Wednesday 5 August 2015
 
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Egypt

Egypt to cut oil debt in August, repay rest by end-2016

Egypt aims to reduce its debt to foreign oil companies to $2.9 billion by the end of August, from $3.5 billion, and would repay the rest by the end of 2016, the oil minister said, pushing back the deadline by about six months. &nb

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Egypt’s non-oil production contracts in July

Business activity in Egypt's non-oil private sector shrank in July, with modest declines in output, new orders and employment, a survey showed. The Emirates NBD Egypt Purchasing Managers' Index (PMI) dipped to 49.2 in July

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Egypt’s non-oil production contracts in July

Business activity in Egypt's non-oil private sector shrank in July, with modest declines in output, new orders and employment, a survey showed. The Emirates NBD Egypt Purchasing Managers' Index (PMI) dipped to 49.2 in July

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Egypt awards $100m oil and gas concessions

Five oil and gas concession awarded by Egypt are set to bring in a minimum total investments of about $100 million, according to a report.   It comes as part of an effort to boost investment in the key energy sec

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Suez Canal ‘add-on’ lane to cut waiting times

Egypt’s Suez Canal, which is set to open on August 6, features an additional lane including 35 km of new channels, which will reduce waiting time for ships, a report said. The new channel also includes a further 37 km of new

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Egypt readies infrastructure for 1,000 factories project

Infrastructure works for the 1,000 factories project in New Cairo in Egypt are being completed, a top government official said, adding that obstacles facing small investors in the region have been removed. Facilities equipment is

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Egypt readies infrastructure for 1,000 factories project

Infrastructure works for the 1,000 factories project in New Cairo in Egypt are being completed, a top government official said, adding that obstacles facing small investors in the region have been removed. Facilities equipment is

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Egyptians ‘can build New Cairo Capital in one year’

Egyptian construction firms will be able to build the New Cairo Capital in one year, said a top official, underlining that the locals have a strong will to achieve their goals. Mohamed Abdel Raouf, a board member of the Egyptian F

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Egypt president signs elections law

Egypt's President Abdel Fattah al-Sisi has signed into law election-related legislation, the official gazette said on Sunday, opening the way to setting a date for long-delayed parliamentary polls. The election law allocates 4

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US, Egypt return to 'stronger base': Kerry

The United States and Egypt are returning to a "stronger base" in bilateral ties despite tensions and human rights concerns, US Secretary of State John Kerry said on Sunday after talks with his Egyptian counterpart. &quo

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