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Diplomacy + Foreign Trade on 10 August 2020
Sudan says it’s boycotting new GERD talks over Ethiopian unilateralism — will Egypt follow suit? Sudan will not attend a…
Tougher penalties for illegal electricity installations in Egypt under legislative amendments
LEGISLATION WATCH- Tougher penalties for stealing electricity, failure to provide services under new legislative amendments: The House Legislative Committee approved…
Kom Ombo Petroleum to start USD 3 mn drilling operation at Baraka concession
Kom Ombo Petroleum — a JV between the Egyptian General Petroleum Company and Mediterra Energy — will begin drilling two…
EBRD to provide long-term loan to Egypt for large wind plant in Gulf of Suez
The EBRD has approved a USD 50 mn long-term loan to help finance a USD 560 mn, 500 MW wind…
Egypt’s solar energy production up 306% y-o-y
Egypt produced 3,655 GWh of solar energy during the state’s 2019-2020 fiscal year, a 306% y-o-y increase from the 900…
B Investments to offload 20% of its stake in Total Egypt
M&A WATCH- B Investments to offload a fifth of its holdings in Total Egypt: B Investments has entered talks with…
Egypt’s arrears to international oil companies fell to USD 850 mn at the end of June
Egypt’s arrears to international oil companies fell to USD 850 mn at the end of June, down from USD 900…
Cabinet approves decision to appoint an executive to lead the Tourism Promotion Authority
CABINET WATCH- Cabinet approves decision to appoint an executive to lead the Tourism Promotion Authority: The Tourism Promotion Authority will…
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