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Without Zohr gas field, Egypt would have plunged into darkness says President Sisi
Egypt would have plunged into darkness if not for the Zohr natural gas field, President Abdel Fattah Al-Sisi said on Sunday.
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Egypt is mainly concerned about controlling inflation, not exchange rate: Madbouly
Egypt’s Prime Minister Mostafa Madbouly said that the exchange rate doesn’t reflect the strength of the economy, and Egypt’s main concern is controlling inflation, pointing out that some countries…
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S&P Global affirms Egypt’s rating amid IMF, GCC support
s&P Global Ratings has affirmed Egypt’s B credit rating with a stable outlook on the back of expectations that fresh financial support from the IMF and the GCC will help meet “large” external…
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Egypt-Saudi power link project to begin trial operations in May 2025 – official
Egypt-Saudi Power Interconnection project is set to begin its first trial operations by May 2025, while the official operation will begin in two phases with a project capacity of 3,000 megawatts (MW).
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Egypt Economic Conference 2022 to launch on Sunday
The Egypt Economic Conference 2022 is set to kick off on Sunday in Cairo, with the participation of economists and businessmen, to draw a roadmap for the future of the Egyptian economy, the Egyptian…
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Juhayna, KarmSolar sign contract to build solar power plant in New Valley
Juhayna Food Industries Company signed a contract with KarmSolar Solar Energy Company to establish a hybrid central plant to generate and sell energy using solar panels, diesel generators and…
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Telecom Egypt, Lumen sign agreement to provide internet services in Egypt
Telecom Egypt has signed an agreement with the American company Lumen Technologies to establish the first regional focal point in order to provide internet services for telecommunications companies in…
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Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai
Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars in exchange for hard currency, Finance Minister Mohamed…
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Africa would need up to $1.6trn in climate finance until 2030
Any bold climate action would not be implemented without enough financing, clarifying that the shift to green energy poses a key challenge, particularly to developing countries, according to Egypt's…
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Egypt to inaugurate monorail project during the COP27
Minister of Transportation Kamel El-Wazir followed up on the preparations for the trial operation of the monorail system in which it will travel from the workshop to the New Administrative Capital…
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