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Egypt News | Global Arab Network

Egypt invests $ 1 billion for drilling 60 oil, gas wells

Energy
Global Arab Network – Egypt’s Minister of Petroleum Abdullah Ghorab said that a plan is underway to explore for oil and natural gas in Sinai.
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Sudan: Egypt builds new Khartoum Airport

Aviation
Global Arab Network - Al-Nassr Construction and Contracting Company, one of the Egyptian public business sector companies will to carry out the project of building the new Khartoum Airport.
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Egypt budget setting ambitious targets

Economics
Global Arab Network - With its recently passed budget for the 2011-12 fiscal year, Egypt has established a revised set of ambitious targets for tackling its public expenditures. Having rebuffed aid offers from several international organisations and countries,
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Arab world calling for Justice, Jobs and equal opportunity

Economics
Global Arab Network - The ongoing transitions in Tunisia and Egypt make politically vibrant headlines. With less personality perhaps, economic planning is proceeding too. But economists are not talking the familiar “fiscal deficits” and “financing gaps.” Instead it’s “governance,”
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Egypt becoming hub for foreign investments

Economics
Global Arab Network - Egypt's Prime Minister Essam Sharaf said Egypt has become a hub for foreign investments as more international investors are showing interest in tapping into the Egyptian market.
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EU to support Egyptian economy with € 1.24 billion

Economics
Global Arab Network - Head of the EU Commission to Cairo Mark Franco said negotiations now are underway with the Egyptian government for defining areas to spend the sum of €1.24 billion
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€ 610 million from European Investment Bank for electricity projects in Egypt

Energy
Global Arab Network – The European Investment Bank (EIB) delegation announced its continuous support for Egyptian electricity projects planned in the bilateral cooperation programme during
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Egypt to increase energy production 20 %

Energy
Global Arab Network - Electricity Ministry is working on a plan to increase energy production by 20 percent by 2020.
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Egypt: Multi-billion projects to support economy

Economics
Global Arab Network - Egypt’s Finance Ministry is planning to create 15 projects with investments of EGP 100 billion, using the participation system between government and the private sector.
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Italy invests € 140 million in wind power projects in Egypt

Energy
Global Arab Network - Italgen Group will pump investments worth around €140 million in Egypt to be allocated to wind-generated energy projects in Gabal El Zeit area with a capacity of 120 megawatts.
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The Economic Impact of the Arab Spring on the Region

Economics
Global Arab Network - Six months have passed since the Tunisian vegetable street hawker Mohamed Bouazizi set himself ablaze starting a region wide revolution that has toppled the Presidents of Egypt and Tunisia with
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Egypt: $ 3 Billion IMF support for economic program

Economics
Global Arab Network - An International Monetary Fund (IMF) staff mission headed by Ms. Ratna Sahay, Deputy Director of the Middle East and Central Asia Department, and the Egyptian authorities have reached
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Egypt, Italy fostering cooperation and encouraging investments

Economics
Global Arab Network - Prime Minister Essam Sharaf received Italian Ambassador in Cairo Claudio Pacifico for talks on the distinguished relations between Egypt and Italy
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