The Egyptian Ministry of Petroleum & Mineral Resources signed a new agreement with the Egyptian Holding Company for Natural Gases “EGAS” and the German company Wintershall Dea to search for and produce oil and natural gas in eastern Damanhur area in the Nile Delta with a minimum investment of $43 million and $11 million grants […]
Egypt
Egypt to build $228 mln facility to turn rice straw into wood
Egypt will set up a facility to convert rice straw into wood in a bid to limit air pollution resulting from burning the straw. The $228 million plant, located in the Nile Delta’s Beheira Province, will produce 205,000 square meters a year of medium-density fiberboards (MDF), using technologies developed by German engineering firm Siempelkamp. The […]
UAE: CAFU to open shop in Egypt, first market in Africa
Emirati on-demand petroleum product supplier, CAFU, will begin operations in Egypt under a Memorandum of Understanding with the Egyptian General Petroleum Corporation. The agreement will enable CAFU to launch fuel delivery services in Egypt in line with regulations and safety standards. Launched in the UAE in 2018, CAFU uses mobile app to provide service anytime […]
Egypt: ITFC earmarks $1.1bn for energy, internal trade funding in 2020
The International Islamic Trade Finance Corporation, IFTC, has allocated to Egypt $1.1 billion destined to fund the energy sector and internal trade in 2020, Egypt Today reports. Minister of Trade and Industry Nevine Gamea who made the announcement said $700 million of the funding will go to the energy sector, and $400 million to internal […]
Futsal 2020: Morocco Wins African Cup of Nations
Morocco was crowned Friday Africa’s Champion in indoor football, winning the 2020 Futsal African Cup of Nations for the second time in a row. They defeated Egypt’s Pharaohs in the final of the tournament 5-0 Friday evening in the Moroccan Sahara city of Laayoune. The Atlas Lions, holder of the AFCON 2016, will now focus […]
Futsal African Cup 2020: Morocco faces Egypt in the Final
Moroccan futsal team will play against Egypt on Friday in Laayoune (Southern Morocco) the final match of the 2020 Futsal African Cup of Nations. The Atlas Lions, defending champions, reached the final of the African tournament after beating Angola 4-0. On this occasion, FIFA congratulated the Moroccans for their performance. “Congratulations to the Morocco team, […]
Mike Pompeo “expressed outrage” at “tragic death” of US Citizen in Egyptian Prison
US Secretary of State Mike Pompeo Sunday expressed to President Fattah al-Sisi his outrage at the death of a US citizen in prison in Egypt, a death that the American top diplomat branded as “pointless and tragic”. Pompeo made the complaint following the death of Mustafa Kassem, 54. After a protracted hunger strike. Mustafa Kassem […]
Egypt: Middle East Largest Military Base Inaugurated
President Fattah al-Sisi inaugurated Wednesday Bernice military base, the largest in the country and the Middle East, set to emphasize Egypt’s influence in the Red Sea. Located on the Red Sea coast along Egypt’s southern borders, the Bernice base covers 150,000-acre and is house to a naval base, an airbase, an army hospital, some combat […]
New Tension between Turkey & Egypt over Detention of Anadolu Staff Members in Cairo
Egypt’s police raided the Cairo office of Anadolu news agency, AA, and arrested four staff members amid growing tensions between the two countries. AA in a statement said security forces stormed the office on Tuesday evening, cut off the internet and shut down the security camera. On Wednesday, they seized the staff passports, mobile phones, […]
New Talks Fail to Solve Dispute over Grand Ethiopian Renaissance Dam
In Addis Ababa, a major meeting on the future of Africa’s biggest hydroelectric dam— (GERD)—has ended without agreement. This is the fourth meeting in the latest efforts by water ministers from Ethiopia, Egypt and Sudan to find a resolution to the tensions over the project. The dam is under-construction on Ethiopia’s Blue Nile, a main […]









