News
-
Egypt signs first gas fracking contract with Apache, Shell
The project will require horizontal drilling and hydraulic fracturing, which is the same as the shale gas production method used in the US.
-
Oriental Weavers to invest EGP 90m in 2015
Company outperforms with new automated warehouse and 3 more production lines.
-
U.S. welcomes ‘flexibility’ in $1.4 bln aid to Egypt
The massive fiscal 2015 spending bill that Congress passed on Saturday includes a longer list of conditions for releasing aid to Egypt.
-
Egypt bets on Art Tourism to save ailing economy
The Egyptian government has recently invested heavily into the renovation and restoration of its ancient cultural sites.
-
Egypt's Suez Cement to convert two factories to run on coal
Suez Cement said it will convert two of is factories in South of Cairo to run on coal in order to overpass shortage in naturel gas supplies.
-
Israel monopolises gas find on Egypt border
Israeli gas companies announced on Sunday details of a new gas find in the Mediterranean off the Israeli coast.
-
Egypt exports to UK grow by 30% in 2014
Egypt-UK trade volume expected to surpass $2bn for first time, Egyptian-British Chamber of Commerce says.
-
Egypt launches start-up incubator with LE10 bn capital
Ayady for Investment and Development aims to stimulate local development and boost employment in Egypt's governorates.
-
British embassy in Egypt reopens to public
The British embassy in Egypt has reopened after being forced to close to the public for security reasons, the foreign secretary has said.
-
Egypt to pass mining and industrial land laws next week -minister
Investors say they have still only seen the general outlines of promised legal and bureaucratic reforms.
-
EgyptAir hires U.S. firm for restructuring
The plan would aim to return EgyptAir to profitability by mid-2016.
-
World Bank urges Egypt to make reforms before investor conference
Investors say they have only seen the general outlines of those reforms and need details before they can plan new investments.
-
Egypt, Italian firm in new power plant deal
The proposed plant will be built to add 180 megawatts to the national power grid, according to a government statement on Monday.
-
Saudi-Egypt power link project to start in new year
A project to link the electricity grids of Egypt and Saudi Arabia will start next year at a cost of at least $1.5 billion, officials said on Monday.
-
Egypt's Travco Group signs letter of intent with Alpha star
Tourism company signs letter of intent with global luxury aviation company.
-
Egyptian-Chinese Business Council formed
Abdel Nour is expected to hold the council’s first meeting tomorrow to review future plans and the most important proposals for developing bilateral relations.
-
Pipeline owner denies role in Egypt-Israel gas deal
Reports said Eastern Mediterranean Gas would be conduit to direct gas from Israeli offshore gas field to Egypt.
-
Petroleum prices drives stock market down: Experts
Market gains EGP 5.9bn Monday after witnessing a huge loss the previous day.
-
France to fund new trains for Egypt's metro
The French government is not stranger to funding Cairo's metro, providing loans for construction from 1979 to 2012.
-
Egypt looking to mend economy with energy moves
Energy price hikes introduced in July for private and industrial consumers have helped to reduce the state’s high level of current spending.