In the meantime, Naturgy said it would go back to pursuing a legal claim to $2 billion in compensation its joint venture with ENI was awarded in the case by the World Bank’s ICSID in 2018.
Naturgy has agreed with Eni and Egypt to end their dispute over Unión Fenosa (UFG), in which the Spanish and Italian firms own 50% each.
Tension between Egypt and Turkey surfaced again as the industry committee at the Egyptian parliament called for annulling the free trade agreement between the two countries, saying it “harms local products”.
The Eurasian Economic Union (EAEU) and Egypt may sign a free trade zone agreement by mid-2020, Egypt’s Minister of Trade and Industry said.
Australian company planned was to mine tantulum, but seventeen years later, the company is suing the Egyptian government for potentially hundreds of millions of dollars after the military regime blocked plans.
Egypt and the United States are seeking ways to promote a greater reciprocal market access for agricultural and industrial goods following the latest talks of the Trade and Investment Framework Agreement .
The African Continental Free Trade Agreement (AfCFTA) is very important for Chinese companies in Africa, particularly in Egypt, an Egyptian economic expert said.
The talks took up the issues of customs cooperation, trade movement and rules of origin along with competition and prevention of monopoly.
British Petroceltic announced filing an arbitration case against the Egyptian General Petroleum Corporation (EGPC) at the World Bank Group’s ICSID.
Russia expects to make free trade zones agreement with Israel, Singapore, India, Egypt and Iran in coming future, First Deputy Minister of Industry Sergey Tsyb said.
The talks focused on the main provisions of the Agreement and set the schedule of the further work.
Agreement to create a continuous discussion on issues of bilateral, international economic cooperation of common concern.
Indonesia and Egypt will sign a preferential trade agreement and are negotiating a free trade agreement.
The Spanish group will seek an agreement with the country to recover normality at the Damietta plant.
Veolia has finally lost its claim against Egypt over a waste management contract dispute in which they claimed compensation for an increase in the minimum wage under a new labour law.
The start of negotiations between the EAEU and Egypt on the preparation of an agreement to establish a free trade zone is scheduled for autumn 2018.
Decision comes six years after supplies were halted, forcing EMG shareholder Ampal into bankruptcy.
The United States and Egypt discussed ways to further expand fair and reciprocal trade and investment between the two countries.
The agreements will force global companies to exclude us from manufacturing: Masrouga
Argentina was the only signatory country that hadn’t yet ratified the free trade agreement, which can now go into effect.