Apache to sell Australia Business for $2.1 billion
Apache Corp. agreed to sell its Australian unit, Apache Energy Ltd., for $2.1 billion in cash in favour of a group…
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industry & trade
As Government gets on Board, Solar ready to shine in Egypt
Egypt lies in the world's "sun belt" and receives abundant sunshine. But until now the country has neglected one of…
Egypt’s Investment One-stop Shop to start Operating in Two Weeks
Egypt's anticipated one-stop-shop for investors to obtain licenses and permits will begin work in two weeks but be…
Egypt PM opens Rasheed Petroleum Company’s Ninth Phase
Egypt's Prime Minister Ibrahim Mahlab has opened Monday the ninth phase "B" of Rashid Petroleum Company…
Russia presents ‘Green Corridor’ for Egypt, Jordan, and Turkey Produce
Russia is offering to create a ‘green corridor’ with Egypt, Jordan, and Turkey to facilitate the supply of fruit…
Egypt announces New Oil Discovery in Western Desert
Egypt announced on Friday a new petroleum discovery in the Western Desert region, which, officials estimate,…
Egypt Payments to Foreign Energy Firms hit $9.4bn as of End-March
Egypt has paid foreign energy firms US$9.369 billion in accumulated arrears in the nine months to March 31, an oil…
Toshiba may sell 40% Stake of Egypt-based TV Manufacturing Facilities – Report
Japan's Toshiba Corp is reportedly in talks to sell off 40% of its 51% stake in TV manufacturing facilities in…
Egypt signs $250mn Deal with French Axens to build Gasoline Complex in Assiut
Egypt’s Assiut Petroleum Refining Co. (ASORC) signed Monday a US$250 million contract with French company Axens.…
Al Tameer Cement in Talks with Germany’s KHD over EGP2.2 billion Line
Egypt’s Al Tameer Cement plans to build a new production line for its factory in Assiut city within two years. The…
