European Investment Bank appoints Alfredo Abad as head of Cairo office to strengthen engagement with Egyptian partners

European Investment Bank appoints Alfredo Abad as head of Cairo office to strengthen engagement with Egyptian partners

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EGYPT — The European Investment Bank (EIB) has appointed Alfredo Abad as the bank’s head of the Cairo office to strengthen engagement with Egyptian partners. EIB Vice President, Dario Scannapieco, while commenting on the appointment said that the Bank was delighted to…

South Sudan partners with Egypt to develop downstream oil and gas sector

South Sudan partners with Egypt to develop downstream oil and gas sector

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SOUTH SUDAN – South Sudan and Egypt have signed a Memorandum of Understanding that would enhance cooperation between the two countries in the field of downstream oil and gas, during the 2019 South Sudan Oil & Power Conference. This agreement for cooperation…

German business delegation visits Egypt, promises to open AHK office in Cairo

German business delegation visits Egypt, promises to open AHK office in Cairo

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EGYPT – A delegation of the German-Arab Chamber of Industry and Commerce (AHK) and the Bavarian Ministry of Economic Affairs, Regional Development and Energy has announced plans to open a business representation office in Cairo in 2020 in Cairo. The office, according…

On-demand delivery startup Glovo to invest US$5.5m in ambitious drive to acquire 50% of Egypt’s online delivery Market

On-demand delivery startup Glovo to invest US$5.5m in ambitious drive to acquire 50% of Egypt’s online delivery Market

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EGYPT – Spanish startup Glovo that offers on-demand delivery services has revealed that it is going to invest US$5.5 million in the coming 18 months in its expansion strategy. The company, according to an executive at the Egyptian subsidiary, is targeting 50%…