Egyptian Prime Minister Moustafa Madbouly has ordered the speeding of work on the El-Tawarei Canal Axis development project.
The project aims to set up an urban area surrounding the axis of the canal stretching from Gesr El-Suez until Belbeis desert (...)
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 (...)
The Central Bank of Egypt (CBE) will resume its monetary easing cycle in the fourth quarter (Q4) of 2019, Fitch Solutions expected over its "Africa Monitor: North Africa" report released on Thursday evening, adding, "we expect the CBE to enact 200 (...)
Billed as a promising mega-project to make up around a third of Egypt's economy, Engineer Yahia Zaki's appointment as head of the Suez Canal Economic Zone was hailed by many.
Zaki is the managing director of consulting firm Dar al-Handasah that (...)
Egypt's President Abdel Fattah al-Sisi appointed Osama Rabie as chairman of the state-owned Suez Canal Authority, the presidency said in a statement on Saturday.
Osama Rabie
Its previous head, Mohab Mamish, was appointed as an advisor to the (...)
Egypt's Suez Cement reported net losses of 293.4 million Egyptian pounds ($17.7 million) during the first half of the year, up from 238.3 million pounds during last year, a loss ratio of 223.1 percent.
According to a company statement, revenues (...)
Nine private banks operating in the Egyptian market gained about EGP 14.941bn net profits during the first half (H1) of 2019.
According to the performance indicators of banks in Egypt during the last period, the Commercial International Bank (CIB) – (...)
Egypt's President Abdel Fattah El-Sisi appointed Lieutenant General Osama Rabie as chairman of the Suez Canal Authority, the presidency said in a statement on Saturday.
Its previous head, Mohab Mamish, was appointed as an advisor to the president on (...)
Egypt's President Abdel Fattah Al-Sisi appoints Admiral Osama Rabie as the new chairperson of the Suez Canal Authority succeeding Mohab Mamish, whose term ended. Mohab Mamish, the former head of the authority, was appointed as a presidential adviser (...)
Egypt targets increasing daily production of crude oil to hit 690,000 barrels by the end of the current year, Petroleum Minister Tarek el-Molla said on Monday.
In a statement, the minister added that the average daily output currently stands at (...)
An agreement to provide financing worth $206 million (£171 million) in the development of a wind farm in Egypt has been confirmed.
The 252MW West Bakr Wind project, being developed by Lekela in Egypt's Red Sea governorate, is expected to produce (...)
When you wander in Egypt's streets, you may notice some children sleeping on pavements or under bridges, or even begging for money from pedestrians. Those children are known as homeless children or street children. They are victims of different (...)
اختتمت وزارة الشباب والرياضة، ثاني معسكرات برنامج دعم المبادرات الشبابية "ايدك معانا" الذي نظمته الوزارة بمشاركة 33 مبادرة، خلال الفترة من (4-8) اغسطس الجاري لمحافظات "بورسعيد، والإسماعيلية، وشمال سيناء، وجنوب سيناء، السويس، ودمياط"، والذي يأتي في (...)
The world's largest container ship passed through the Suez Canal on Friday, the head of the Suez Canal Authority Mohab Mamish said.
The 4,000-metre vessel MSC GULSUN of the Megamax 24 class, owned by Switzerland's Mediterranean Shipping Company (...)
Suez Canal's revenues hiked by 5.4% to record $5.9bn in fiscal year (FY) 2018/19, according to Chairperson of the Suez Canal Authority (SCA), Mohab Mamish.
Mamish revealed in a press conference on Tuesday evening that $25bn was invested in the Suez (...)
President Abdel-Fatah El-Sisi inaugurated on Wednesday the new Phosphatic and Compound Fertilizers Complex in Ain Sokhna in the governorate of Suez, which would be the largest industrial establishment for producing fertilizers in North Africa.
The (...)
Egyptian private-sector firm Benchmark Power International (BPI) and state-run El Nasr For Fertilizers and Chemicals Industries (SEMADCO) signed a preliminary deal to establish a$600 million ammonia production plant in Suez.
The Minister of Public (...)
Egyptian contractor Hassan Allam and Spanish Intecsa International have won mandates to establish a phosphatic and compound fertilizers complex in Ain Sokhna, set to be the biggest in the Middle East.
The project, which will be completed in three (...)
The Ministry of Electricity asserts it's ready for the Eid al-Adha holiday (11-14 August) when the heat is at its height and the power consumption rates shoot high.
The peak of the summer season (high power consumption) this year coincides with the (...)
Since the beginning of this year, the iron industry has been subjected to a legal battle started by integrated steel plants and hot rolled steel manufacturers after the Ministry of Trade and Industry issued resolution no. 346 in April imposed, a (...)
President Abdel Fatah Al-Sisi inaugurated on Wednesday the new Phosphatic and Compound Fertilizers Complex in Ain Sokhna in the governorate of Suez. The complex is the largest in North Africa, with an annual processing capacity of 500,000 tonnes of (...)
Egypt's Oil Ministry announced on Tuesday the discovery of a new natural gas in the Nile Delta area, with an estimated production of 20 million cubic feet per day, a move to help the country become a regional energy hub.
According to a ministry (...)
Egypt's petroleum ministry announced on Sunday a new gas discovery in the Nile Delta.
The new gas find is with an estimated production of 20 million cubic feet per day, which would help the North African country become a regional energy (...)
East Port Said Development company is set to receive additional lands of 500,000 metre squares from the Suez Canal Economic Zone (SCZone) this week, General Manager of Commercial Affairs, Ahmed Al Mufti said Amwal Al Ghad .
He further noted that (...)
Egypt's revenues from the Suez Canal in the four financial years from 2015/2016 – when a new parallel channel was inaugurated – until 2018/2019, recorded 317.2 billion Egyptian pounds ($19.1 billion).
Revenues stood at 41 billion pounds in the (...)
