments to Egypt in a single day.

CBE Says Egypt’s Foreign Trade Exchange Rose 11.3% in H1 2019

The Central Bank of Egypt (CBE) said on May 23 the volume of Egypt's foreign trade exchange recorded EGP 47.7 bn in the first half of FY 2018/19 versus EGP 42.85 bn in the year-ago period

Sisi Approves EGP 11.415 mn Deal with China for Railway Project

Egyptian President Abdel Fattah El Sisi issued on May 9 a decree approving a framework agreement with China, under which Beijing will offer a soft loan not exceeding CNY 4.604 mn yuan (around EGP 11.415 mn) to Cai ...

Lafarge Egypt Chosen Cement Supplier to CSCEC’s Projects in NAC

Lafarge Egypt, a member of LafargeHolcim Group, has been chosen by the China State Construction Engineering Corporation (CSCEC) to be the sole cement supplier for the latter's projects being implemented at the Cen ...

China’s CFLD Plans to Invest USD 20 bn in Egypt Halted: Officials

Officials in charge of delivering a USD 20 bn development in the New Administrative Capital (NAC) said two years of talks with China Fortune Land Development (CFLD) have halted following financial disagreements be ...

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