News / Egypt
Egypt Lures Chinese Investment in Electricity, Transportation
An Egyptian-government committee has decided on a series of projects in electricity generation, construction, and transportation designated for bilateral cooperation with China, which will be offered to the Chinese delegation accompanying Chinese President, Xi Jinping's visit to Egypt in February.
Russian Business Delegation to Visit Egypt in Mid-January
A number of Russian firms will visit Egypt in mid-January to discuss investment in the fields of power, agriculture, tourism, and automotive.
Egyptian Industry: Energy and Dollars Biggest Challenges in 2016
Energy and foreign currency shortages will be the primary challenges facing Egyptian industry in the coming year.
Zohr Discovery Boosts Investment Interests in Mediterranean
Eni’s discovery of the Zohr field on Egypt’s Mediterranean coast has raised foreign companies' interest and attracted potential investments in the deep water areas nearby.
Egypt’s Arrears to Oil Firms Rise to $3b at End of 2015
Egypt’s overdue debt to foreign oil companies rose to $3b at the end of December 2015, up from $2.7b at the end of October, said Petroleum Minister, Tarek El Molla. El Molla: Egyptian-UAE Energy Ties are Strong, Positive Outlook for 2016
Egypt and UAE have become close across the economic and political spheres over the past three years, Egyptian Petroleum Minister, Tarek El Molla said, as Cairo has been receiving a flow of broad support from the UAE mainly in gas and oil products shipments.
Egypt and Saudi Arabia to Meet January 5 to Discuss Investments
Egypt and Saudi Arabia will meet again on January 5th, as a part of the Egyptian-Saudi Coordination Committee, to discuss the details of $8b investments announced by King Salman Abdel Aziz in mid-December. The Saudi King has agreed to assist with Egypt’s energy needs and is expected to support Investments in energy, tourism, housing and agriculture. Egypt’s Ministry of Petroleum Begins New Strategy
Egypt's Ministry of Petroleum has a new strategy for reducing imports, adding value to Egyptian products and making Egypt an energy hub in the Middle East, a source in the Ministry told Egypt Oil and Gas.
