Energy News
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Egypt's IOU to Capricorn Energy grows to $145 million
This has grown to $145 million at the end of May, it said on Monday, of which $104 million "is overdue".
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Egypt raises gold jewellery processing fees by 10%
The Gold Division at the Cairo Chamber of Commerce announced on Sunday raising the gold processing fees for gold jewellery by 10 percent as of 1 July.
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Egypt and Germany sign debt swap agreement to finance green energy transition
Egypt signed on Sunday a €54 million debt swap agreement with the German Development Bank (KfW).
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Strategic Partnership between “Dahab Masr” and “EgyCash” to Develop the Precious Metals Market
This technology works to create a fair investment atmosphere that allows investors to Practice their rights to buy and sell at any time.
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Egyptian travellers bring home 306 kg of duty-free gold in 42 days
Egyptian travellers returning from abroad brought more than 306 kilograms of gold exempted from customs duties and other fees from 11 May to 22 June.
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Egypt’s Petrojet, Siemens to provide tech solutions for Middle East industrial sector
The companies will have a special focus on water, oil and gas, tunnels, and infrastructure projects across the region, said a statement from Siemens.
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Eni Egypt Well Disappoints
The Nesr-1 well, one of two targets currently being drilled by Italian firm Eni off Egypt’s Nile Delta has struck sub-commercial gas volumes.
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Everything you need to know about Egypt’s project to supply ships with green fuel
Egypt and Norway back in May signed an agreement to jointly develop a new green methanol production project, which is the first of its kind.
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Will gold prices continue to drop or regain strength after Eid al-Adha?
Maghraby added that the period before Eid holidays was typically accompanied by a rise in gold prices.
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China provides Egypt with 20 million yuan worth of goods for environmental affairs
Fouad praised the efforts of the Ministry of Environment of China to support cooperation between the two countries.
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Egypt to convert 17,000 more cars to natural gas fuel
MSMEDA has signed two contracts at EGP 200 million with two companies to convert thousands of vehicles from gasoline to natural gas.
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Israel Joins Egypt and Palestine in Rare Partnership to Develop Gaza Gas Field
Egypt and the PA announced the deal in October, awaiting Israel’s approval, which has now been granted.
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Egypt and FAO discuss joint cooperation in environmental projects
Their meeting focused on enhancing bilateral cooperation in adaptation projects and linking climate change, biodiversity, land use.
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Egypt takes new steps towards being an energy hub
Currently, Egypt already produces an amount of natural gas ranging from 6.5 to 7 billion cubic feet per day.
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Discussed: Egypt's integrated strategy to decarbonize, reduce emissions
Egypt's petroleum sector has adopted a vision to work on switching to low-carbon sources of energy and decarbonization.
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China’s Envision to supply wind turbines for Egypt’s 500MW Amunet wind farm project
UAE-based AMEA Power is developing the Independent Power Plant (IPP) project, which is expected to be commissioned by mid-2025.
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Egyptian travellers bring home 194 kg duty-free gold in a month
Egyptian travellers brought more than 194 kilograms of gold from abroad, exempted from customs duties and other fees, from 11 May to 11 June.
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Gov't eyes 50% increase in green investments during FY2024/2025: Planning min.
The Sovereign Fund of Egypt (TSFE) is working for luring green infrastructure investments.
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A new solid waste recycling plant in Nag Hammadi
The Nag Hammadi solid waste recycling plant was inaugurated on 9 June 2023, in the wake of World Environment Day on 5 June.
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Egypt reportedly aims to increase oil exports by 15% in 2023
According to the document, Egypt's oil exports reached $18.2 billion in 2022, a significant rise from $12.9 billion in 2021.