Browsing Category
Industry & Trade
Interview: Egypt keen to strengthen ties with China – Minister
Egyptian Trade and Industry minister Mounir Fakhry Abdel Nour said his country is keen to boost economic and…
German official: New Egypt’s gas find to revive economy
German Legislator Peter Ramsauer asserted Tuesday the importance of Eni’s new discovery of Zohr natural gas in…
Egypt eyes lower arrears owed to foreign oil firms to $2.5bn this year
Egypt paid foreign oil companies US$600 million in arrears in August and still owes them US$2.9 billion, the…
Italy, Egypt to sign 10 horizontal silos agreement tomorrow
Supply ministry is to sign an agreement with Italy to build 10 horizontal silos for wheat storage in Egypt…
ACWA Power seeks $150m-loan to finance new energy projects
Saudi Arabia-based ACWA Power targets negotiating over US$150 million loan to fund two projects to generate power…
Hikma bolsters presence in Egypt with EUP purchase
Hikma Pharmaceuticals is to boost its presence in Egypt with the acquisition of oncology and injectables business…
Petroleum sector executes $2bn-projects to upgrade Asyut refinery
Petroleum sector is currently executing three new projects to upgrade Asyut refinery with investments worth US$1.8…
Egypt’s renewable energy project was almost triple oversubscribed- Official
Egypt's renewable energy project that sets a feed-in tariff to investors, was almost triple oversubscribed, head…
Coca-Cola exports 70% of its Egypt production – president
Coca-Cola exports 70 percent of its production in Egypt; while 30 percent is for domestic use, said Curt Ferguson,…
INTERVIEW: Egypt’s Sawiris says ‘stagnation’ stops him investing
One of Egypt's wealthiest businessmen, Naguib Sawiris said he had not invested any of the US$500 million he pledged…