Red Sea, South Sinai tourism businesses granted health and safety certificates
8 diving centres, 6 yachts, 2 marine activities centres receive health safety certificate to reopen
Petroleum Minister announces new gold discovery of 1m ounces reserve
The reserve, which has a 95% recovery rate, has one of the highest rates of extraction, and with a total $1bn investment over the next 10 years.
Industrial stocks surge in anticipation of more energy prices cut
Industry sources told Daily News Egypt that companies, including Egyptalum, continue to push hard for a further lowering of electricity prices from the current $0.06/kwh or EGP 1.0/kwh, to $0.04/kwh.
Egypt’s automotive sales up 36% m-o-m in May
GB Auto market share declined to 13.9%, down from 19.5% in April
EU grants €24.8m for EBRD’s Green Energy Financing Facility in Egypt
Facility focuses on renewable energy investments through private sector loans from local financial institutions
Egypt, USAID discuss 5 future projects with $105m investments
Two sides also discuss new cooperation strategy for next five years
FEB refutes rumors of Egyptian banks funding GERD
Mohamed El-Etreby, FEB Chairperson stressed that there are no Egyptian banks, or banks operating in Egypt that purchased Ethiopian government bonds
Government discusses increasing efficiency of health facilities
The discussions were held as Egypt continues its fight against the novel coronavirus (COVID-19).
2 cloth masks to be provided on each ration card
The minister added that supplying the face masks will be phased in according to the rate of supply from factories to stores. He noted that a total of 250,000 masks…
ITFC injects $9.6bn into Egypt over 12 years: Planning Minister
The minister praised the ITFC’s remarkable activities in development, and the notable rate of progress in implementing its Egypt funding programme for 2020