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Egypt-Saudi power grid interconnection “partly operational” September 2021
The USD 1.6 bn, 3,000 MW interconnection project linking Egypt and Saudi’s national power grids will be “partly operational” in…
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Egypt’s Elsewedy, Afreximbank ink USD 500 mn loan agreement
Elsewedy, Afreximbank ink USD 500 mn loan agreement: Elsewedy Electric signed a USD 500 mn loan agreement with the African…
First phase of Egypt-Sudan electricity interconnection project to go live next month
The first phase of the USD 60-70 mn power interconnection project with Sudan is expected to go live in January…
First tender for 10 exploration blocks in the Red Sea to be launched in two weeks
The Oil Ministry will issue the first tender for 10 exploration blocks in the Red Sea within two weeks, once…
What we’re tracking this week and beyond
Elsewedy Electric and Arab Contractors will sign tomorrow final contracts for a USD 3 bn, 2.1 GW hydroelectric dam in…
Egypt’s headline inflation decelerates, Cabinet didn’t hike 95-octane petrol prices
Save for continuous coverage of the political developments in Paris, there was no single topic that featured heavily on the…
House ratifies Egypt-Cyprus pipeline agreement, other recent agreements
LEGISLATION WATCH- House ratifies Egypt-Cyprus pipeline agreement: The House of Representatives’ Legislative Committee approved yesterday the Egypt-Cyprus agreement to establish…
Egyptian gov’t retracts oil hedging contracts as crude falls short of budget forecast
EXCLUSIVE- Gov’t walks away from fuel hedging plan as oil price plunge sees crude trading below budget prediction: The Finance…
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