Madbouly visits Zohr field to inspect drilling commencement on Saipem 10000 rig
Prime Minister Mostafa Madbouly visited the Zohr natural gas field, located north of Port Said, to inspect the Saipem 10000 drilling rig. Accompanied by Minister of Petroleum and Mineral Resources…
Egypt prioritizes macroeconomic stability, private sector growth: Al-Mashat
The Egyptian government is committed to enhancing macroeconomic stability and strengthening resilience against global changes, according to Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation. Addressing the Akhbar…
Advancing industrial development through modernization, investment: El-Shemy
The Ministry of Public Enterprises Sector is advancing its efforts to develop the industrial sector within its affiliated companies and enhance their performance. Minister Mohamed El-Shemy affirmed that a comprehensive…
Electricity Minister highlights partnerships, investment in renewable energy
Mahmoud Essmat, the Minister of Electricity and Renewable Energy, has reaffirmed Egypt's commitment to establishing partnerships, attracting private sector investment, and promoting participation in energy projects. He emphasized that there…
Egypt’s Suez Canal explores food security partnership with China’s FAMSUN
Suez Canal Authority (SCA) Chairperson Osama Rabie recently met with Chen Zhengjun, President of China’s FAMSUN, to discuss potential collaboration in food security. The talks centered on forming a strategic…
EU considers easing sanctions on Syrian energy sector, conditions apply
The European Union (EU) is considering a partial suspension of sanctions targeting Syria's energy industry, potentially lifting the ban on crude oil imports and the export of oil and gas…
Egypt and Morocco to host the Regional Center for Raising Bio-Manufacturing Capacities (RCCN)
The Academy of Scientific Research and Technology (ASRT) announced on Saturday, that Egypt was selected as the headquarters of the Regional Center for Raising Bio-Manufacturing Capacities for the North African…
CBE hosts Yemeni delegation to share Egypt’s pioneering experience in payment systems
The Central Bank of Egypt (CBE) recently hosted a delegation from the Central Bank of Yemen (CBY), in line with Egypt’s commitment to fostering cooperation with Arab nations across various…
Banque du Caire leads $75m consortium to finance Cheiron Egypt Delta’s gas field development
A banking consortium led by Banque du Caire, alongside Arab International Bank, Al Baraka Bank Egypt, and saib Bank, has arranged a $75m syndicated medium-term financing for Cheiron Egypt Delta…
IFC, CIB partner to support decarbonization across key sectors in Egypt
The International Finance Corporation (IFC) has announced a partnership with the Commercial International Bank (CIB) to support reduced emissions and increase green energy financing in carbon-intensive sectors in Egypt. Through…
