The deals were inked in the presence of Minister of Petroleum and Mineral Resources Tarek El Molla as part of his ministry's efforts to boost the oil and gas industry and enhance its carbon-cutting capabilities and environmental sustainability, while capitalizing on the expertise and practices of relevant global companies.
Earlier Tuesday, the house okayed presidential decree No. 109 of 2022 approving a 360-million-dollar loan agreement between Egypt and the Asian Infrastructure Investment Bank (AIIB).
“The deals are expected to provide a financing package worth 1.7 billion Euros, 776 million Euros from the French government and 990 million Euros from the French Development Agency, to fund projects in the fields of transport, housing, electricity, education, and wholesale markets,” state-owned news agency MENA reported.
According to the report, Egypt recorded the largest number of deals, accounting for 37 percent of the total deals in the region, Saudi 24 reported.
The meeting was held on the sidelines of the 90th session of the Arab Labor Organization (ALO) board of directors in Cairo.
EU regulators have expressed concern about a plan by Facebook and WhatsApp to begin sharing users’ phone numbers and other data.
The United States has proposed tariffs on $50 billion of Chinese goods under its so-called "Section 301" intellectual property probe.
Online gambling company GVC is gearing up for a wave of potential deals in the British gaming industry by selling its Turkey-related operations to Ropso Malta.
“I would like to thank President Sisi and the Egyptian Armed Forces for playing a crucial role in that issue,” French president said.
Egyptian Minister of Investment and International Cooperation Sahar Nasr on Friday inked seven deals with the Armenian side in the sectors of investment.