Business

Egypt’s external debt decreases by $14 billion in 5 months

Egypt’s external debt has decreased to $153.9 billion at the end of May 2024, compared to $168 billion at the end of last year, according to an official statement quoting an anonymous central bank official.

Egypt received $35 billion in Emirati suppo…

PM reviews situation of Ras el Hekma project

Prime Minister Moustafa Madbouli headed a meeting on Saturday 27/7/2024, before starting an inspection tour in New Alamein city, where he listened to an explanation on the situation of Ras el Hekma project and the urban gathering in western Dabba in a…

GUPCO to invest $226 mln in drilling 5 petroleum wells in Egypt

Minister of Petroleum and Mineral Resources Karim Badawi has visited the production facilitation platform of the North Safa marine field in the Gulf of Suez’s Northeast Ramadan concession area, which belongs to GUPCO and the Emirati company Dragon.

B…