Egypt's Planning Minister said 6,200 projects have been implemented in various sectors during the financial year 2018/2019.
The works, costing 490 billion pounds ($30 billion), include 32 national mega projects worth a total of 54 billion pounds, (...)
Halan, an Egyptian technology start-up that uses two- and three-wheeled vehicles to transport passengers and goods, will begin operating in Ethiopia before the end of 2019, its chief executive told Reuters.
Halan, an Egyptian technology start–up
The (...)
Egypt's police dispersed on Friday evening limited protests in Downtown Cairo and several other cities following calls to demonstrate against alleged mismanagement of public funds by government administration.
Hundreds of protesters marched and (...)
Italy's Eni said on Tuesday it has started gas production from the Baltim South West field offshore Egypt, with output at an initial rate of 100 MMcf/d (2.8 million cubic metres per day).
The startup comes just 19 months after Eni took the final (...)
Plans to start exporting natural gas from Israel to Egypt are on track but further steps are still needed before exports can commence, Egyptian Oil Minister Tarek el-Molla said on Monday.
"Everything is agreed on … countries (involved) have already (...)
Egypt's Marseilia Real Estate Investment plans to execute a tourist project in El-Dabaa city, 295.9km (183.9 miles) from Cairo on the north, said its chairman on Sunday.
Marseilia will carry out the project in partnership with another real estate (...)
Al Dau Development is looking for expansion across Egypt, Mohamed Salem, senior operations and commercial director at Al Dau, told Daily News Egypt in an interview, where he talked about the company's projects and development plan; the transcript (...)
Egyptian and French naval forces carried out joint drills in the Mediterranean Sea on Tuesday.
The naval exercise was carried out at the Mediterranean's northern fleet by French frigate Jean Bart and Egyptian frigate Damietta.
The exercises come as (...)
Egyptian President Abdel Fattah al-Sisi on Thursday approved a $300 million loan from the Beijing-backed Asian Infrastructure Investment Bank (AIIB) to help finance infrastructure projects in the country.
Signed in December 2018, the loan will go (...)
Tower Developments aims to complete 35% of construction works in residential buildings of the first phase of Tower Bay project in Port Said by the end of the year, Ahmed Lashin, the company's CEO, said.
Tower Bay is being built on 102 feddan over (...)
Egyptian and French naval forces executed joint naval exercises in the Mediterranean under a plan to boost and support military cooperation relations with all friend countries.
According to the statement, the naval exercise was carried out at the (...)
Prominent government sources estimated that imports of crude oil and petroleum products during the fiscal year (FY) 2019/20 to decline by 21.8% to 22.2 million tonnes of crude oil, compared to 28.4 million tonnes, in previous FY.
Consequently, (...)
A new beet sugar factory currently built by Canal Sugar, owned by Dubai-based Al Khaleej Sugar Refinery, would bridge 57% of local market gap, the company's CEO Islam Salem said during a press conference on Tuesday.
Salem added that the new plant, (...)
Canal Sugar, owned by Dubai-based Al Khaleej Sugar Refinery, plans to build a pier and grains terminal in Egypt's port city of Damietta with $200 million in investments, its CEO said on Tuesday.
The new terminal will have a discharge capacity of (...)
Canal Sugar, owned by UAE's Al Khaleej Sugar Refinery, is planning to build a pier and grains terminal in the Egyptian port city of Damietta with $200 million in investments, its chief executive said on Tuesday.
The new terminal will have a (...)
Cyprus will transport initial natural gas production from its Aphrodite field to Egyptian liquefaction terminals between 2024 and 2025, energy minister George Lakkotrypis said on Thursday.
The step will be followed by a re-export to Europe in the (...)
The global net income of the American multinational hospitality company Hilton reached $225m during the fourth quarter (Q4) of 2018, while the full year's net income recorded $769m, according to Hilton's Fourth Quarter and Full Year 2018 Results. (...)
Egypt has signed a $14 million agreement with the OPEC Fund for International Development (OFID) to build two wheat silos in the Canal city of Port Said, the cabinet announced on Wednesday.
The project aims to raise Egypt's port storage capacity for (...)
Egypt inked a $14 million agreement with the OPEC Fund for International Development (OFID) to build two wheat silos in Port Said, the cabinet said on Wednesday.
The project aims to raise Egypt's port storage capacity for imported wheat by around (...)
The Minister of Petroleum and Mineral Resources, Tarek El-Molla, held a meeting with the US Secretary of Energy, Rick Perry, and Assistant Secretary of State for Energy Resources, Frank Fannon, ahead of their participation in the preparatory (...)
Banque Misr has opened two business development services (BDS) centres in its branches in Sadat and New Damietta cities.
The centres aim to support entrepreneurs, unleash the potential of young people, increase the number of small and medium-sized (...)
The Central Bank of Egypt (CBE) is discussing with the European Bank for Reconstruction and Development (EBRD) offering new banking products to the local market, EBRD's Vice President for Banking, Alain Pilloux, said.
"We have invested in our 13 (...)
Chairman and Managing Director of Al Khaleej Sugar Company, a unit of Al Ghurair Group, Jamal Al Ghurair asserted his full confidence in the investment climate in Egypt, noting that his company plans to expand its projects in the country.
Al (...)
The Saudi Egyptian Construction Company (SECON) announced opening the door for reservations in its new Bleu Vert compound in the New Administrative Capital (NAC) last Wednesday, established with a total investments of EGP 10bn.
The company, one of (...)
Chairman and Managing Director of Al Khaleej Sugar Company L.L.C, a subsidiary of Al Ghurair Group, Jamal Al Ghurair asserted his full confidence in the investment climate in Egypt, noting that his company plans to expand its projects in the (...)
