The Egyptian billionaire Ghabbour family has seen the market value of their equity stake in GB Corp slump by more than $26 million over the past 43 days due to …
Category:
Egypt
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AfricaAFRICA NEWSBusiness PoliciesEgyptNewsNorth Africa
Egypt recorded 29.5% increase in exports to Nile Basin countries in 2021
by Editorby EditorThe Central Agency for Public Mobilisation and Statistics issued the Annual Bulletin for Trade Exchange Between Egypt and Nile Basin Countries in 2021 that presents and analyses trade volume (exports- …
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AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern AfricaOil & Gas
Egypt and Greece reject Turkey-Libya maritime hydrocarbons deal
Egypt and Greece on Monday rejected the signing of the unity government in Libya, based on two memoranda of understanding formulated by Turkey in the field of hydrocarbon resources to …
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AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern Africa
World Bank approves a $400m loan to Egypt for low-carbon freight railway
The World Bank has approved a $400 million loan to Egypt to develop a railway bypass for freight trains that will help improve and decarbonise the country’s transportation and logistics sector, the …
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AfricaAFRICA NEWSEgyptNewsNorth AfricaNorthern Africa
EGAS announces 5 new gas discoveries in Mediterranean Sea, Nile Delta
The Egyptian Natural Gas Holding Company (EGAS) announced that 5 new gas discoveries were made in the Mediterranean and the Nile Delta, with total reserves of about 317 billion cubic …
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AfricaAFRICA NEWSBusinessEconomyEgyptNigeriaNorth AfricaNorthern Africa
Sisi directs CBE’s governor to end obstacles to import, manufacture within two months
President Abdel Fatah El-Sisi directed the Governor of the Central Bank of Egypt, Hassan Abdullah, to end all obstacles facing import and local manufacturing operations, resulting from the Russian-Ukrainian crisis, …
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AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt set up committee to ease customs clearance and tax return to participants in COP27
Finance Minister Mohamed Ma’eit has decided to form a committee, whose job it will be to ease customs clearance and value-added tax return to participants in the upcoming climate summit, …
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AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt aims to raise $6B through selling stakes in state-owned companies before mid-2023
Egypt aims to raise up to $6 billion, before June 2023, by selling stakes in state-owned companies, according to the Minister of Planning, Hala El-Said. El-Said added that the program …
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AfricaAFRICA NEWSBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern AfricaOil & Gas
Egypt’s gas exports hit $8B in 2021/2022
Egypt’s exports of natural and liquefied gas amounted to about $8 billion in the fiscal year 2021/2022, according to a cabinet statement on Sunday. Previously, Finance Minister Mohamed Maait said …
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AfricaBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
Egypt’s energy sector represents 13% of GDP
The Egyptian energy sector represents 13 percent of the gross domestic product (GDP) positioning as one of the main factors driving economic and social development, according to the Information and …