BP will invest $12bn in Egypt over 5 years
BP is one of the largest investors in the Egyptian energy sector
Read More →Chinese investors show interest in infrastructure ahead of Al-Sisi’s visit
Egyptian ministers propose projects to China, which Al-Sisi will negotiate during his visit
Read More →Ministerial chamber to investigate embassy shutdowns: Tourism ministry official
Ministry seeking assistance from foreign and interior ministries to solve issues regarding embassy shutdowns in Cairo
Read More →EGAS to launch international tender to import 500m cubic feet of gas daily
Second LNG vessel to be received in Port Said by next March
Read More →Tourist spending increases 15.8% per night during second half of 2014
Tourism ministry has launched programmes to attract visitors from Saudi Arabia, Kuwait, Jordan
Read More →Urban inflation declines to 8.5% in November
Consumer price index (CPI) falls by 1.7%
Read More →GIZ allocating $50m for green building and sustainable community projects: Wehenpohl
German company launching 17 development projects in Egypt, including ones to develop informal areas in Cairo
Read More →EU offers new trade agreement to Egypt and MENA countries
Technical committees for the partnership resume their work following a halt due to political unrest
Read More →Big Data analytics in oil and gas: Converting the promise into value
With these new tools and advanced analytic capabilities, oil and gas producers can capture more detailed data in real time at lower costs, which can help them improve oilfield and plant performance by 6% to 8%, according to research by Bain and Company.
Read More →Talks underway with Cyprus to import gas through marine pipeline: Ismail
In a press statement, Ismail said that a delegation from the Egyptian Natural Gas Holding Company (EGAS) was sent to Cyprus to conduct technical discussions on the subject.
Read More →International oil price reduction to save cash for Egypt’s budget: Economy professor
Crude oil prices have slumped to lowest level in five years due to potential increased market supply
Read More →Qalaa reduces losses by 67% to EGP 59.6m in Q3 2014
Investment company seeking shift to profitability in 2016, expects to reduce debt to $260m by year end, down from $300m last year
Read More →Insurance sector assets currently valued at EGP 55bn: EFSA
The insurance sector contributed EGP 48.5bn to the national economy during the current year
Read More →Doubts raised over Kellogg’s bid for BiscoMisr shares
Kellogg’s EGP 940m bid for 51% of company awaiting response from Financial Supervisory Authority
Read More →50 Italian companies to hold investment talks in Egypt in February: Italian ambassador
Embassy preparing logistics investment meeting in Alexandria during December with Italian and Egyptian transport and freight companies
Read More →$1.1bn decrease in foreign reserves from October to November: CBE
Decline mainly due to the repayment of accrued deposits to Qatar, claims economist
Read More →Government delivered only 57 units from its 1m residential-unit project: EIPR study
Allocation for the project in FY 2014/15 state budget amounts to EGP 9.5bn in total
Read More →Kellogg’s offers EGP 945m for 51% of BiscoMisr
US-based frim will develop the company and launch its products on international markets
Read More →Technoment to begin construction of Aswan fertiliser factory by end of 2014
Italian firm will also partner with KIMA to upgrade facilities to work with natural gas
Read More →New licences will not boost steel and cement production due to energy shortages: manufacturers
Energy supply does not match targeted output, claims steel and cement companies
Read More →Kuwaiti fund loans Egypt $102m for power station
Another contract worth about $3m was signed with the fund to finance technical studies for development of Golden Triangle project
Read More →Saudi Shaheen Group invests EGP 500m in Egypt
Group Chairman says these investments will be directed to agricultural and solar projects
Read More →Banks to begin paying returns for Suez Canal certificates Sunday
The value of the first instalment is estimated to be approximately EGP 1.9m
Read More →Egypt strengthens relations with India and Greece
International cooperation minister looks to build on previous cooperation to increase economic and investment ties
Read More →Japan still considering whether to participate in Egypt’s economic summit: Kagawa
Japanese private sector faces many problems in Egypt, notably accessing foreign currency, says Japanese ambassador
Read More →Fuel oil supplies non compliant with specifications behind increased summer electricity
The source said that during the summer, fuel suppliers offered fuel at $600 per tonne, with sulphur rates higher than required in the bid.
Read More →IDB allocates $220m for Egypt-Saudi electricity interconnection project
Islamic Development Bank announces $566m financing for projects in energy, roads, petrochemicals, water, education, and health
Read More →Tourism sector asks banks to postpone debt repayment to end of 2015
Banking system owed EGP 10bn from tourism sector, workers hope to postpone debt repayment to end of 2015
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