Month: May 2017

ENGIE sells 100% of West El Burullus offshore gas concession to Cheiron

Cheiron is a subsidiary of the Egyptian conglomerate PICO Group

Reem Hosam El-din

Government targets 4.6% economic growth in coming fiscal year

Total investments worth EGP 646bn, and the private sector share is 55%

Daily News Egypt

Abu Hamed insists on presenting Al-Azhar regulation law despite controversy

“All objections to the draft law are about generalities and not the…

Mohammed El-Said

WDEPC to pay JPY 327m to Mitsubishi next week

Company lost EGP 9.8bn due to exchange rate difference after flotation

Mohamed Farag

Attracting investment, improving business environment tops Al-Sisi’s visit to Bahrain

President concludes two-day Gulf tour after meetings with officials and businesspeople

Daily News Egypt

EGP 14 increase on ration cards per citizen in Ramadan

Government supports 71 million citizens with 21 million cards worth EGP 21…

Mohamed Ayyad

Indian tycoon Mallya ‘guilty of contempt’

Indebted liquor baron Vijay Mallya has been found guilty of contempt by…

Deutsche Welle

32% increase in chemical exports during Q1 2017

Egypt’s exports of inorganic chemicals decreased by 6%, reaching $59.5m, says CFC

Shaimaa Al-Aees

CBE obliges banks to not deal with more than 7 exchange bureaus

Banks and companies granted 4-month transition period to adjust, says Negm

Hossam Mounir

A tiny island’s gigantic green goals

The smallest of the Canary Islands wants to shift to 100 percent…

Deutsche Welle