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Basata raises stake in MadfoatCom to 25% in partnership with Jordanian banks

Basata Holding for Financial Payments S.A.E has strengthened its presence in Jordan by increasing its stake in MadfoatCom, the country’s leading electronic payment provider, to 25%.

Updated 2/24/2025 1:31:00 AM
Infinity, MEH partner to launch nationwide EV charging network in Jordan

Infinity, Egypt's leading EV charging provider, has signed a major partnership with Middle East Holding (MEH), a public company on the Amman Stock Exchange.

Updated 12/15/2024 2:49:00 AM
Egypt considers exporting electricity to Syria via Jordan

Egypt is considering the export of electricity to Syria through Jordan, contingent on stable security and political conditions in Damascus.

Updated 12/3/2024 3:01:00 AM
Egypt, Jordan ink cooperation agreement to optimize LNG infrastructure use

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and Jordan’s Minister of Energy and Mineral Resources Saleh Al-Kharabsheh oversaw the signing of a cooperation agreement in Cairo aimed at maximizing the use of Egypt's infrastructure for importing liquefied natural gas (LNG) to benefit Jordan

Updated 12/2/2024 1:02:00 AM
Egypt Gas, Jordan’s ADC partner to supply natural gas to Quweira Industrial Zone

Egypt Gas has signed an agreement with Jordan’s Aqaba Development Corporation (ADC) to set up a natural gas supply network for Quweira Industrial Zone in Aqaba, Jordan.

Updated 10/30/2024 8:53:00 AM
Egypt, Jordan eye purchasing LNG floating regasification unit

The Egyptian government, in partnership with the Jordanian government, is considering contracting with an international firm to manufacture a floating storage regasification unit (FSRU) for liquified natural gas (LNG).

Updated 7/28/2024 9:30:00 AM
Egypt-Jordan trade exchange hits $864M in 2023

Trade exchange between Egypt and Jordan fell to $864 million in 2023, compared to $990 million in 2022.

Updated 6/13/2024 8:03:00 AM
VentureX Fund targets investing in 180 Egyptian startups within 3 years

The Jordan-based VentureX Fund aims to invest in 180 Egyptian startups over the next three years.

Updated 5/12/2024 3:00:00 AM
Egypt, Jordan to host joint business forum in June

Egypt and Jordan have agreed to hold a joint forum for both countries’ businessmen in June to maximize trade exchange and advance cooperation frameworks between the private sectors in the two countries.

Updated 5/12/2024 1:02:00 AM
Egypt, Jordan agree to enhance digital collaboration

The Egyptian Minister of Communications and Information Amr Talaat and Jordan's Minister of Digital Economy and Entrepreneurship Ahmad Hanandeh have agreed on advancing cooperation and experience exchange as per the memorandum of understanding (MoU) signed in March 2021.

Updated 5/9/2024 5:17:00 AM
Egypt, Jordan mull possibility of establishing joint opera

Minister of Tourism and Antiquities of Egypt Ahmed Issa and his Jordanian counterpart Makram Al-Qaisi have mulled over the establishment of a joint Egyptian-Jordanian opera.

Updated 5/9/2024 5:06:00 AM
Egypt, Jordan ink protocol to cement cooperation in media sector

The Egyptian Supreme Council for Media Regulation and the Jordanian Media Commission have sealed a cooperation protocol to bolster relations in the media sector.

Updated 5/9/2024 2:28:00 AM
32nd Egyptian-Jordanian Joint Higher Committee Session kicks off

The preparatory work for the 32nd session of the Egyptian-Jordanian Joint Higher Committee has begun, as the session takes place in Cairo from May 7th to 9th.

Updated 5/7/2024 4:12:00 AM
Basata, Jordan Kuwait Bank receive approval for 30% stake takeover in Madfoatcom

The binding offer submitted by Basata Holding for Financial Payments and Jordan Kuwait Bank to acquire a 30% stake in Madfoatcom for Electronic Payment, the Jordan-based bill processing and payment provider, has been accepted.

Updated 3/2/2024 6:46:00 AM
Israeli natural gas exports to Egypt, Jordan rise 25% YoY in 2023

The Israeli natural gas supplies to Egypt and Jordan went up by 25% year on year (YoY) in 2023, despite being shortly disrupted over the Hamas-Israel war.

Updated 2/27/2024 8:23:00 AM
Telecom Egypt, NaiTel to build Coral Bridge subsea cable

Telecom Egypt and NaiTel, a telecommunications service provider in Jordan, have joined forces to construct a subsea cable named "Coral Bridge" linking Egypt and Jordan, Telecom Egypt stated.

Updated 1/28/2024 12:02:00 PM
Egypt, Jordan, Iraq set plan to operate 1st stage of Arab logistics trade line

The Egyptian Ministry of Transportation has coordinated with the Jordanian and Iraqi ministries of transport to set an execution plan for the operation of the first stage of the Arab logistics multi-modal trade line.

Updated 12/26/2023 8:17:00 AM
MENA’s economy activity likely to fall to 2% in 2023 amid Gaza-Israel war: IMF

The Middle East and North Africa’s (MENA) economy activity is expected to slow down to 2% in 2023 from 5.6% in 2022 amid the Gaza-Israel war, according to the International Monetary Fund (IMF).

Updated 12/3/2023 11:22:00 AM
CBE in talks to allow money transfers from 3 Arab countries via InstaPay in 2024

The Central Bank of Egypt (CBE) is currently in advanced talks with Saudi, Emirati, and Jordanian central banks to allow money transfers to the bank accounts of Egyptian customers in Egypt via InstaPay app as of 2024.

Updated 11/12/2023 8:08:00 AM
Egypt, Jordan, Lebanon probe cooperation in petroleum sector

Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla has met with the Jordanian Minister of Energy and Mineral Resources Saleh Kharabsheh and the Lebanese Minister of Energy and Water Walid Fayyad to mull cooperation in oil and mining sectors,.

Updated 10/4/2023 1:53:00 AM