Browse Tag

egypt

EBRD supports new dry port development in Egypt

3 mins read

The FINANCIAL -- As a country with a growing population and economy, Egypt needs urgent investment in its infrastructure capacity to alleviate the pressure on existing ports, shipment points and trade centres. New facilities are required to reduce congestion, allow for a better distribution of goods and let trade flow freely.…

Read More »

EBRD supports new dry port development in Egypt

3 mins read

The FINANCIAL -- As a country with a growing population and economy, Egypt needs urgent investment in its infrastructure capacity to alleviate the pressure on existing ports, shipment points and trade centres. New facilities are required to reduce congestion, allow for a better distribution of goods and let trade flow freely.…

EBRD and partners acquire Egypt’s Adwia Pharmaceuticals

1 min read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) is joining forces with reputable partners to improve the availability and affordability of medicines, using an investment platform with an initial capital commitment of US$ 250 million. The EBRD is committing US$ 75 million to support the company’s growth in Egypt, alongside Development Partners International…

EBRD, EU and GCF boost green finance in Egypt

4 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) are responding to the impact of the coronavirus pandemic on the Egyptian economy by boosting green finance and the development of value chains for the private sector. Working with the EBRD’s local partner banks, two programmes cumulatively worth €220 million will offer…

bp starts gas production from Qattameya field

2 mins read

The FINANCIAL — bp today announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.  Through bp’s joint venture, Pharaonic Petroleum Company (PhPC), the field, which is ‎expected to produce up to 50 million cubic feet of gas per day, has been…

Gold price hit its highest since 2012

5 mins read

The FINANCIAL – Gold hit its highest price for the first time in more than seven years. Gold prices rose above the $1,700 per ounce level on Monday. After a 18% surge in 2019, gold prices have moved sharply higher this year amid coronavirus crisis and as central banks cut interest rates to try and…

Egypt announces an international exploration tender for gold-mining

4 mins read

The FINANCIAL — Egypt to launch bid round in March for gold exploration in Eastern Desert. Investors will be bidding on blocks which will be awarded to them within four months of the bid round being launched. Egypt issued new regulations after getting complaints from investors. The blocks will be administered under a free carry,…