Egypt Inks Deal with Saudi alfanar for 50 MW Solar PV Plant

• Monday, 15th May 2017
• by Menna A. Farouk

The Egyptian Electricity Transmission Company (EETC) has signed a Power Purchase Agreement (PPA) with Saudi Arabia’s alfanar Energy for 50 megawatt (MW) PV plant under feed-in-tariff program in Egypt, Saudi Gazette reports.

HDB’s Standalone Profit Rises in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt's Housing and Development Bank standalone net profit after tax accounts for EGP 349 mn in Q1 of 2017 compared to EGP 218 mn a year ago, Invest-Gate reports.

IMF Reaches Staff-Level Deal With Egypt to Unlock USD 1.25 bn

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt is reaching a staff-level agreement with the IMF that would help unlock the second tranche of a USD 12 bn loan to the Arab country, Invest-Gate reports.

Egypt Eyes Investments worth USD 15 bn from AIIB in Five Years

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt is eying investments worth USD 15 bn from the Asian Infrastructure Investment Bank (AIIB) to fund infrastructure projects in the coming five years, Invest-Gate reports.

Suez Canal Records 4.1% Increase in Revenues

• Thursday, 11th May 2017
• by Fatma Khaled

The Suez Canal records revenues of USD 853.7 mn in March and April, up by 4.1% compared to USD 820.4 mn in the same period last year, Invest-Gate reports.

Egypt Moves Ahead with New E-system to Manage Airports, Seaports

• Wednesday, 10th May 2017
• by Nayrouz Talaat

The Egyptian government is moving ahead with a new electronic system that will help manage airports and seaports in the country and further engage Egypt in the global trade market, Invest-Gate reports.

Gov’t Allocates New Industrial Land Plots for Investors in Sohag

• Wednesday, 10th May 2017
• by Nayrouz Talaat

The government has allocated new industrial land plots for investors in the southern city of Sohag as part of efforts aiming to boost development in Upper Egypt, Invest-Gate reports.

Several Developments in SCZone to be Finalized by June

• Wednesday, 10th May 2017
• by Fatma Khaled

Several industrial zones and developments are expected to be finalized by June 30 in the Suez Canal Economic Zone (SCZone), Invest-Gate reports.

Residential, Industrial Project to be Launched in Marsa Matrouh Governorate

• Wednesday, 10th May 2017
• by Fatma Khaled

Egypt plans to develop the coastal governorates by established a new project called Jarjob City and Port in Marsa Matrouh governorate, Invest-Gate reports.

Egypt to Build New Power Plant in New Administrative Capital

• Tuesday, 9th May 2017
• by Nayrouz Talaat

Egypt’s cabinet is approving the establishment of a new power plant in the New Administrative Capital spanning an area of 744,000 square metres, Invest-Gate reports.