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Egyptian Natural Gas Holding to expand in Saudi Arabia

Egyptian Natural Gas Holding to expand in Saudi Arabia

THE Egyptian Natural Gas Holding Co. (EGAS) has established a subsidiary in Saudi Arabia with initial capital of SAR 2 million ($530,000), Egypt's Ministry of Petroleum said. Owned 80% by EGAS, the newly established natural gas company "Modern Gas" Saudi Arabia is part of the Egyptian firm's strategy for offshore expansion, especially in Gulf Cooperation Council (GCC) countries, aimed at attracting foreign currency inflows into Egypt. Egypt is striving to attract foreign currency inflows to address a shortage that has curbed local business activity and led to backlogs at ports and delays in payments for commodities. Since early 2022, when…
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NBA Africa expands in the East

NBA Africa expands in the East

NBA Africa has established a subsidiary in Nairobi, adding a fifth office to a network that includes Cairo, Johannesburg, Dakar, and Lagos. According to NBA Africa/s new CEO, Victor Williams, the NBA Kenya office will bolster basketball within the country, especially in the school curriculum. “We want to train more teachers and coaches in the game to strengthen the administration of the game by also offering clinics to referees. We also want to work with prospective partners who see the game as a vehicle to engage young people,” Williams explained. The NBA launch event on November 29th included a junior…
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