News / Egypt
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.
Chairman of Egypt’s EGAS Visits Cyprus to Discuss Gas Imports
Egypt and Cyprus have activated the exchange of information between the two sides to start the technical and economic studies for the marine pipeline importing gas from Cyprus’ Aphrodite gas field.
Industry to Issue New Operating Licenses amidst Energy Crisis
The Ministry of Industry and Foreign Trade announced yesterday that it is working on new regulations for issuance of operating licenses for the steel and cement industries.
Press Release: Egypt Ministry Endorses Transport Company Petroleum Arrows
Sherif Ismail, Minister of Petroleum and Mineral Resources, headed the proceedings of (Middle East Oil Refinery) Petroleum Arrows’s General Assembly to endorse its 2014 results.
Ministry of Petroleum Claims Responsibility for Power Shortage
Using power outage to rationalize local fuel consumption in Egypt is common news; however, this year power shortages have begun much earlier than the expected summer months
