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Egypt mulls plan for privatising defence sector companies - New Delhi Times - India s Only International Newspaper
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UAE & Egypt ties deepen - New Delhi Times - India s Only International Newspaper
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Egyptian army controls secret funds, report finds
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Saudi, Dubai Fuel Firms Vie With Adnoc for Egyptian Army Company
Jun 04 2021, 1:31 AM
June 03 2021, 3:53 PM
June 04 2021, 1:31 AM
(Bloomberg)
(Bloomberg)
Dubaiâs state energy firm and Petromin Corp. of Saudi Arabia are taking on the likes of Abu Dhabi National Oil Co. by entering the bidding race for the first Egyptian army company being offered to investors, according to people familiar with the matter.
Whichever company wins would partner with Egyptâs sovereign wealth fund in taking joint full ownership of Wataniya Petroleum, a fuel distribution firm that has more than 200 filling stations and is run by the North African nationâs military.