News / Egypt
GE to Increase Investments in Egypt
General Electrical plans to localize more of its manufacturing in Egypt and looks for another location to build a new facility, on top of the 5,000 square meters facility that is currently under construction.
EGAS Funded by 9 Banks
The Egyptian Natural Gas Holding Company (EGAS) will borrow a loan worth EGP 1.8b from nine Egyptian and Arab banks.
Egyptian Oil & Gas Taxes Estimated at EGP 44.17b
Egyptian oil and gas taxes were estimated to reach EGP 44.17b in the new budget of fiscal year 2017/2018.
Egypt Signs AFESD Funding Agreement for Solar Plant
The Egyptian Minister of Investments, Sahar Nasr, signed an Arab Fund for Economic and Social Development (AFESD) agreement worth $85m.
NREA Qualifies 5 Firms to Kom Ombo Plant
The New and Renewable Energy Authority qualified five companies to build a power plant in Kom Ombo, Aswan, which will have a capacity of 20MW and will be built in cooperation with the Agence Francaise De Developpement (AFD). JBIC is Aiming to Invest in Egyptian Petrochemicals
Tarek El Molla had a meeting with a delegation of Japan Bank for International Cooperation.
El Molla Chaired EDC’s General Assembly
Tarek El Molla headed the general assembly of the Egyptian Drilling Company (EDC) to review 2016 results.
Egypt to Pump 150mcf of Gas to Factories during April
150mcf of LNG were decided to be pumped to the stumbling factories during April.
