Egypt

Sidpec records EGP 251m profits in Q1-22 unaudited financials

Sidi Kerir Petrochemicals (Sidpec) has achieved EGP 251 million in net profit after tax during the first quarter (Q1) of 2022, higher by 65.40% year-on-year (YoY) than EGP 152 million.

Marakez partners with KarmSolar for project in East Cairo

Marakez, a mixed-use real estate developer in Egypt, has inked an agreement with KarmSolar, Egypt solar energy company, to distribute 22 megawatts of power in District Five area in East Cairo.

ABD establishes two factories in Egypt to convert waste into energy to produce 123 MW/hr

Mohamed Hillel, Chairperson of the Egyptian Arab British Company for Dynamic Industries (ABD) said that the company established two giant factories in Abu Khreita to recycle waste and is cooperating with two global industrial entities to convert this waste into energy with investments of €750m.

El-Molla follows up the implementation of "Technip Energy" projects in Alexandria and Assiut

Technip Energies has expressed interest in getting involved in Egypt ambitious green energy projects, This came during a meeting held by Minister of Petroleum and Mineral Resources Tarek El Molla and a delegation of officials from Technip Energies International

Egypt to start gas supplies to Lebanon soon

The Lebanese Ministry of Energy and Water is set to coordinate with the Egyptian Ministry of Petroleum this week before resorting to the World Bank for financing

Maait meets with representatives of Morgan Stanley, Bank of America, Bank of New York in London

Diverse stimulus package for economic recovery from current global crisis, in implementation of presidential directives: Maait

ECHEM inks deal with UAE-based Rega Green Energy for algae oil production

The Egyptian petrochemicals company ECHEM has signed a memorandum of understanding (MoU) with Riga Green

El Molla Issued New Transfers Movement

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has issueda new round of transfers within the Heads and Assistants Head of Finance in