• Monday, 7 March 2022

    Rising wheat and oil prices will hit budget in Egypt, ministers say

    Rising global wheat prices could cost the government an additional EGP 15 bn this fiscal year, Finance Minister Mohamed Maait told Bloomberg Asharq (watch, runtime: 1:35). The ministry assumed an average price of USD 255 per ton in this year’s...
  • Sunday, 27 February 2022

    Our very own net-zero target for COP27? Plus: Remittances up again.

    Egypt could announce its first net-zero target during COP27: Egyptian authorities may announce a net-zero carbon emissions target at November’s COP27 climate summit in Sharm El Sheikh, Oil Minister Tarek El Molla told Bloomberg TV (watch, runtime: 8:51). The government...
  • Wednesday, 12 January 2022

    THIS EVENING: Macro Group IPO gets green light from EGX listing committee + Egypt to dig for gold, other minerals in new industrial mining cities

    You nearly made it to the weekend, ladies and gentlemen. And if you’re like us, we need it to get last night’s Afcon results out of our heads. THE BIG STORIES TODAY- BREAKING- The EGX’s listing committee has signed off...
  • Wednesday, 10 November 2021

    US-Egypt strategic talks wrap

    The US and Egypt wrapped up two days of strategic talks in Washington yesterday, with the Foreign Ministry and the State Department issuing a joint statement overnight to close out the meetings. The talks “reaffirmed the importance of the US-Egypt...
  • Sunday, 7 November 2021

    Maait and UK chancellor talk investment

    The UK will try to encourage international financial institutions and investment funds to invest in Egypt, UK Chancellor of the Exchequer Rishi Sunak told Finance Minister Mohamed Maait on the sidelines of COP26 on Friday, the Finance Ministry said in...
  • Tuesday, 8 October 2019

    Investors express interest in Egypt’s mining sector

    British Principal Verve International President Jeremy Crozier and London’s Capital Drilling CEO Brian Rudd expressed their interest in gold mining and extraction investments in Egypt during a meeting with Oil Minister Tarek El Molla on Thursday, according to a ministry...
  • Wednesday, 24 October 2018

    Egypt spends USD 1.5 bn a month to cover local market demand for petroleum products

    Egypt spends over USD 1.5 bn a month on petroleum products it supplies to the local market, Reuters quotes Oil Minister Tarek El Molla as having said yesterday. The amount covers imports, as well as foreign oil companies shares’ of...

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