KarmSolar, El Badr for Investment and Commercial Spaces sign 20MW solar power agreement for Arkan Plaza to run 100% on solar energy by 2021
KarmSolar signed a deal with El Badr for Investment and Commercial Spaces to generate and distribute solar power to Arkan Plaza, in El Sheikh Zayed on Thursday. The deal includes…
EU-Egypt partnership priorities are guided by a shared commitment to universal values of democracy: Ivan Surkoš
40% of EU's aid portfolio to Egypt targets economic, social development, employment creation
From the world's workshop to the world's tech hub: China's economic leap forward
The Chinese government believes that it can become the top tech nation in the world sooner rather than later. Some milestones have already been met with more in sight as…
Egypt’s economic outlook improves backed by PMI improvement, inflation decline, Zohr gas field: FocusEconomics
Egypt’s economy appears to be in good shape approaching the end of this fiscal year (FY), backed by improvements in non-oil private sector business conditions in the purchasing managers index…
New regulatory reforms to support Egypt’s insurance sector: OBG
The series of reforms adopted by the Egyptian authorities to expand insurance penetration, with the expectation that regulatory measures, coupled with the rollout of universal health coverage, will lead to…
Ministry of Antiquities to restore Hosh al-Pasha archaeological site
Aiming to take a step forward in the Historic Cairo Restoration Project (HCPR), the Ministry of Antiquities announced on Wednesday the commencement of procedures to study the Hosh al-Pasha archaeological…
Pompeo heads back to US with three released American hostages
Three Americans who were imprisoned by North Korea are on their way back to the United States, President Donald Trump announced on Wednesday, following their release during US Secretary of…
EGPC owes Electricity Ministry EGP 100bn
The Egyptian General Petroleum Corporation (EGPC)'s dues owed to the electricity sector increased to EGP 100bn last month. A governmental source told Daily News Egypt that the dues are rising,…
IFC provides first loan to support Egypt’s construction industry
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a $15m loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading manufacturer of…
