Egypt

Saudi solutions by stc completes acquisition of Giza Systems with a value of 158 million dollars

Saudi Arabia-based solutions by stc, which is a leading enabler of digital transformation in the Kingdom, has completed the acquisition of 88.19% stakes of Giza Systems with an enterprise value worth 158 million dollars.

PM follows up efforts to secure local oil needs

Prime Minister Moustafa Madbouly said Monday that Egypt is following up developments of the current global crises with the aim to reduce their severe repercussions for the Egyptian economy.

Egypt considers benefiting from Tunisian experience in solar energy production: SEDA

This is an attempt to implement solar energy systems as a source of electricity to rely on clean energy to meet part of the country electricity needs

EGAS Average Natural Gas Production Reaches 6.7 bcf/d in FY 2021/22

The Executive Managing Director of Egyptian Natural Gas Holding Company (EGAS) Mady Galal stated that the average rate of natural gas production during fiscal year (FY) 2021/22 reached 6.7 billion cubic feet per day (bcf/d) and average natural gas consumption was 6.1 bcf/d.

Egyptian Petrochemical Output Exceeds 4.3M Tons in 2021/22

During the general assembly, Helal reviewed the performance indicators for the Egyptian petrochemical industry during 2021/22, which witnessed a remarkable development in the implementation and development of petrochemical projects.

Abu Qir Fertilizers Exported Products to 24 Countries, Achieved Profits of EGP 9bln

Abed Ezz El Regal, the Chairman of Abu Qir Fertilizers Company (AFC), declared that his company has achieved growth in its profits worth 158% reaching EGP 9 billion during fiscal year (FY) 2021/22, compared to EGP 3.5 billion during the previous year.

Co-operation Petroleum Company Sales Reach 7.3 M Tons in 2021/22

Co-operation Petroleum Company Chairman Ayman Naguib presented the most important business results during the year through its activities in the marketing of main petroleum products, lubricants, ship supply and petrochemical products. He explained that the total sold quantities amounted to about 7.3 million tons, with a value of EGP 60 billion.