05:30
cairo, gmt + 2
27 July
Saturday, 2024
Thu, 25 Jul 2024 - 10:57 GMT
Minister Kouchouk added that the challenges are due to the high cost of financing and the decline in foreign direct investment flows directed to emerging countries.
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Central to the discussions was the swift execution of strategies aimed at alleviating electricity burdens, particularly during the demanding summer months.
On Tuesday, Farid issued Decision No. 1732 of 2024, revealing the specific criteria for firms to qualify for future FRA approval
This forecast is only slightly below the International Monetary Fund’s (IMF) expectations of 4.1 percent after its latest revision, followed by the World Bank and Egypt’s own forecast of 4.2 percent
The official has affirmed that Egypt will recurrently release bids for gas imports until local production rebounds.
Minister of Investment and Foreign Trade, Hassan El-Khatib, held a meeting with the members of the council where they discussed various matters.
The projects, with a total investment of $700 million, are expected to significantly contribute to Egypt’s renewable energy goals.
Joining the discussion were the Executive Vice President and Chief Financial Officer of Apache Corporation, as well as Karim Badawi, the Minister of Petroleum and Mineral Resources.
The source also mentioned that the current reserve balance is sufficient to cover approximately 7.9 months' worth of the country's merchandise imports.
The primary objective of this project is to establish a collaborative energy exchange system that takes advantage of the differing peak times and increased loads in both countries.
In the coming few weeks, citizens will receive an “NTRA Alert” whenever they are contacted by a number from the database, or the identity of the commercial entity prior to the call
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