The Oil Ministry is aiming to install natural gas in 1 mn homes during FY2017-18 at a cost of EGP 4.2 bn, Al Shorouk reports. The Finance Ministry has allocated EGP 1.2 bn in the state budget for the upcoming fiscal year to connecting homes to natural gas.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…