News
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Tecnimont (MAIRE) Starts Egypt's KIMA Project Post Payment
The EPC contract, valued at a total of US$300 million, has been conferred upon a consortium led by Tecnimont.
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United Oil & Gas PLC announces successful drilling of ASD S-1X well in Egypt
United Oil & Gas PLC successfully drills ASD S-1X well in Abu Sennan; awaits Egypt's approval for commercial production commencement.
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Inchcape makes major investment in Suez specialist Leth Leth
Inchcape Shipping Services announced a major investment in Leth Suez Transit, a global shipping agency headquartered in Egypt.
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Small-cap stock jumps after it commissions its recycling plant in Egypt
The post-consumer recycling (PCR) Plant in Egypt having installed a capacity of 18000 MT per year.
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Abu Dhabi government-backed hotel group plans USD 170 mn investment in three Egyptian hotels
The Egypt-focussed Abu Dhabi Tourism Investment Company (ADTIC) that is 84% owned by the government of Abu Dhabi’s Abu Dhabi Fund for Development.
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Electricity prices increased, effective Jan. 1, 2024
Households consuming within the 0-50 kWh consumption bracket will pay LE 0.58 per kWh, consumers of between 51-100 kWh will pay LE 0.68 per kWh.
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Egypt ranks 22nd in global climate change performance index
Egypt came second in the Middle East and North Africa, following Morocco, the IDSC added.
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Egypt’s BRICS Entry: A New Chapter in Global Influence
The process began recognizing the economic potential and strategic positions of the new members at the Johannesburg Summit in August 2023.
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Easyjet names Egypt among list of best sellers over Christmas
Christmas and new year booking trends from easyJet and easyJet holidays reveal a resurgence in popularity of Tunisia and Egypt plus continued demand.
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Egypt limits power outages to mornings during mid-year academic tests
According to a cabinet statement, the power outage plan will be applied between 11 am and 5 pm at a daily rate of two hours for each district.
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Supply Min. Seizes 84 kilograms of Counterfeit Jewelry in 2023
The Ministry of Supply and Internal Trade has issued 282 violation reports related to the control of markets dealing with precious metals.
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Housing Minister, Saudi delegation explore investment opportunities in Egypt
Prince Khaled bin Saud bin Turki Al Saud commended Egypt for its remarkable efforts in implementing large-scale projects within record timeframes.
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Egyptian billionaire Ahmed El-Sewedy’s firm on track to finish $2.9 billion Tanzanian dam
Elsewedy Electric's CEO Ahmed El-Sewedy announces impending power generation in mid-February 2024.
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Egypt targets $12 bln in FDI inflows in FY2023/24: GAFI chairman
Egypt has set a target of attracting $12 billion in foreign direct investments (FDIs) during the fiscal year (FY) 2023/2024, which ends in June.
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IMF: High Interest Rates Impose Pressure on Banks in MENA Region
This environment could lead to tightening financial conditions, stirring a wave of credit pressure, and reducing the available funding.
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AIIB joins financing for new container terminal in Egypt
Deal to strengthen position of Damietta Port as strategic hub in Eastern Mediterranean.
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Egypt set to launch mining portal for investors
This platform is designed facilitate investment opportunities for those interested in setting up minerals project in Egypt.
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Egypt’s apple imports hit 6-year low
The country bought the lowest amount of apples from the EU in at least six seasons during the first four months of the current marketing year.
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Tecnimont gets go ahead for engineering works at Egyptian fertiliser project
When operational in 2026, the plant (located in the Aswan Governorship, in Upper Egypt) will replace the older units for the ammonium nitrate at site.
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Air Cairo to Launch Direct Flights Between Tangier, Cairo
Morocco’s airports welcomed over 24.73 passengers as of November 2023.