Liverpool Finalize £79m Deal for Frankfurt's Hugo Ekitike
Liverpool are working on finalizing Hugo Ekitike's deal after they reached an agreement worth up to £79 million ($106m) with Eintracht Frankfurt, ESPN reported on Monday.
The deal includes an initial fee of £69m ($92.7m) with £10m ($13.4m) in potential add-ons.
Ekitike agreed terms on a six-year contract with the Reds.
A source told ESPN he has been granted permission to travel to the UK to complete the deal and is expected to arrive for a medical on Tuesday.
ESPN previously reported that Newcastle provided a £64.5m ($86.3m) bid and it was rejected by the Bundesliga side.
Ekitike scored 15 goals in 31 caps as Frankfurt finished third in the Bundesliga last season.
Early this summer, they Liverpool signed Florian Wirtz for a potential British record £116m.
read more
Japan Stun Spain 2-1 to Qualify for World Cup Last 16
World Cup 2022: Get to Know Confirmed Line-ups of Japan and Spain Group E Decider
Saudi Arabia Bid Farewell to World Cup after 2-1 Loss to Mexico
Tunisia Achieve Historic Win over France but Fail to Qualify
Tunisia to Clash against France in World Cup
Sports
Get to Know Squad of Group D Teams in World Cup
Sports
Al Ahly Gift EGP 70,000 to Players After Claiming Egyptian Super Cup Title
Sports
Bencharki Hits First 2 Goals with Al Jazira Since Leaving Zamalek
Sports
Arsenal Possible Line-up for Nottingham Forest
News
Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters
Arts & Culture
"Jurassic World Rebirth" Gets Streaming Date
News
China Launches Largest Ever Aircraft Carrier
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Arts & Culture
South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle
Business
Egyptian Pound Undervalued by 30%, Says Goldman Sachs
News
"Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"
Sports
Get to Know 2025 WWE Evolution Results
News
Flights suspended at Port Sudan Airport after Drone Attacks
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Key
5 hours ago
- Economic Key
Cairo 3A Group Sponsors the Launch of the World Junior Squash Championship in Egypt
3A Group celebrated the launch of the World Junior Squash Championship during a press conference attended by Dr. Ashraf Sobhy, Minister of Youth and Sports, along with a number of prominent figures from the sports sector. Returning to Egypt after a 23-year hiatus, the championship is held from July 20th to August 1st at Black Ball Sporting Club in New Cairo, with the participation of top international male and female players under the age of 19. The championship is officially sponsored by Cairo 3A Group, a leading name in the food industry and proud supporter of the Egyptian national squash team. Backed by strong government support and world-class organization, the event underscores Egypt's position as a global hub for squash. Commenting on the occasion, Dr. Ashraf Sobhy, Minister of Youth and Sports in Egypt, expressed his pride in hosting such a prestigious international tournament. He highlighted the state's efforts to ensure the successful organization of an event of this scale, one that truly reflects Egypt's stature in the world of sports. 'We highly value the support of the World Squash Federation and are proud of the continued confidence in Egypt's ability to host global championships. Thanks to our advanced infrastructure and accumulated expertise, Egypt is more than ready. Squash enjoys significant backing from the country's leadership, and we remain committed to nurturing future champions,' said Minister Sobhy. Mr. Hazem Zayed, CEO of Cairo 3A Group, stated: 'We are honored to support Egypt's national squash team and to sponsor the World Junior Championship. At Cairo 3A, we strongly believe in the role of sports in community development—especially squash, which has become a global symbol of Egyptian excellence. This sponsorship aligns with our strategy to empower young talent and reinforce Egypt's international leadership in sports.' Zena Wooldridge, President of the World Squash Federation, highlighted the country's exceptional capacity to host global sports events, saying: 'Egypt is a powerhouse in the world of squash—not only in terms of talent but also in sports event management. This year's championship follows a series of outstanding performances by Egypt's juniors on the global stage, and we anticipate a truly exceptional tournament.' The World Junior Squash Championship features both individual and team competitions for men and women, with participation from over 30 countries. All matches will take place at Black Ball Sporting Club, one of Egypt's premier squash facilities—highlighting the country's growing investment in sports infrastructure. Through this partnership, Cairo 3A Group reaffirms its long-standing commitment to supporting Egyptian sports and empowering young champions, as part of its vision to foster sustainable community investment and nurture future generations capable of competing on a global scale. تم نسخ الرابط
See - Sada Elbalad
7 hours ago
- See - Sada Elbalad
SCZone Delegation Taps Chinese Manufacturers to Boost Local Industry
Taarek Refaat A high-level delegation from Egypt's General Authority for the Suez Canal Economic Zone (SCZONE), led by Chairman Waleid Gamal El-Dien, continued its investment promotion tour across China by visiting Zhejiang Province to deepen industrial cooperation, particularly in the automotive and green energy sectors. This initiative aims to localize key manufacturing industries in Egypt, increase export capacity, and support the country's strategy to become a hub for electric vehicle and renewable energy production. The delegation kicked off the third day of the tour in Ninghai, where they visited the headquarters of KIBING Group, the world's second-largest producer of flat glass and the third-largest manufacturer of solar panel glass. Gamal El-Dien revealed that KIBING is set to establish the region's largest solar glass factory in the Ain Sokhna Integrated Zone, under SCZONE. The plant will span 800,000 square meters, with an expected investment of $685 million, creating up to 3,000 direct jobs upon full operation. Approximately 80% of the plant's output will be exported, primarily to European and American markets, with the remaining 20% allocated to the domestic Egyptian market, a share that could increase based on local demand. The factory is expected to rely on Egyptian silica sand as a key input, contributing to the localization of the green energy industry. Coordination is underway with national authorities to secure energy and infrastructure needs for the project. The delegation also visited Lynk & Co, an advanced vehicle manufacturing facility operated by Zhejiang Geely Holding in partnership with Sweden's Volvo. The visit focused on understanding cutting-edge automotive production processes and identifying investment requirements such as land, utilities, workforce needs, and technological transfer, core to Egypt's strategy of building a strong local auto industry. Later in the day, the SCZONE team participated in a high-level roundtable organized by the Ningbo Foreign Affairs Office, with participation from senior officials including Yi Qijun, Director General for Europe and Africa Cooperation. The session brought together six of China's leading auto parts manufacturers, including: Joyson (electronics, safety systems, displays), Minth Group (structural components, plastics; operates in the US, Mexico, Japan, Germany), Tuopu Group, Jifeng Co. (seating and interior systems), Ruitai (suspension and steering), Wuhan Auto. Discussions centered on the potential for localizing auto parts manufacturing within SCZONE, viewed as essential for supporting a full-fledged automotive production ecosystem. During the session, Waleid Gamal El-Dien gave a comprehensive presentation highlighting SCZONE's strategic geographic position, integrated industrial-port infrastructure, and access to major global markets through free trade agreements. He emphasized Egypt's long-term goal: to position the country as a regional base for advanced and electric vehicle manufacturing and a critical supplier in global automotive and energy value chains. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
See - Sada Elbalad
8 hours ago
- See - Sada Elbalad
Egyptian Minister of Petroleum on two-day official visit to Cyprus
SEENEWS Stock Watch The Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Karim Badawi, is paying a two-day visit to Cyprus on July 23 and 24, at the invitation of the Minister of Energy, George Papanastasiou. According to a Ministry of Energy press release, the visit is taking place within the framework of the agreed cooperation between the two Ministries for the close progress monitoring of the deposits development project in block 6 of the EEZ of the Republic of Cyprus, following the signing of the Host Government Agreement (HGA) in Egypt on February 17, 2025. As stated, Badawi is accompanied in Cyprus by a delegation from the Egyptian Ministry of Petroleum and the Egyptian Natural Gas Authority (EGAS). It is noted that during his visit to Cyprus, the Egyptian Minister of Petroleum will also meet with the President of the Republic, Nikos Christodoulides, to discuss the progress of the development of both the "Kronos" and "Aphrodite" fields. It is added that immediately after the meeting with the President of the Republic, the two Ministers and technical teams will meet with representatives of ENI and TotalEnergies to be briefed on the progress of technical and commercial consultations for the development of "Kronos". StockWatch in your inbox! Subscribe to our newsletter now and stay tuned for the most important updates. Write your email Submit The Minister of Energy will also have a separate meeting with senior executives of TotalEnergies to review the progress of the company's research program in the EEZ of the Republic of Cyprus, specifically with the Senior Vice President for the Middle East and North Africa, Julien Pouget, and the Vice President for North Africa, Jean Jeylet, the statement concludes. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
