News / Egypt
Toyota to Invest in Egypt´s Renewable Energy
Toyota will invest over $1.5 billion in gas exploration in Egypt’s Mediterranean and renewable energy, according to a Tuesday statement by the Egyptian Foreign Ministry.
Solar Energy to Irrigate 220,000 Acres in Kom Ombo
The Egyptian-Emirates Group has signed a MoU with the Egyptian Minister of Agriculture to develop a plan regarding the reclamation of 220,000 acres in Kom Ombo, Aswan, using solar energy
Egypt to Receive 2nd LNG Floating Terminal in August
Sherif Ismail, Minister of Petroleum announced the arrival of a second floating LNG terminal in August of this year, Reuters reported.
Investments worth $47bn to Be Pumped in the Petroleum Ministry
According to the Egyptian Petroleum and Mineral Resources Minister Sherif Ismail, the energy sector is estimated to receive investments worth $47bn over the next five years.
Egypt to List 3 State Owned Companies Petroleum Companies
The stock market can be a great platform for state-owned companies to finance their future plans.
3.25 bcf of Gas to Feed Increased Electricity Demand in Summer
President Abdel Fattah Al-Sisi met with Prime Minister Ibrahim Mehleb, Minister of Electricity Mohamed Shaker and Minister of Petroleum Sherif Ismail Sunday to discuss methods of reducing summer electricity blackouts.
Egypt Stocks Fall as Yemen Conflict Escalates
Egypt stocks plummeted on Sunday for the second consecutive session as the regional conflict in neighbouring Yemen pushed local investors to sell.
EGPC to Receive $3bn Loan from IDB
Minister of International Cooperation Naglaa Al-Ahwany and the Director of IDB Ahmed Mohamed Ali signed an agreement granting a loan of $3bn to the Egyptian government.
