Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

UAE and Egypt to boost investment and cooperation

The two countries also mulled over cooperation in energy sector
  • This includes traditional and renewable energy, advanced industries, infrastructure, tourism, agriculture
  • The two discussed on wind and solar energy, and finding opportunities for sustainable joint investments

UAE’s Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber reviewed bilateral relations with Mostafa Madbouly, Prime Minister of Egypt.

The two discussed investment opportunities and joint cooperation in areas that would further strengthen their relations.

This includes traditional and renewable energy, advanced industries, infrastructure, tourism, agriculture, and other promising areas.

It would contribute to achieving sustainable economic growth, said Al Jaber.

Al Jaber also discussed business progress and the latest developments of the joint strategic investment fund with Hala Elsaid, Egypt’s Minister of Planning and Economic Development.

Lastly, he met with Mohamed Shaker, Minister of Electricity and Renewable Energy, to review opportunities for cooperation in the field of energy and renewable energy.

The meeting also covered discussions on wind and solar energy, and finding opportunities for sustainable joint investments.