Hitachi Energy, formerly Hitachi ABB Power Grids, is delivering to Vestas a grid integration solution to connect the 250-megawatt Gulf of Suez 1 Wind Farm to Egypt's national power grid.
Vestas is the world's leading supplier of wind turbines1 and (...)
Egypt's economy grew at a faster rate than expected during fiscal year FY2020/21 due to robust consumption demand, growing remittances, and contained inflation relative to recent history, according to the World Bank's (WB) 'January 2022 Global (...)
Egypt has awarded BP and Eni a gas exploration concession in the eastern Mediterranean, the two companies announced in separate statements on Monday.
Each company will have a 5 percent stake in the 3,200 square kilometres (1,236 square miles) (...)
Eni announced on Monday it has been awarded five new exploration licences by the Egyptian Ministry of Petroleum, located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez
The licences, four of which as operator, are in the Egyptian (...)
demonstrates the iron prices in Egypt as of on Sunday, January 09, 2022.
The table below shows the prices of iron in Egyptian pound, according to the biggest iron companies in the country.
Company name Prices per tonne
Ezz Steel 15,000
Beshay (...)
The Central Bank of Egypt (CBE) has revealed that the country's net international reserves rose to $40.934bn in December 2021, an increase of $25m from November's $40.909bn.
Egypt's international reserves consist of foreign exchange (FX), gold, (...)
Egypt has begun implementing the first 10 stations of the bus rapid transit (BRT) system, for which the architectural and construction drawings have been completed, according to Minister of Transportation Kamel El-Wazir.
The stations are in Suez, (...)
Egypt has awarded eight oil and gas exploration concession areas in the Mediterranean, Western Desert, and the Gulf of Suez to international oil companies.
This came in a Monday press statement by the Egyptian Ministry of Petroleum and Mineral (...)
Egypt's revenues from the Suez Canal reached a new record of $6.3 billion for 2021, the highest annual yearly ever, said the canal's authority chairman Osama Rabie said on Sunday.
The vital waterway also broke its highest yearly tonnage record with (...)
The Suez Canal Bank participated — with a value ranging from EGP 195m to EGP 200m — in the securitisation processes of two financial leasing and mortgage finance companies.
The bank participated with EGP 100m in the securitisation issuance of Global (...)
Osama Rabie, the Chairperson of the Suez Canal Authority (SCA), announced on Sunday that the navigation statistics of the canal in 2021 recorded new and unprecedented figures, achieving the highest annual revenue in the history of the canal — (...)
Egypt has witnessed unstable weather and heavy rain since Thursday. Five governorates, including Alexandria, Beheira, and Gharbeya, suspended classes on Saturday.
The Ministry of Health and Population announced that 13 citizens died and were (...)
Ambassador of Egypt to Moscow Nazih Al-Najari met with Russian First Deputy Minister of Industry and Trade Vasily Usmakov on Wednesday, in which they discussed aspects of economic cooperation between the two countries in various fields, according to (...)
In fact, New Cairo is one of the third-generation cities that was established in 2000. Recently, New Cairo has witnessed a great demand for residential projects and housing units. The City is still the destination for many people who search for (...)
Egypt's Minister of Water Resources and Irrigation, Mohamed Abdel Aty, met on Tuesday with Ali Menoufy, head of the Egyptian General Survey Authority, to follow up on the most works and activities of the authority, in the fields of surveying and (...)
Minister of Public Enterprises Sector, Hisham Tawfik, said that Egypt produces 7.8 million tonnes of nitrogen fertilizers and 2.4 million tonnes of phosphate fertilizers annually, while the local production of ammonia nitrate amounted to 1.1 million (...)
Chairperson of Suez Canal Economic Zone (SCZONE) Yehia Zaki witnessed signing a contract for the establishment of the largest integrated industrial complex for the production of methanol, ammonia, and its derivatives in the industrial zone in Ain (...)
Nawah Community Arts Festival concluded its activities on 16 December, in a ceremony attended by Ismail El Far, Director of the Central Administration for Training and Projects, on behalf of Ashraf Sobhy, the Minister of Youth and Sports; UNFPA (...)
The Supreme Committee for Beach Licensing, headed by Minister of Water Resources and Irrigation Mohamed Abdel Aty, held a meeting on Monday, to discuss the status of Egypt's shores in light of climate changes.
The meeting was attended by Yasmine (...)
Egypt's President Abdel Fattah Al-Sisi met on Sunday with Prime Minister Mostafa Madbouly, Minister of Transport Kamel El-Wazir, and Head of the Armed Forces Finance Authority Ahmed El-Shazly.
The president followed up on the national projects to (...)
Egypt's revenues from the Suez Canal recorded $6 billion from January until the first half of December, the highest level ever, said the canal's authority chairman Osama Rabie on Sunday.
This year, the navigation rates have been very promising, (...)
Admiral Osama Rabie, Chairperson of the Suez Canal Authority (SCA) witnessed last Monday the signing ceremony of a licensing contract for two vacant plots of land owned by the SCA in the Ataka quarry area in front of the port of Adabiya, for the (...)
Suez Canal Bank has contracted with the Advanced Financial Solutions (AFS) to supply and operate an automated risk management system that utilizes the latest technological solutions in the field of comprehensive banking risk management.
The contract (...)
Dubai – The Egyptian pavilion at Expo 2020 Dubai saw the largest turnout in the international event. A total of 350,000 people visited the Expo within only two months since its inception. Daily News Egypt toured the Expo and visited several (...)
Egypt plans to launch its first green hydrogen plant in November 2022 to coincide with its hosting of the COP27 United Nations Climate Change Conference, said chairman of the Egyptian sovereign fund on Tuesday.
The Sovereign Fund of Egypt (TSFE), (...)
