Energy News
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Egypt Continues to See Unprecedented Rise in Gold Prices
This rise contrasts with the global market, where the price of an ounce of gold decreased by about 5 dollars, settling at 2,024 dollars.
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60 firms bid for gold hunting in Egypt
Egypt has closed bidding for the exploration of gold in 31 various sites after 60 companies applied for obtaining permits.
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Egyptian travelers bring over 3.8 tons of customs-free gold to Egypt in 8 months
This came in line with Cabinet decisions, which exempted travelers from paying customs duties and other associated charges.
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Egypt keen to play major role in int'l clean energy transition: Sisi
President Abdel-Fattah El-Sisi affirmed Egypt's keenness to play a major role in the international clean energy transition, which will benefit Egypt.
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Schneider Electric discusses building solar power projects in Egypt's Sinai
Schneider Electric is discussing with Khaled Fouda, the governor of South Sinai, about building a group of solar power projects.
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Putin to Participate in Key Event at Egypt’s Dabaa Nuclear Power Plant
Egypt and Russia signed a cooperation agreement in 2015 to establish a nuclear power plant with an investment cost of USD 25 billion.
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Egypt to install solar energy plants at five more archaeological sites
This comes to preserve and protect archaeological sites, and implement sustainable practices to benefit local communities and visitors alike.
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Egypt’s Natural Gas Potential: How ENI’s Orion-1X Could Transform the LNG Landscape
Amidst regional tensions and economic pressures, Egypt’s LNG future hinges on ENI’s Orion-1X well, a potential game-changer for its gas exports.
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Egypt considers powering aluminium complex with solar energy
The solar park is planned to be constructed in two phases each with a capacity to produce 500 MWh of clean power annually.
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New gold mine discovered in Egypt's eastern desert
The advisor to the Egyptian Minister of Supply for Gold Industry affairs, has unveiled the discovery of a substantial gold mine in the Abu Marwat area
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The 1.1 GW Jabal el Zeit wind megaproject receives official approval
The agreement is for a wind farm with a capacity of 1,100 MW, equivalent to the installed electrical capacity of a country like Malawi.
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Malta and Egypt agree on strengthening cooperation in energy sector
The agreement lays down the areas for possible cooperation between the two countries, seeking to increase the exchange of knowledge and expertise.
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Centamin drilling intersects gold mineralisation in Egypt
Centamin has announced the results of its maiden drill programme on the company’s Eastern Desert Exploration (EDX) landholding in Egypt.
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Centamin propels modern mining rules in Egypt
Egypt’s current mining regulation was based on profit sharing with the government.
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Egypt’s state-owned oil companies to invest over EGP 23 bln in FY2024/2025: Minister
Egypt's state-owned oil companies are poised to invest over EGP 23 billion in the upcoming fiscal year (FY) 2024/2025, commencing in July.
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Egypt Encourages Increased Car Conversions to Natural Gas, But Is it Environmentally Safe?
As of April, Egypt successfully converted 500,000 vehicles, marking a significant milestone.
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Gold prices in Egypt could decline on high-yield CDs, geopolitical de-escalation: FEDCOC
The de-escalation in the conflict between Russia and Ukraine and the introduction of new high-yield certificates in Egypt could lead to the decline.
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Beltone, Evolve Holding launch new gold investment fund
As a result, gold prices reached an all-time high of $2,078 per ounce in 2023, representing a 15 percent year-on-year increase.
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Egypt’s Mine Gold Reserves Reach 25 Million Ounces
With the majority being mined in Sukari in the Eastern Desert, Egypt’s annual gold production rates are about 15.8 tons.
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Egypt Eyes 10GW Solar Project
The Chinese state firm will “begin preliminary studies and measurements to develop a solar energy project, with a capacity of 10GW".