November 16, 2017

Egypt to stop importing gas in 2018

The announcement by the Egyptian energy minister eliminates the possibility of exporting Israeli natural gas to Egypt. Egypt will stop importing liquid natural gas (LNG) during 2018 and begin exporting gas, following the commencement of production from the giant Zohr gas field discovered off the Egyptian coast, Egyptian Minister of Petroleum Tarek el-Molla told the Bloomberg news agency yesterday. el-Molla added that the giant field could supply Egypt's internal needs, and that the sale of gas to export markets could begin in 2019.......

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2018 tourist season strong, occupancy up 20% since year beginning: Hilton November 20, 2017

Officials at Hilton Group said that performance indicators are recovering as Egypt and Turkey revive their tourist market. They noted that occupancy grew by 20% since the"...

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Vodafone, AlexBank aim to increase Vodafone Cash customers to 5 million by mid 2019 November 20, 2017

Head of Retail Banking at the Bank of Alexandria (AlexBank) Sherif Lokman said that customers of Vodafone Cash are expected to reach 5 million by the middle of 2019, up"...

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Nasr signs EGP 1bn agreements with KFAED to support North Sinai development November 20, 2017

Minister of Investment and International Cooperation Sahar Nasr signed on Sunday two agreements with Director General of the Kuwait Fund for Arab Economic Development (KFAED)"...

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17th Cairo’s rank among the world’s overcrowded megacities November 20, 2017

Based on Demographia’s report, Dhaka, the capital city of Bangladesh, came in the 16th place directly before Egypt with a population estimated at 15.7 million on an"...

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Petroleum Minister: No increase in fuel prices before end of current FY November 13, 2017

Petroleum Minister Tareq el Molla said on Saturday 11/11/2017 there will be no increase in fuel prices before the end of the current fiscal year 2017/2018.

In a statement, Molla stressed that increasing prices is"...

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Italian hospital in Cairo gets a boost November 11, 2017

The 300-bed Italian Umberto I hospital in Cairo is set to boost its services with new operating theatres, an outpatient clinic and more bed spaces.

The 1.8 million euro revamp will involve a radical overhaul of the four existing operating theatres and the creation of two more,"...

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