Latest in Day: May 16, 2018 Highlight

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Latest in Day: May 16, 2018


Gas consumption records 3.3m tonnes in April: EGAS

Gas consumption in Egypt rose last month to 3.3m tonnes from 2.3m tonnes in March, according to the Egyptian Natural Gas Holding Company (EGAS). An official at EGAS said that the power plant, household, and industrial sectors account for the largest proportion of gas consumption. Egypt’s natural gas production witnessed a remarkable increase last year, …

Daily News Egypt

Saudi oil storage in Egypt, marketing in Europe: Aramco

Minister of Petroleum and Mineral Resources Tarek El-Molla and the CEO of Aramco Trading Company, Ibrahim Al-Buainain, discussed ways to enhance joint cooperation and achieve sustainability in the commercial relations between Egypt’s petroleum sector and Aramco, and enhance cooperation in the supply of crude oil to be refined in Egypt. El-Molla pointed out that the …

Daily News Egypt

ABB agrees to install electric vehicle charging equipment at Wataniya gas stations 

Naji Jreijiri, ABB Group’s country managing director, said that his company agreed with the National Petroleum Company (Wataniya) of the National Service Project Organisation to install equipment for charging electric vehicles, adding, “the government is creating more incentives to buy electric cars, and we have already equipped some Wataniya gas stations with electric car charging stations.” Jreijiri told Daily News Egypt …

Hagar Omran

Communications minister, Orange discuss investment future in Egypt

Minister of Communications and Information Technology Yasser El-Kady and the new CEO of Orange Egypt, Yasser Shaker, discussed the company’s future plans in Egypt and further investments. During the meeting, El-Kady stressed the importance of strengthening their partnership in light of the national strategy for digital transformation, which aims to make the sector one of …

Daily News Egypt

Op-ed review: Writers support Palestinian people

The editor-in-chief of privately-owned newspaper Al-Shorouk, Emad El-Din Hussein, commented on Arab countries’ stance towards the recent US embassy opening in Jerusalem, saying news outlets reported an “Arab boycott” of the event, as though Arab leaders were initially supposed to attend and making it sound like a victory that they did not. Hussein wrote that …

Amira El-Fekki

NBE-led coalition finances nitrate project for Abu Qir Fertilizer

Abu Qir Fertilisers and Chemical Industries Holding Company’s board of directors decided to obtain funding for its nitrate project from the National Bank of Egypt, Banque Misr, and QNB. The company said in a disclosure to the Egyptian Exchange on Wednesday that the funding is worth €105m and that the project will be implemented by …

Daily News Egypt

Flat6Labs Cairo graduates 10 innovative startups at its 10th Demo Day 

Flat6Labs, the regional early-stage investment company and accelerator, held on Monday its 10th Demo Day in Cairo with 10 new startups graduating from its first cycle in 2018. Flat6Labs Cairo’s 10th cycle commenced on 13 February in 2018 and welcomed 10 promising new teams, filtered from about 400 applications, who are now excited to launch …

Daily News Egypt

Egypt’s tourism revenues do not match existing resources: MP

MP Mohamed Abdo said that tourism revenues in Egypt are still small and do not equate to the industry’s potential and resources. Abdo added that the sector includes many negatives to be solved, especially the congestion at Cairo International Airport, which he said harms the sector at home and abroad. Abdo urged holding a meeting …

Daily News Egypt

Parliament approves law designating IDA independent economic body

Parliament approved a law designating the Industrial Development Authority (IDA) an independent body capable of meeting the needs of the industrial sector in Egypt, increasing investment opportunities, and pushing growth indicators to growth during the coming period The law stipulates that the IDA shall be a public economic entity that is legally independent. It shall …

Daily News Egypt