Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    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    







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News in Brief
Published in Daily News Egypt on 01 - 07 - 2009

Egypt wind farm bid attracts 72 international firmsA total of 72 international companies have expressed interested in a tender to build a 250-megawatt wind farm on Egypt s east coast, state news agency MENA said on Tuesday. The number which applied until last week reached 72 international companies, which shows confidence in the Egyptian economy, the agency quoted Electricity Minister Hassan Younes as saying. Egypt announced the tender for the wind farm on a build-operate-own (BOO) basis on May 9. Firms were invited to submit qualification documents by July 21 for short-listing. The project developer would be required to design, finance, construct, own and operate the power plant for 20 to 25 years, and would sell the power produced during that period to the Egyptian Electricity Transmission Company. Egypt, which is a gas and oil producer, has been developing wind power along its Red Sea coast in its east. It aims to generate 12 percent of its power from wind farms and a total of 20 percent from renewable sources by 2020. Officials say Egypt s combined oil and gas reserves will last the most populous Arab country for roughly three more decades, pushing the drive for more reliance on renewable energy. Egypt already has farms at Zafarana and Hurghada on the Red Sea coast. It has also said it wants to build several civilian nuclear power stations to help avoid an energy crunch. -Reuters
Egypt mobile subscribers 45.6 mln at end of April The number of mobile subscribers in Egypt rose by 1 million to 45.587 million at the end of April compared with end-March, the government said on Tuesday. The country had 41.272 million subscribers at the start of the year, the government-run Egyptian Cabinet Information and Decision Support Centre said on its website (www.eip.gov.eg). Mobile subscribers in the most populous Arab country have been rising by roughly 1 million a month since February 2008. -Reuters
UAE s FlyDubai gets GE financing for 4 planes DUBAI: Low-budget carrier FlyDubai said on Wednesday it had secured $320 million financing with General Electric for four Boeing 737 aircraft to be delivered this year. The sale and lease back agreement with GE s Capital Aviation Services unit covers two aircraft due for delivery in July, one in October and one in December, a statement said. FlyDubai, which currently has only two aircraft, said this was the first financing it had secured from outside the United Arab Emirates. FlyDubai will expand from 4 to 14 destinations with the purchases. The Dubai government-owned airline ordered 54 Boeing single-aisle 737 aircraft in a deal worth around $4 billion in November. - Reuters
OPEC unlikely to hike output in Sept.: Kuwait OPEC is unlikely to raise oil output when its minister meet in September as the oil market is still oversupplied, Kuwait s oil minister said on Wednesday. I doubt there will be a further increase in production, Sheikh Ahmad al-Abdullah al-Sabah told reporters at parliament when asked for comment about similar views by fellow OPEC members about the September meeting. The minister said demand was still less than supply. Kuwait would like to see stricter compliance from OPEC members with agreed output curbs, Sheikh Ahmad said. I would like to see more compliance. The Organization of the Petroleum Exporting Countries (OPEC) agreed cuts of 4.2 million barrels per day to supply last year to match the fall in global oil demand due to the recession. Last month, members delivered about 72 percent compliance rate, down from 75 percent in May of those cuts, according to a Reuters survey of oil firms, OPEC officials and analysts. OPEC pumps more than a third of the world s oil. - Reuters


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