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Egypt set to host Sun City, Russia’s unprecedented industrial hub

Egyptian Minister of Investment and Foreign Trade, Hassan al-Khatib, and Russian Minister of Industry and Trade, Anton Alikhanov, witnessed the signing of the usufruct contract for the Russian Industrial Zone in the Suez Canal Economic Zone. The establishment of the Russian Industrial Zone in Egypt marks a unique undertaking, being Russia’s first such venture in …

The post Egypt set to host Sun City, Russia’s unprecedented industrial hub appeared first on Egypt Independent.

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Spike in Russian flights from Syria to Libyan desert base as Moscow eyes new Mediterranean hub

CNN  —  In the weeks since Bashar al-Assad was ousted as Syrian leader, Russia has launched multiple flights to an airbase in the Libyan desert. Moscow’s goal appears to be to find an alternative stopover for its growing military involvement in Africa – and a way to retain its military presence in the Mediterranean. For …

The post Spike in Russian flights from Syria to Libyan desert base as Moscow eyes new Mediterranean hub appeared first on Egypt Independent.

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Egypt to become regional petroleum hub with UAE in partnership worth $3 billion

Egyptian Prime Minister Mostafa Madbouly has presided over the signing ceremony of a Memorandum of Understanding at the New Alamein City government headquarters to become a regional petroleum hub with the UAE. This landmark agreement between Egypt and the UAE aims to replicate the successful integrated petroleum system of Fujairah at Hamra Port, located on …

The post Egypt to become regional petroleum hub with UAE in partnership worth $3 billion appeared first on Egypt Independent.

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