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Implemented commercial, residential units not commensurate with market needs: Chairperson of Mountain View

During the ‘Think Commercial’ roundtable discussions held by Media Avenue and Window companies on Wednesday, developers agreed that the Egyptian market is attractive for investment in different sectors, but it is necessary to provide clear information on the size of commercial and administrative units and retail supply, as well as implement legislation prohibiting the change …

Shaimaa Al-Aees

Electricity Ministry to disconnect service for delay in paying bills

The Minister of Electricity and Renewable Energy, Mohamed Shaker, issued strict instructions to the heads of electricity distribution companies to collect all delayed bills on homes, shops, and government agencies. Electricity Ministry sources told Daily News Egypt that the Egyptian Electricity Holding Company decided to disconnect the service from those who refuse to pay their …

Daily News Egypt

Prime Minister orders restructuring Egypt ERA’s board of directors

Prime Minister Mostafa Madbouly issued a decree to restructure the board of directors of the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA). Daily News Egypt obtained a copy of the decree which includes the new formation of the board of directors that will last for three years under the chairpersonship of the Minister …

Mohamed Farag

Fifth Coaltrans Cairo discusses expansion in using coal in industrialisation

The fifth edition of Coaltrans Conference held in Cairo between 18-19 March discussed the possibilities of using coal as an alternative source of energy. The conference discussed the Egyptian government’s desire to shift to using coal in energy generation, along with other numerous industries. Coal has become a necessary adoption thanks to its low production …

Daily News Egypt

Omani sovereign wealth fund explores investment opportunities in Egypt

A mission from Oman’s State General Reserve Fund (SGRF) will visit Egypt soon to explore investment opportunities, according to a Tuesday’s statement by the Ministry of Investment and International Cooperation. The Minister of Investment, Sahar Nasr, visited the Omani capital Muscat as part of an Egyptian delegation to the Egyptian-Omani joint committee, which kicked off …

Daily News Egypt

Tatweer Misr signs MoU with NJIT, OCC to start first American IBC in Bloomfields at Mostakbal City

Tatweer Misr, an Egyptian real estate developer, signed a memorandum of understanding (MoU) with the New Jersey Institute of Technology (NJIT) and the Ocean County College (OCC) in order to establish Egypt’s first American International Branch Campus (IBC) in Egypt at Bloomfields’ project in Mostakbal City, east Cairo.  During a press conference held on Tuesday, …

Shaimaa Al-Aees

Inaugurating 30 June Axis within one month: Minister of Housing

The Minister of Housing and Urban Communities, Assem El-Gazzar, announced that the 30 June Axis, which is one of the state’s road network projects, will be inaugurated within a month, explaining that it will connect the governorates of Port Said, Ismailia, and Suez. He added that the axis will be completed to enable reaching the …

Daily News Egypt

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