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Tag Archives: egypt

Saudi Arabia pumps $400m investments into Sinai development

Egypt’s investment and international cooperation minister Sahar Nasr said Sunday that Saudi Arabia has injected investments worth $400 million during the recent weeks as part of the Egyptian-Saudi agreement to develop the Sinai Peninsula. Nasr noted that total Saudi investments in Sinai rose to $900 million. The Sinai development programme …

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Egypt’s energy future between reality & Challenges

Egypt is the second largest producer of natural gas in Africa after Algeria, yet Egypt’s power generation infrastructure is dependent on natural gas . More than 75% of the electricity generated in Egypt comes from natural gas plants. Egypt currently produces about 3.9bn cubic feet of gas per day and imports another 1.1bn …

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Bechtel Awarded Two Contracts For Petrochemical Projects in Egypt

Bechtel, a company in engineering, procurement, and construction, announced that the company has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and the other to build two new polypropylene units at an adjacent site. …

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Getting youth into the equation

By: Mona Alam el-Din There is no doubt that Egypt’s young population represent the core of sustainable development in Egypt and the wealth of our nation, being one third of the population, it is our challenge to integrate youth into society and cultivate their knowledge, education and perception towards unleashing …

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China’s African investments in 2016 exceed US and UK

Africa remains a virgin land of resources and opportunities, as well as, a consumer market with a growing population. China is poised to take advantage and strengthen its influence on the continent. That much was clear last year Foreign Direct Investment (FDI) from China to Africa grew sharply with a …

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Egypt’s rice reserves enough for six months

Egypt’s strategic supply of rice will cover more than six months’ worth of domestic consumption, state news agency MENA reported on Friday. The average price stands at EGP 6.5-7.5 per kilogram, and the food staple will be available in amounts to meet consumer needs, MENA reported Ragab Shehata, the head …

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Sisi’s visit to the US leads EGX to green

The Egyptian Exchange (EGX) ended Tuesday’s trading session in green due to Egypt’s president meeting with Trump, on the back of the purchases of foreign and Arab investors, as the market capital increased by about EGP 7 billion. The benchmark index EGX30 went up 1.56%, gaining 203.68 points, and closed …

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