Ismail signs three energy purchase agreements for solar energy projects
Prime Minister Sherif Ismail witnessed the signing ceremony of three power purchase agreements for photovoltaic solar power projects (cap. of 150 megawatts) with a...
5 companies win tender to supply 250,000 smart electricity metres
Five companies won a tender to supply 250,000 smart electricity metres—out of seven companies that submitted their bids to the Ministry of Electricity and...
Egypt targets being a regional energy production hub
It is worth noting that the investment atmosphere in Egypt is flourishing after signing several agreements with several international institutions and investors. Regarding foreign investments, the Ministry...
WeWork to raise $4.4bn in funds from SoftBank
WeWork has just raised an extra $4.4bn in funds from SoftBank Vision Fund and SoftBank Group, according to a statement on Thursday by the...
YuMi, When Advanced Robotics meets Art
YuMi, the world’s first truly collabourative dual-arm robot, made its debut at the opera by
conducting Italian tenor Andrea Bocelli and the Lucca Philharmonic Orchestra...
Unsecured personal data on Amazon server
More than four million records of users of Time Warner Cable’s MyTWC app were found unsecured on an Amazon server last month, digital security...
Interest Rate cuts in Egypt, significance of the achievement
Over the past weeks, investors regarded the Central Bank’s move towards lowering the interest rate by 1% from 17.75% to 16.75% as positive economic...
Consortium including Western Digital offers $17.4bn for Toshiba chip unit
A consortium that includes Western Digital is offering 1.9tr yens ($17.4bn) for Toshibas memory chip business, which the Japanese conglomerate is trying to sell...
Huawei unveils faster phone chip
Huawei aims to use artificial intelligence-powered features such as instant image recognition to take on rivals Samsung and Apple when it launches its new...
Apple iPhone 8, iPhone 8 Plus pre order starts from September 22
It has been confirmed that the pre-orders for iPhone 8 and iPhone 8 Plus will start in India from this month. While Apple has not officially announced the...
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Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...
El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez
Minister of Petroleum and Mineral Resources Eng. Tarek El Molla and ADES Drilling Company CEO Mohamed Farouk have witnessed the signing of...