Siemens plans to boost the capacity of the Egyptian national electricity grid by 3,200MW through its Beni Suef plant, the New Administrative Capital plant, and Burullus power plants.
Shell Lubricants Company renewed its partnership with Ghabbour Auto, thus shell will still be the main supplier of engine oils in the service centers of brands associated with Ghabbour Auto.
National Bank of Kuwait (NBK) has sued both National Gas Egypt and the Egyptian Natural Gas Holding Company (EGAS) before the Economic Court for the delayed repayment of a EGP 75m loan.
Egyptian Minister of Investment, Dalia Khorshid, witnessed the signing of a loan with BNP Paribas worth $650m for the development of two power stations in Assuit and west Damietta.