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BUSINESS6d agoEgypt, Greece and Cyprus back plans to bring Cypriot gas to EuropeCyprus’ Cronos gas is expected to reach European markets via Egypt from 2028, with Greece offering an onward route into southeastern and central Europe. The three countries renewed their backing for the plan at their El Alamein summit.EuroNews [en]
BUSINESSSep 5China expands currency swap with Egypt as trade ties reach new heightsEgypt’s expanded currency swap with China may help bring the yuan into wider use in trade and investment, but experts say any reduced reliance on the US dollar will not happen in a hurry. Chinese President Xi Jinping and his Egyptian counterpart Abdel-Fattah el-Sisi this week backed greater use of their currencies, while linking closer financial ties to plans for new factories, energy projects and digital infrastructure. A joint statement released on Wednesday during Xi’s state visit to Cairo...South China Morning Post
BUSINESSSep 2Egypt: Cairo and Beijing sign deals on economy, technologyOn Wednesday, Xi Jinping and his Egyptian counterpart, president Abdel Fatah el-Sissi, oversaw the signing of a series of deals, including on technology, economic co operation and the digital economy.Africanews [en]
BUSINESSAug 30Banque Misr, Egypt’s second-largest, hit by US sanctions: What to knowMove comes as Washington steps up its efforts to economically pressure Iran amid deadlock in truce talks.Al Jazeera [en]
BUSINESSAug 29Egypt Banque Misr reviews US Iran sanctions notice , UAE central bank launches urgent examinationEgypt's Banque Misr is reviewing a US notice regarding Iran sanctions, while the UAE central bank has launched an urgent examination. This signifies regional financial institutions' responses to international sanctions.channelnewsasia.com · United States
BUSINESSBREAKINGAug 29US due to cut off UAE branches of Egypt's Banque Misr over Iran tiesAfricanews [en]
BUSINESSAug 28Treasury moves to sanction UAE branch of Egyptian bank over Iran tiesBanque Misr UAE processed about $1.8 billion over two years for some 100 companies that are potentially part of Iran's shadow banking network, Treasury said.CNBC
BUSINESSAug 27Energean in exclusive talks to buy BP oil and gas assets in Egypt - ReutersEnergean is reportedly engaged in exclusive negotiations to acquire oil and gas assets belonging to BP in Egypt. This potential acquisition would represent a notable transaction within the energy sector.Seeking Alpha Tech
BUSINESSAug 25Eni, BP seeking final investment decision on Egypt gas discovery in coming monthsEni and BP are reportedly seeking a final investment decision on an Egyptian gas discovery within the coming months.Seeking Alpha Tech
BUSINESSAug 25Eni boosts gas in Egypt: $8.5 billion investment, 230 new wellsEni steps up its presence in Egypt: 8.5 billion dollars invested, 30 exploration wells and 200 development wells, focusing on Zohr, Denise West and Cyprus's Cronos project.EuroNews [en]
BUSINESSAug 25Eni's gas push in Egypt: $8.5 billion investment and 230 new wellsEni strengthens its foothold in Egypt with 8.5 billion dollars of investments, 30 exploration wells and 200 development wells, focusing on Zohr, Denise West and Cyprus's Cronos project.EuroNews [en]
BUSINESSAug 23Egyptian investors eye $500m industrial projects in EkitiEgyptian investors are considering industrial projects worth $500 million in Ekiti. This indicates potential significant international business investment in the region.thenationonlineng.net · Nigeria