News
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Egypt's top refinery hopes expansion will revive exports
Egypt has struggled with soaring energy bills caused by high subsidies it provides on fuel for its population of 85 million.
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Naguib Sawiris donates EGP 500,000 to Nubarriya Canal
The initiative was launched in order to preserve Nile water from pollution and perform maintenance on the canal.
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Egypt ministries to use energy efficient cars and appliances
Egypt is suffering from an energy crisis that has worsened considerably since the 2011 uprising.
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Egypt to invest $14.5B in petchems, refining over five years
Egypt is also considering floating stakes in some state-owned oil companies on the Egyptian stock exchange.
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UAE's Dana Gas says wins gas concessions in Egypt
United Arab Emirates energy firm Dana Gas said on Monday that it had been awarded concessions for two onshore gas blocks in Egypt.
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Eni looks past uncertainty in Egypt
The licenses are located in the country’s Western desert, near the Melehia Development Lease and will cover about 794 square miles.
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Egypt's bourse to close Oct. 5-8 for Eid holidays
The bourse and banks will remain closed for three days and reopen Wednesday, October 8th.
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Egypt's exports to Nile Basin countries up 15% in 2013: CAPMAS
Sudan is the largest importer of Egyptian goods from the group of nine African nations, while Kenya is the largest exporter to Egypt.
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Government considers offering international tender for Maspero development
Decisions to demolish buildings in the Maspero area were issued to residents recently as the buildings formed a threat to their lives.
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Dubai plan for $40 billion Egypt housing scheme nearly completed
Arabtec originally announced in March that it had agreed with the Egyptian army to build the homes at 13 locations around the country.
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Eastern European tourists major visitors to Egypt
CAPMAS said that the number of tourists visiting Egypt during the first half of this year fell to 4.4 million.
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Personal savings dominate Suez Canal certificates’ purchases: Baseera
42% of certificate-buyers used money kept at home, 38% used bank savings, 13% used Egypt Post savings.
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Pumping water in "Toshka 3" to reclaim one million feddans
Egypt is preparing a scientific study for reducing the evaporation rates in Lake Nasser after it reached 10 billion cubic meters of water.
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Egypt launches agency to support African development
The Egyptian Partnership Agency for Development will focus mainly on the fields in which Egypt enjoys a comparative advantage and experience.
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Egypt's Natural Gas looks for stability
Egypt’s export decline can be traced to a damaging combination of increasing domestic consumption during the hot summer months.
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Egypt on the road to tourism recovery
Egypt Tourism Minister is positive about the future and went as far as saying that he expected tourism to recover completely as soon as 2015.
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Egypt's Ezz Steel posts first-half net loss of LE176 mln
Egypt's largest steelmaker blames disrupted availability of utilities for reduced output and margins in the first 6 months of 2014.
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Egypt plans 2GW auction each for Wind & Solar power capacity
Egypt will soon kickstart its renewable energy auctions as it plans of getting 20% energy from renewable energy sources by 2020.
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Egypt's BOP records $1.5 bn surplus in FY 2013/14
Egypt's balance of payments in surplus despite low tourism as remittances and Arab aid increase.
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Eni awarded 3 new exploration licenses in Egypt
Italian oil major Eni said on Thursday it had been awarded three new exploration licenses in Egypt as it grows its footprint in Africa.