BG to sign petroleum deal worth $4bn
British Gas (BG) is set to sign a deal with the Egyptian government on Sunday during the Economic Summit, with investments estimated at $4bn. The company received $350m from the…
Russia, Egypt to cooperate in Dabaa nuclear power plant, Russian tourists return in force: Russian Economy Minister
Ulyukayev said cooperation with Egypt will not be limited to the power plant, but also in delivering technology and staff training.
Target business in 2015 worth EGP 1bn with 9 operations: REDCON Chairman
REDCON allies with Chant and Osiga to establish solar plants with capacity of 100 MW and wind farms with capacity of 50 MW
Economic growth must be inclusive: Mohamed El-Erian
GDP was high when 25 January Revolution took place; five steps key for sustainable development, says Allianz SE advisor
Dana Gas to pump additional $350m in Egypt until 2018
Gas output to increase by 170mn cubic feet per day by 2017
Al-Suwaidan to inject $6bn in logistics centre, commercial city: Economic Summit
Emirati company Al-Suwaidan intends to pump investments worth $6bn in a logistics centre of grains and yields in Damietta and a commercial and shopping city in Ain Sokhna. The Minister…
Khalifa Fund activates development loan agreement to Egypt
A loan agreement between the Khalifa Fund for Enterprise Development, the Egyptian Ministry of International Cooperation and Social Fund for Development has been reintroduced, according to Khalifa Fund Chairman Hussain…
Cooperation Ministry, IDB, sign fund agreement: Economic Summit
The Ministry of International Cooperation has signed a funding agreement with the Islamic Development Bank (IDB) worth $200m to develop the benzoin distillation unit of Assiut refinery. Minister of Petroleum…
4 Egyptian, GCC companies compete for Gamasha Gulf project: Economic Advisor
Four Egyptian and GCC companies are competing to acquire the Gamasha Gulf project in the Red Sea, according to Adela Ragab, Economic Advisor to the Minister of Tourism. Gamasha Gulf…
Orders from Emir of Kuwait to immediately deposit $2bn at CBE: Kuwaiti Finance Minister
Kuwaiti Minister of Finance Anas Khalid Al-Saleh said that he received orders from the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, to immediately begin depositing $2bn at the Central…