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Egypt-Saudi power grid link first phase seen operational early 2020
Egypt expects the first phase of its project to link power grids with Saudi Arabia to be operational by early 2021,…
Egypt’s MSME agency negotiating World Bank for $200 million loan
Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) is negotiating a $200 million loan from…
Suez Canal Bank’s financial position increases by 13.3 in Sep. 2018
Suez Canal Bank announced that its financial position has reached 43 billion Egyptian pounds in September 2018 with…
Egypt to finish drafting SMEs law shortly: Minister
The Egyptian government is close to finish drafting a law to develop micro, small- and medium-sized enterprises…
Egypt plans to ramp up exports to African market: minister
Egypt plans to increase its exports and carve out a larger share of the African and Central Asian markets, its…
Egypt’s GAFI to complete four new investment zones soon
Egypt's General Authority for Investment and Free Zones seeks to complete establishing four investment zones across…
Egypt’s Orascom Development 9-month contractual sales rise 78.2%
Egypt’s Orascom Development Holding reported on Monday a 78.2 percent growth in its contractual sales to 1.7…
Mubadala to buy 20% interest in Egypt’s Nour offshore concession from Eni
Abu Dhabi state fund Mubadala Investment Company’s oil business has agreed to buy a 20 percent participating…
France’s Voltalia starts its first solar power plant in Egypt
French renewable energy company Voltalia has started construction works of the 32MW Râ Solar project, its first…
BP to spend $2.8bn in Abu Dhabi, Egypt for MENA presence
Oil major BP aims to spend $1.8 billion in Egypt next year and $1bn annually in Abu Dhabi as it looks to expand its…