Egypt set to export electricity to Cyprus, Greece in October 2021
Egypt is set to sign two agreements for electricity export to Cyprus and Greece in October.
Abdel Razek Al-Shuwekhi
790 Articles
Latest by Abdel Razek Al-Shuwekhi
Egypt tourism sector receives 60% of dues from foreign tour operators: Al-Anani
Country has strong relationships with international travel and tourism companies, says Tourism Minister
Diverse tourism marketing campaigns needed as Egypt may become post- pandemic ‘safe haven’: OUD
We seek to establish medical tourism complex, exploiting Egypt’s natural resources, says Marriott Hills
Coronavirus outbreak requires TSFE intervention to rescue private airlines: ex-official
‘History of aviation sector will be in form of era before and era after coronavirus,’ says Hassan Aziz
Amid increasing flight suspension, Federation for Private Aviation asks for government aid
Flights to Arab Gulf decline from 25 to one flight a week, says Lamloum
L’Oréal Egypt offers €16,000 for Egyptian PhD, postdoctoral female researchers
Company exports 85% of its products, says Nahla Mokhtar
Finance Ministry rejects SMEs law article amendments
MSMEDA given five years, administrative detention stopped
Egypt’s parliament calls on government to reduce gas prices for factories
Egyptian member of parliament believe fair gas prices for factories is $3.5-4.5 per million British Thermal units
Parliament to discuss automotive industry draft law end-February
Car manufacturers, feeding industries companies invited to attend draft law discussions
Travco Group to raise prices, increase average occupancy in 2020
The group’s capacity increased to 13,400 rooms this year: source
Egypt’s petroleum products, gas consumption up to 92.4m tonnes in FY 2019/20: source
Domestic fuel needs increase by 4% annually, according to sources
Egypt aims to increase oil exports revenues to $8.5bn in FY 2019/20
Quantities include the foreign partner’s share at an average price of $55 a barrel, say government sources
Misr Travel targets EGP 150m loan from EBRD
Talal Abu-Ghazaleh Organisation will complete the company’s restructuring in December: Source
Recent interest rate cuts save EGP 20-25bn in state budget: Finance Ministry
Interest cuts will not affect attractiveness of government debt instruments, says Kouchouk
Egypt targets 3.8% growth in oil, condensates production in FY 2019/20
Refining 3.6m tonnes of crude oil, gas production increases to 51.1m tonnes, says source
Investments in oil sector reach $10.633bn in FY2020
Foreign companies pump 94.3% of investments, state-owned companies represent 5.7%
Nesma Airlines targets 23.6% growth passenger traffic to and from Egypt in 2019: CEO
Company to add 2 aeroplanes to fleet by end-2019 under financial leasing, says Lamloum
Mineral sales increase to $740m in FY 2019/20
State revenues from mining activities increase to $60m, says source
Tourism investors owe $180m to government
600 investors obtained lands from Tourism Ministry, failed to pay lands’ instalments
Egypt’s crude oil, petroleum products imports decrease by $3bn in FY2019/20: Government sources
Country’s domestic consumption of natural gas to increase to 51.1 million tonnes
EGPC forecasted net profit fell to EGP 21.4bn in FY 2019/20, down 30%
Profit targets were set based on minimum oil, gas production, say sources
Government allocates EGP 500m for Marina Alamein’s Development
Taamir is negotiating with several government agencies for new activities in city, says Zaazou
Egyptian Mineral Resources Authority targets EGP 2.4bn in profits in FY 2019/20
Government calls on management to develop various investment plans to increase profits
Egypt aims to export $2bn worth of gas FY 2019/20
Linking North Alexandria, Zohr, Borolos fields raises local production, says government source
Government suggests raising monopoly fine to EGP 500m in Protection of Competition Law amendment
President entitled to appoint authority’s board of directors but cannot dismiss them
CAO detects EGP 1.7bn not supplied by Egypt’s special funds in 2017
Income, VAT revenues in first quarter of current FY exceeded target
We seek to issue T-bonds, T-bills with long terms ranging from 10-30 years: Moeit
High Federal Reserve’s interest rate raises cost of converting maturity of Egyptian debt to medium, long, says Omar
Rooms revenue at Nile Ritz-Carlton up by 22% in 2018
Occupancy rates at 77%, Dahab hotel to be completed in 2019
France to launch campaign to promote investment in Egypt next March: ambassador
Macron will visit Cairo within few weeks
IPO’s high committee will look into first phase next month: Tawfik
Phase included floating 23 companies in banking, chemicals, petroleum, insurance sectors