News / Egypt

AMOC to Offer Shares on Stock Market

AMOC plans a secondary offering of 10-20% of its shares on the Cairo stock market and will also issue 10% a global depository receipts in London.

Egypt and Russia to Sign Nuclear Agreement

Russia and Egypt will sign main contracts for construction of Dabaa Nuclear Power Plant (NPP) in 2017.

Cabinet Approves EGP 37b Loan for Power Grid Capacity

The Ismail cabinet reportedly signed off on EGP 37b in loans to the Egyptian Electricity Transmission Company (EETC) to fund expansions to absorb a production capacity of 18 GW by 2018.

Egypt and India to Boost Oil Cooperation

Tarek El-Molla meets with a delegation of Indian businessmen and representatives of The Confederation of Indian Industry.

Misr Petroleum Denies Rumors of Cheated Fuel Supply

The Chairman of Misr Petroleum Company, Mohamed Shaban denied rumors of providing cheated fuels in a Heliopolis gas station.

Dana Gas Freezes Egypt’s Investment over Arrears

Dana Gas will not inject new investments in Egypt because of delays in obtaining payments owed to it by the government.

Electricity Ministry to Announce Details about Dabaa Nuclear Project

The Egyptian Ministry of Electricity is preparing to publicly announce the details of the Dabaa nuclear power plant in cooperation with Russia.

Egypt’s Estimated Investments at $8b

The Egyptian Ministry of Petroleum and Mineral Resources estimated investments of current fiscal year 2016/2017 at $$8b

Town Gas Company Provided Gas to 3.2m Customers

Town Gas has provided gas to 3.2m customers, out of 7.7m, all over the country.

EGPC, NBE Agreed on Gas Meters Installment

The Egyptian General Petroleum Corporation (EGPC) agreed with the National Bank of Egypt (NBE) on the installments for gas meters at the housing units all over the country to be paid during 1 to 7 years.

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