Sunday 26 June 2016
 
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Egypt

Egypt may go for 4G licences auction

Egypt said on Thursday it will offer fourth-generation mobile licences in an international auction if they are not taken up by carriers already operating in the country. The sale of 4G licences is part of a long-awaited plan to re

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High level cyber security summit to be held in Egypt

Around 22 Arab countries and North African states are set to meet at Sharm El Sheikh, Egypt, for the fifth annual Regional Cyber Security Summit to fight cybercrime and promote a safe internet environment. Starting from October 30, the

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Egyptian builder eyes $2bn Kuwait projects

Societe Egyptienne D’entreprises (Moukhtar Ibrahim), one of the leading construction firms in Egypt, is actively looking at major infrastructure and industrial projects in Kuwait and hopes to win a share of the lucrative $2 billion

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Maxim to establish new residential city in Egypt

Egypt-based Maxim Investment Group is keen to establish a comprehensive city within the state new administrative capital city, said a report.   The upcoming city will come up over a 1.26 million sq ft to 2.1 million sq ft are

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BP approves investment in Egypt gas field 15 months after discovery

British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery.   BP, which declined to give an inves

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Egypt plans to build new airport terminal

State-run Egyptian Holding Company for Airports and Air Navigation (Ehcaan) plans to establish a new terminal for Borg El Arab Airport, with a capacity of up to four million passengers a year, said a report. The $150-million proje

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Egypt plans to build new airport terminal

State-run Egyptian Holding Company for Airports and Air Navigation (Ehcaan) plans to establish a new terminal for Borg El Arab Airport, with a capacity of up to four million passengers a year, said a report. The $150-million proje

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Egypt to import 120 cargos of LNG in 2017

Egypt aims to import between 110 and 120 cargos of liquefied natural gas in 2017, the state-owned Egyptian Natural Gas Holding company (Egas) told Reuters on Sunday. Separately, three trade sources said Egas had purchased 10 cargo

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Egypt prices 4G licence at $398m

Orange Egypt said on Sunday that Egypt's telecommunications regulator had set the price of a licence to provide fourth-generation mobile services at EGP3.54 billion ($398.6 million), half of which must be paid in dollars. It s

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Central Bank of Egypt raises key interest rates

Egypt's central bank raised its key interest rates by 100 basis points at its monetary policy meeting on Thursday, following a jump in inflation last month. The Monetary Policy Committee (MPC) raised the overnight deposit rate

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