The Executive Board of the Multilateral Investment Guarantee Agency (MIGA) approved $210 million worth of financial guarantees for international companies participating in an Egyptian solar project.
The Egyptian Ministry of Finance is preparing a list of oil and gas exploration-and-production (E&P) activities to be exempted from the value-added tax (VAT).
During fiscal year (FY) 2016/2017, Ganoub El Wadi Petroleum Company (Ganope) drilled 13 exploratory new wells.
The Egyptian Minister of Finance, Amr El Garhy, participating in the International Institute for Strategic Studies (IISS) Geo-Economic Forum, highlighted the complementary nature of the Egyptian and Bahraini economies.
Town Gas Company has launched a new service to enable Port Said residents to apply online for natural gas delivery.
Egypt will import $1.8 billion worth of liquefied natural gas (LNG) during fiscal year (FY) 2017/2018.
Egypt is preparing to finalize eight new oil and gas exploration agreements.
The Minister of Investment and International Cooperation, Sahar Nasr, said that her ministry was working to eliminate red tape and bureaucratic measures that discourage investment.
Egypt has concluded contracts to finance, supply, and maintain its planned nuclear power plant at El Dabaa.
The Egyptian Petrochemicals Holding Company (ECHEM) increased its revenues in fiscal year (FY) 2016/2017 to EGP 1.141 billion, a 56.6% increase from FY 2015/2016.
