Egypt Energy Europe Headlines International

Egypt’s EGAS Signs $43m Oil Exploration Deal with Wintershall Dea

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 […]

Business Egypt Headlines

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 […]

Asia Egypt Energy Headlines International

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 […]

Africa Features Headlines International

Egypt: 17 terrorists killed in Sinai (Interior Ministry)

The Egyptian Interior Ministry said that police killed 17 terrorists in the al-Obaidat district of the city of al-Arich, in the north of the Sinai Peninsula. Several firearms and explosives were seized by the response forces. Egypt has been facing, for years, insurrections by Muslim Brothers across the country, as well as by a local […]

Asia Egypt Energy Headlines International Maghreb

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 […]

Americas Egypt Headlines International Morocco

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 Headlines Maghreb

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 […]

Asia Egypt Headlines International

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, […]

Africa Egypt Headlines International

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 […]

Asia Egypt Headlines International Libya

Egypt: MP calls for state boycott of Turkish products

A key member of the Egyptian parliament has tabled a proposal calling for institutional boycott of Turkish products, in response to Ankara’s policy in neighboring Libya that Egypt views as threats to its interests. Tension has recently flared up between Cairo and Ankara after Turkey concluded in November a maritime and security agreement with the […]