Orascom Industrial Parks unveils new $139mln investment in Ain Sokhna
El Batrik highlighted that the company will begin to offer the industrial zones in the new area to investors in the second quarter (Q2) of 2024, targeting complementary green industries to green hydrogen and exportable industries, especially to Europe and neighboring Arab countries.
The CEO noted that investments of the factories spanning an area of 10 million square meters in in Ain Sokhna amounted to $12 billion.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
11 hours ago
- Gulf Today
Sharjah clears 167 titles under publishing, translation support programmes in 2025
The Sharjah Book Authority (SBA) has announced the approval of 167 new titles under its specialised publishing and translation support programmes in 2025. The approved titles were selected from a total of 2,478 submissions received within four months since registration was open. These include 99 titles under the Translation Grant, 20 through the Sharjah Publishing Sustainability Fund (Onshur), and 48 titles directly supported by the SBA. The step demonstrates Sharjah's continued commitment to fostering translation, publishing, and knowledge exchange between Arabic and other global languages. These selected titles further SBA's achievements, raising the total number of approved titles to 2,405 across various fields and languages since the initiative's launch in 2011. These initiatives represent a cornerstone of SBA's strategy to support publishers, translators, and authors worldwide, creating an enabling environment for intellectual creativity and accelerating bilateral translation between Arabic and other languages. This contributes to expanding the presence of Arabic literature in global markets, while offering readers access to diverse human and intellectual experiences in multiple languages. Ahmed Bin Rakkad Al Ameri, CEO of the SBA, said, "In Sharjah, under the leadership of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, we believe that translation is a vital communication tool for connecting people and fostering understanding and being open to other cultures. "This belief drives us to continue growing our support for exceptional cultural and intellectual content through specialised programmes. At the forefront of these is our Translation Grant, which is given to titles worthy of global readership, in order to promote Arabic creativity to the world, while making international achievements accessible to Arab readers in their native language." Al Ameri added that under the directives of Sheikha Bodour Bint Sultan Al Qasimi, Chairperson of the Sharjah Book Authority, the authority is committed to expanding its support programmes through initiatives that celebrate the most significant literary and intellectual works from around the world. Mansour Al Hassani, Director of Publishing Services at SBA, commented, "The number of submitted applications this year is a clear indicator of the growing trust that global publishers place in our programmes. It reflects their recognition of the tangible value we bring to the translation and publishing sectors, not only in the UAE and the Arab world but globally." The SBA launched its Translation Grant in 2011 to support publishers worldwide in translating distinguished books into multiple languages. The grant offers up to $4,000 for general books and $1,500 for children's books, with special grants of up to $250,000 for translations from or into Arabic. The criteria include a formal translation contract, details of the translator, and copies of the final published edition. Eligible works include novels, biographies, cookbooks, poetry, and children's literature, given that they are under copyright protection. The Sharjah Publishing Sustainability Fund (Onshur) aims to strengthen the publishing industry in the UAE by offering comprehensive support tailored to publishers' needs. The fund supports publishers' sustainability and growth, and boosts their journey into enriching the cultural landscape in the UAE through three core tracks, namely: Launch, Scale, and Disrupt. WAM
Campaign ME
a day ago
- Campaign ME
With Nadine Njeim as the face, Henkel Consumer Brands debuts haircare line in the Middle East
Henkel Consumer Brands launched the Schwarzkopf Gliss range in GCC markets, marking a significant regional push for the haircare label. The brand hosted an immersive event at Dubai's Bvlgari Resort, combining influencer engagement with interactive experiences designed to highlight its R&D credentials. The event brought together beauty influencers, media, and distribution partners from across the GCC, Egypt, and the Levant. Designed with engagement in mind, it featured a live 'Gliss Lab' with Henkel R&D experts, strand-strength demos, professional styling booths, and other content-friendly touchpoints – all aimed at showcasing the science behind the Schwarzkopf Gliss Ultimate Repair range. 'The objective of the launch event was to raise awareness on the arrival of the flagship brand to the region, and to make sure that the brand promises every woman in the region the hair care revolution she deserves,' said Mohamed ElTonsy, Marketing Director, Henkel Consumer Brands GCC. 'More than a product drop, it was a statement: Schwarzkopf is here to deliver a hair care revolution every woman deserves. Moreover, we have chosen a brand ambassador that speaks to the people.' The campaign also introduced Nadine Nassib Njeim as the face of Gliss in the Middle East. With over 17 million Instagram followers, the Lebanese actress is one of the most recognisable names in Arab pop culture. Her appointment signals Henkel's move to localise global strategy with a regionally relevant figurehead. With this launch, Henkel Consumer Brands is leaning into its 'For Every You' brand positioning, which is meant as an inclusive message that addresses the diverse regional beauty needs that cater to the Gulf region's discerning consumers. Overall, the activation generated engagement through influencer posts and media coverage across the Middle East, resulting in strong social media impact.
Zawya
a day ago
- Zawya
Egypt: Industry Ministry invites business owners to register on apip.online platform
Arab Finance: The Ministry of Industry and Transport called on all industrial project owners in Egypt to participate through the first official Arab platform aimed at achieving industrial integration in various industrial sectors across Arab countries, according to a statement. The platform is one of the key initiatives of the Arab Industrial Development, Standardization and Mining Organization (AIDSMO). It aligns with the state's objectives to deepen Arab economic cooperation and industrial integration in light of the digital transformation. Designed to support connectivity between Arab factories, the platform aims to facilitate industrial and commercial exchange, while providing a digital database of requests and offers for industrial and mining products in Arab countries. It will also connect the production needs and capacities to create effective regional supply chains. Meanwhile, all products, production inputs, and spare parts will be available to all factories, bridging import gaps through achieving Arab industrial integration. Furthermore, the ministry invited interested Egyptian companies to participate and register for free on the Arab Platform for Future Minerals (APFM) to promote Arab mining resources and leverage investment opportunities in the Arab mining sector. To date, the number of industrial establishments registered on the platform exceeds 66,000 from 21 Arab countries, including more than 15,000 Egyptian establishments. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
