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Posted inImage of the Day
Aziza Palace case concludes after 54 years
The Egyptian General Company for Tourism and Hotels (EGOTH) and 40 heirs to the Aziza Fahmy Palace in Alexandria have settled their 54 year old dispute, Chairman of EGOTH Mervat Hataba told Youm7. The stunning Aziza Fahmy Palace is an architectural gem, and EGOTH plans to renovate it the area into a hotel and commercial […]
Posted inEGYPT IN THE NEWS
Sinai attacks continue to dominate headlines in the foreign press
The aftermath of the attack that left more than 300 dead in North Sinai on Friday continued to dominate coverage of Egypt in the foreign press. A number of outlets continued to cover the accounts of survivors and eyewitnesses on the onslaught, includingBloomberg,Sputnik, andXinhua. US outlets’ take on the attack continued to come through the […]
Posted inWorth watching
Ancient Egyptian wooden figure on sale at Christie’s
A 4,000-year-old wooden sculpture of an Ancient Egyptian noblewoman is going on offer at Christie’s 6 December. The 71 cm tall sculpture is remarkably preserved due to desert drought and dates back to the third millennium BC, known as the Age of the Pyramids. The elite of that period commissioned works such as this representing […]
Posted inEnergy
Electricity Ministry sets maximum FiT rate for waste-to-energy projects
The Electricity Ministry has decided to set EGP 1.35 per kWh as the maximum feed-in tariff (FiT) rate for waste-to-energy (WtE) projects, unidentified government sources tell Al Borsa. This is the same rate the ministry charges energy intensive electricity projects in order to balance the books on WtE projects, the source added. The state budget […]
Posted inEnergy
El Sewedy Electric, Marubeni reach preliminary funding agreement for 500 MW wind power plant
El Sewedy Electric and Japan’s Marubeni Corporation have reached a preliminary agreement with Japanese financial institutions to fund their EUR 500 mn, 500 MW wind power plant, sources from El Sewedy tell Al Borsa. However, the companies will formally enter funding negotiations once they are allocated land for the project. The consortium is currently in […]
Posted inEnergy
EEHC receives three offers for USD 8 bn Hamrawein power plant
The Egyptian Electricity Holding Company (EEHC) received on Sunday offers from three consortia — General Electric-Harbin Electric, Mitsubishi-Hitachi, and Shanghai Electric-Dong Fang for the USD 8 bn, 6 GW Hamrawein “clean coal” plant, Al Borsa reports. The EEHC will work with Belgian consultancy firm Tractebel to assess the offers and select a winning consortium for […]
Posted inBasic Materials + Commodities
Indonesia, Taiwan and Vietnam open to Egyptian agricultural exports
The Agriculture Ministry announced that Egypt will begin exporting potatoes, garlic and citrus fruits to Indonesia, Taiwan and Vietnam,according to Youm7. The announcement follows efforts by the ministry to improve quality controls which meet international standards set by foreign food safety authorities. The opening of the Vietnamese market to exports of citrus was announced earlier […]
Posted inBasic Materials + Commodities
Egyptian onion shipments pass Kuwaiti health inspections
Egyptian onion shipments to Kuwait have passed health inspections and were deemed safe for consumption, Kuwait’s Public Authority for Food and Nutrition confirmed, Al Mal reports. The Kuwaiti Trade and Industry Ministry had announced last week the lifting of a ban imposed on Egyptian agricultural imports, including onions, due to concerns over pesticide residues, but […]
Posted inTourism
Citymax Hotel opens in Aswan
Emirati Landmark Group is managing its first hotel outside the UAE in Aswan under its Citymax Hotels brand,according to Travel and Tourism News Middle East. The 79 room 4 star property is owned by Egypt Holland for Touristic Investments and sits on the Nile in Aswan. The size of the contract was not mentioned.