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Blackouts, interest rates and gold ownership get attention on the airwaves
Egyptians bought a record amount of gold in 2Q, according to the World Gold Council
Shell to drill new gas wells in the Med this September
The first of the wells will see Shell investing north of USD 80 mn
THIS EVENING: Shell plans to begin drilling new gas exploration wells next month
Happy Wednesday, dear readers. We have nearly come to the end of a week packed with news that the blackouts…
Mienta to invest USD 5 mn in new factory in SCZone. PLUS: News from the National Dialogue, Dragon Oil, Heliopolis Housing + BanknBox
The factory will produce small home appliances and start operating in 2024
Rolling blackouts get ink in the foreign press
Egypt has suffered from rolling blackouts for the past two weeks amid soaring temperatures
Blackout schedules are in effect (well, sort of)
Areas across the country yesterday reported suffering power cuts outside of the government’s new schedule
Day 1 of the blackout schedule didn’t go to plan
The government expects to spend USD 250-300 mn on importing mazut to reduce the rolling blackouts
Blackout schedule dominates the airwaves
The government published its schedule for daily power cuts across the country yesterday
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