Egypt partners with Google to promote 'unmatched diversity' tourism campaign    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Taiwan GDP surges on tech demand    World Bank: Global commodity prices to fall 17% by '26    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Ahmed Galal Ismail
This is how Egypt can fulfil its powerful economic potential
That is according to a forecast from PricewaterhouseCoopers, which predicts future GDP growth as measured by purchasing power. The country has undoubtedly made significant economic progress over the past three years as it emerges from a challenging (...)

21 - 12 - 2019
Petroleum Ministry to sign gas transport deal with EU next week
Minister of Petroleum and Mineral Resources Tarek El-Molla said that an agreement in the energy sector is set to be signed with the European Union next week. During his opening speech at the ninth Mediterranean Offshore Conference and Exhibition (...)

17 - 04 - 2018
Government seeks to increase petroleum production, reduce subsidies to cover costs of providing petroleum products
Minister of Petroleum and Mineral Resources Tarek El-Molla said that the government is seeking to recover the costs of providing petroleum products in the local market. This will take place through increasing the production rates of raw petroleum, (...)

17 - 04 - 2018
EDC renews projects contracts in Saudi Arabia for 3 years
Contracts for the Egyptian Drilling Company (EDC)'s projects in Saudi Arabia have been renewed for the next three years, Salah Abdelkereem, head of the Egyptian Drilling Company, which is under the Egyptian General Petroleum Corporation (EGPC), (...)

02 - 04 - 2018
EGAS plans to offer gas exploration in 9 land, sea areas in Q2 2018
The Egyptian Natural Gas Holding Company (EGAS) intends to put forward bids for nine natural gas land and offshore exploration concession areas in the second quarter (Q2) of this year, according to an official source at the company, who declined to (...)

01 - 04 - 2018
Petroleum Ministry aims to increase gas production by 19.53%
The Ministry of Petroleum is aiming to increase the average production of Egypt's natural gas during this fiscal year by 19.53%, to reach 5.342bn cubic feet of natural gas daily, compared to 4.469bn cubic feet of gas daily throughout the past fiscal (...)

20 - 01 - 2018
Petroleum Ministry expects 4% rise in local petroleum products consumption
The Ministry of Petroleum expects the consumption of petroleum products to increase by 4% annually until fiscal year 2019/2020, according to data from the ministry. The data showed that local consumption of fuel will increase throughout the next (...)

20 - 01 - 2018
Petroleum Ministry aims to increase gas production by 19.53%
The Ministry of Petroleum is aiming to increase the average production of Egypt's natural gas during this fiscal year by 19.53%, to reach 5.342bn cubic feet of natural gas daily, compared to 4.469bn cubic feet of gas daily throughout the past fiscal (...)

27 - 12 - 2017
EGAS to launch tender for importing LNG
The Egyptian Natural Gas Holding Company (EGAS) plans to launch a tender for importing liquefied natural gas (LNG) shipments in January 2018, according to an official source at the company. The source added that the upcoming tender aims to secure (...)

25 - 12 - 2017
Egypt salt imports reach $3.6bn
Egypt's imports of sodium chloride (salt) during the period from 2014 to 2016 reached $3.6bn, Deputy Head of Petroleum & Mining Industries Chamber Abdul Latif El Kourdy said, adding that Egypt should move to export salt rather than importing (...)

24 - 12 - 2017
Industrial sector owes EGAS EGP 7bn in debts
The debts of the industrial sector owed to the Egyptian Natural Gas Holding Company (EGAS) amounted to EGP 7bn, according to a source at the company. According to the source, who asked not to be named, the indebtedness of the industrial sector has (...)

23 - 12 - 2017
First gas import license to be granted in 2018
An official source at the Ministry of Petroleum and Mineral Resources said that the executive regulation of the gas market regulation law is expected to be completed within the next month. According to the source, the members of the Natural Gas (...)

20 - 12 - 2017
Authority will become ‘Sustainable Energy Authority', will be holding company for asset management: NREA chairperson
Mohamed El-Khayat, chairperson of the New and Renewable Energy Authority (NREA), said that the authority is seeking to adjust its structure in order to cope with the requirements of the current period, as it has been decided that the company will be (...)

19 - 12 - 2017
Egypt to stop importing gas by end-2018: EGAS
According to Vice President of the Egyptian Natural Gas Holding Company (EGAS) Magdy Galal, the company aims to stop importing liquefied natural gas from abroad by the end of next year. According to Galal, the Ministry of Petroleum owns the bulk (...)

19 - 12 - 2017
Finance Ministry considers increasing income tax for some sectors
An official source at the Ministry of Finance said that the ministry is currently studying the increase of income taxes on some sectors to achieve the target revenue. According to the source, who asked not to be named, there are some sectors that (...)

17 - 12 - 2017
Egypt starts experimental production from Zohr gas field
The Ministry of Petroleum and Mineral Resources began the pilot operation of Eni's Zohr field, according to a press release by the Minister of Petroleum and Mineral Resources Tarek El-Molla. El-Molla said that the wells were opened and the (...)

16 - 12 - 2017
Proceeds of Tax Dispute Committees amount to EGP 15bn
Deputy Minister of Finance for Tax Policies Amr El-Monayer said that the proceeds of the Tax Dispute Committees amounted to EGP 15bn. The committee had received some 14,000 cases on income and sales taxes and solved 5,400 requests of them. He added (...)

16 - 12 - 2017
Fuel production cost expected to increase allocated subsidies by EGP 30bn in FY 2017/2018
An official source at the Ministry of Petroleum and Mineral Resources said that petroleum product subsidies are expected to exceed the sector's allocations in the state budget for the fiscal year (FY) 2017/2018. The expected rise comes as a result (...)

12 - 12 - 2017
Finance Ministry offers international bonds tender this month
The Ministry of Finance intends to issue a brochure of conditions for the selection of bond managers abroad during this month, according to an official source at the ministry. "In preparation for its launch, we will need between three to four weeks (...)

12 - 12 - 2017
IMF to convene in December over 2nd part of $12bn Egypt loan
The International Monetary Fund's (IMF) board of directors is set to convene on 20 December to discuss the second portion of the $12bn loan to Egypt. An IMF mission visited Egypt from 25 October to 9 November to review Egypt's IMF-supported economic (...)

11 - 12 - 2017
Egypt annual inflation rate falls to 26.7%
The annual inflation rate in Egypt fell in November to 26.7%, down from 31.8% in October, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS), which added that monthly inflation in November was up, scoring 1%. According (...)

10 - 12 - 2017
IMF calls on Egyptian government to reconsider application of capital gains
The International Monetary Fund (IMF) mission called on the Ministry of Finance to reconsider the decision to delay the application of the capital gains tax and to work to implement it again as soon as possible, according to an official source at (...)

06 - 12 - 2017
Budget deficit records 2% in Q1 FY 2017/2018
The total deficit of the Egyptian public budget during the first quarter (Q1) of the current fiscal year (FY) dropped to 2% of the GDP, reaching EGP 85.3bn, down 2.2% from EGP 76.8bn in the same period of the previous FY, according to the Ministry (...)

06 - 12 - 2017
Shell dominates 19% of Egypt lubricants market
Saher Hashem, managing director of Shell Lubricants Egypt, said that the company's share of lubricants market increased to 18.5-19% this year, up from 6.5% in 2008, despite selling the petrol stations it owned. Shell had sold all its stations across (...)

05 - 12 - 2017
World Bank to disburse 3rd part of loan this month
The Egyptian government will receive the third portion—worth $1bn—of the World Bank loan before the end of this month, an official source at the Ministry of Finance said. According to the source, who asked not to be named, the World Bank's board of (...)

04 - 12 - 2017
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