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Suez Canal revenues at $551 million in April, marking 15.8% y-o-y growth
Egypt’s revenues from Suez Canal surged by 15.8 percent year-on-year to $551 million in April, from $476 million in…
Egypt aims to start electric car production in mid-2022: minister
Egypt is aiming to start producing an electric car in mid-2022, Public Enterprise Minister Hisham Tawfik said on…
Rid-hailing Careem, Uber raise fares after fuel hikes
Ride-sharing firms Uber and Careem announced on Tuesday an increase trip rates as of May 11, in response to the…
India signs an agreement to buy 300,000 doses of Remdesivir from Eva Pharma
India has signed an agreement with Egypt’s Eva Pharma company for drugs and medical supplies to buy 300,000 doses…
Egypt’s annual inflation registered 4.4 percent in April
Egypt’s annual inflation registered 4.4 percent in April, compared to 5.9 percent in the same month a year earlier…
US Bechtel wants in on more of Egypt’s megaprojects
US infrastructure giant Bechtel is looking to expand its business in Egypt, with an eye to get in on more of the…
Egypt’s gas sector grows 25% in 2020, Minister
The natural gas sector has seen a growth of 25 percent during 2020 after turning from negative growth of 11 percent…
Apache Egypt inject investments over $20bn, Vice President
The US-based oil and gas producer Apache has invested more than $20 billion in Egypt, the Regional Vice President…
Multi-stakeholder platforms help in exploring opportunitiesin petroleum sector: Al-Mashat
A multi-stakeholder platform (MSP) titled “Egypt as an Energy Hub: Reforms and Prospects in the Petroleum and Gas…
Elsewedy Electric acquires 2 firms worth $60m, enters into Asian markets
Elsewedy Electric has entered the Asian market through acquiring shares in two companies involved in the…