Tuesday 1 September 2015
 
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Egypt

Eni mulls stake sale in Egypt 'supergiant' gas field

Italy's Eni is open to selling a stake in its "supergiant" Zohr gas field discovery off of Egypt, its chief executive said, as the state-controlled energy company looks for funds to bankroll development without sacrificing dividend

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Orascom Construction net income hits $35.2m

Egypt's Orascom Construction said its net income for the second quarter of 2015 rose to $35.2 million. The engineering and building business, which is dual listed in Cairo and Dubai, reported revenues of $1.017 billion.

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Mega gas discovery off Egyptian coast by Eni

Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting that the find could help meet Egypt's gas needs for decades to come. &q

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Egyptian court sentences Al Jazeera journalists to 3 years in jail

An Egyptian court has sentenced three Al Jazeera TV journalists to three years in prison for operating without a press license and broadcasting material harmful to Egypt, a case that has triggered an international outcry.  

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Egypt's power choices appease public, squeeze industry

Far fewer Egyptians are complaining about the kind of power cuts that fuelled unrest in the past but government energy policies apparently focused on appeasing the public are dealing a blow to industries vital for economic growth.

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Egypt bans rice exports as of Sept 1

Egypt's ministry of trade and industry will ban rice exports again as of September 1, according to a decision published in Egypt's official legal gazette. Egypt had allowed the export of its medium-grain rice last October

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France, Egypt in talks over helicopter carriers

France is in talks to sell two Mistral helicopter carriers to Egypt after their sale to Russia was cancelled earlier this month, two sources close to the matter said on Wednesday. Cairo has sought to boost its military power in th

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Egypt cancels tender for smart electricity meters

Egypt’s Ministry of Electricity and Renewable Energy has announced the cancellation of a tender for supplying 50,000 smart electricity meters that were needed for the South Cairo Electricity Distribution Company, a report said.

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Four Seasons Cairo at Nile Plaza caters to world leaders

Four Seasons Hotel Cairo at Nile Plaza, a leading hotel in the Egyptian capital, was the official caterer at the New Suez Canal opening ceremony, catering to world leaders and other VIPs at the gala event earlier this month. With up to

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Egypt cuts top tax rate, suspends capital gains tax

Egypt lowered the top tax rate and the threshold for companies and individuals in high income brackets on Sunday and suspended a 10 per cent tax on capital gains in an attempt to attract investors and boost the economy. President

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