News / Egypt
Egypt, Ethiopia, and Sudan Sign Preliminary Agreement over Renaissance Dam
Egypt, Ethiopia, and Sudan announced on December 29th that they had reached a consensus over the next steps of Ethiopia’s Renaissance Dam project. However, concerns still remain for Egyptian officials.
Egypt and Japan Expected to Sign Cooperation Agreements in January
Coordination has begun between Egypt and Japan to sign agreements on a number of cooperation projects during President Sisi’s visit to Japan in January, including in the energy field.
El Molla: Egypt Awarded Tender for Oil Products Supply in January
Egypt has awarded petroleum tenders to a number of companies to supply Egypt with oil products in the month of January, until a five year deal with Saudi Arabia is concluded as expected in early 2016, according to Petroleum Minister, Tarek El Molla.
Final Negotiations over Dabaa Plant to Conclude in January
Electricity Minister, Mohamed Shaker said that Egypt and Russia will reach a final agreement on the technical, financial and technological details of the Dabaa Nuclear Plant in January.
El Molla: Energy Subsidies Lower Due to Global Price Decline
Egypt spent EGP14b on petroleum subsidies in Q1 of the 2015-16 fiscal year, according to Petroleum Minister, Tarek El-Molla.
NBE Loans to Electricity Sector Worth EGP39.4b over 5 Years
The total amount of syndicated loans the National Bank of Egypt has made to the electricity sector over the past 5 years is approximately EGP39.4b, according to NBE Deputy Chairman, Mahmoud Montasser.
Leviathan Partners and BG Negotiating $30b Egypt Gas Deal
The partners in Israel’s Leviathan Gas Field are close to an agreement with British Gas (BG) to export gas to Egypt. The $30b deal is expected be signed before BG is purchased by Shell in late January.
Government Evaluating Standards for Entities Subject to Real Estate Tax
The Property Tax Authority is preparing a draft of the standards for evaluating entities which will be subject to a new real estate tax on tourist and energy establishments.
