BG Receives $350 million Egyptian Debt Repayment
BG Group has received another $350m instalment from Egypt as part of its debt repayments to the energy industry.…
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industry & trade
GAFI: Egypt’s FDI Hits $2.3 billion in 2014
Egypt’s volume of foreign direct investments from Arabs and foreigners has reached US$2.343 billion in 2014, said…
Kellogg Set to Win Egypt’s Bisco Misr Bid as Abraaj Opts out
Buyout firm Abraaj Group said it withdrew from bidding for Bisco Misr after U.S. rival Kellogg Co. (K) submitted a…
French Investments in Egypt hit $6.7 billion – Minister
Egyptian International Cooperation Minister Naglaa El-Ahwani said that the volume of French investments in Egypt…
BREAKING: Egypt signs Deal to import LNG from Algeria
Egypt has signed today a deal to import a liquified natural gas (LNG) from Algeria, as the country seeks to ease a…
Egypt Expects Russian Wheat Shipments Next Month Despite Export Curbs
Egypt expects to receive all the Russian wheat it bought for January delivery after assurances from Moscow that…
Brent hits 5-1/2-year low near $57, supply glut weighs
Brent oil fell to a fresh 5-1/2-year low near $57 per barrel on Tuesday, as persistent worries about a global…
Egypt’s Food Exports to Ethiopia Hit $10.4 million in 11 Months
Egypt’s food exports to Ethiopia have recorded US$10.4 million during the period from January- November of 2014, a…
Egypt Electricity Sector Owes EGP80 billion in Fuel Payment Arrears
Egypt’s electricity sector owes a total of EGP 80 billion ($11.2 billion) in arrears for oil products supplied by…
Logistics Centre to Protect Egypt from Wheat Market Fluctuations – Minister
Egypt’s global logistical centre, which is scheduled to be established in Damietta Port, will be a key tool to…
