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Egypt, Eni ink oil exploration, exploitation deal worth $1bn

The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with the Italian giant energy group Eni for oil exploration and exploitation in the Gulf of Suez and Nile Delta regions worth $1 billion, Arab Finance reports, citing a statement by the Ministry of Petroleum and Mineral Resources. The deal signed by Minister of Petroleum […]

Headlines Morocco

Africa: Eight Moroccans among top 10 African Francophone businesswomen

Eight Moroccans have featured among the top 10 African Francophone leading businesswomen in a ranking established by the renowned Paris-based Jeune Afrique. Miriem Bensalah-Chaqroun, leader of the General Confederation of Moroccan Companies (CGEM, employers’ union) tops the ranking.  She received recognition from Jeune Afrique, which reports that the 53-year old woman, who also heads the […]

Egypt Headlines

Egypt renews coalition ties to fight terrorism

“The National Defense Council agreed to prolong the participation of (Egyptian) troops engaged in a combat mission” in the Gulf, the Red Sea and the Bab al-Mandab Strait, a statement released by the Egyptian presidency announced. This is the second time Cairo is renewing its engagement with the Saudi-led coalition and the announcement came barely 48hours […]

Egypt Headlines

Egypt: Sisi’s Iftar message to Egyptians

President Sisi has called on the Egyptians to be united against those who want to destabilize the country during a weekly Ramadan event dubbed the ‘Egyptian Family Iftar.’ The event is attended by members of the civil society from different walks of life together with tribes’ representatives. Bombings and armed attacks have become a daily […]

Egypt Features Headlines

Egypt: Al-Sisi propelled to presidency by campaigners

Some Egyptians could be readying General Al-Sisi as the country’s next president after three campaigns supporting the cause kicked off. The General on the other hand has called for “quick political transition” in the interest of stability. Political pundits and figures believe that he stands a great chance to become the head of state despite […]

Egypt Features Headlines

Egypt: University Campuses become new political battleground

Between 1,500 and 2,000 university students have taken the Cairo University campus as a venue to express their dissatisfaction with the Interim government. The academic year just got started in Egypt and demonstrations were reported to be held in several cities and universities. The students voiced their anger against political and campus freedoms that they […]

Business Finance

Egypt issues gasoil importation tenders

The Egyptian state oil firm has issued a tender to purchase around 500,000 tons of gasoil for delivery into Mediterranean ports between January and March next year according to a tender document. The tender is for 15 cargoes to be delivered in Alexandria, Egypt’s second largest city and El Dekheila. Bidding ends on the 18th […]