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Egypt News and Analysis

News

Carbon Holdings is in negotiations with the UAE government over a $400m investment in its giant Tahrir petrochemicals complex

Carbon Holdings negotiates $400m UAE investment Subscription Required

29 October 2014 | By Wil Crisp

Planned Tahrir petrochemicals project will involve almost $5bn in construction contracts

Metro

Contractors bid for Cairo metro work Subscription Required

28 October 2014 | By Colin Foreman

Work covers third phase of Line 3

BG in talks with BP to boost Egypt liquefied natural gas output

BG in talks with BP to boost Egypt gas output Subscription Required

27 October 2014 | By Wil Crisp

Scheme could increase exports from Idku liquefied natural gas plant

Sinai attack

Al-Sisi says militant Islam threatens Egypt’s existence Subscription Required

26 October 2014 | By Wil Crisp

Egyptian president’s warning comes after at least 31 soldiers were killed in a bomb attack

Kuwait Energy strikes oil in Egypt

Kuwait Energy strikes oil in Egypt Subscription Required

22 October 2014 | By Wil Crisp

CEO says find has potential to boost daily production levels

Egypt and Sudan have agreed to support Libya's military as the nation’s parliament struggles to retake control of the country’s two biggest cities

Egypt and Sudan agree to support Libya’s military Subscription Required

21 October 2014 | By Wil Crisp

About 65 have died so far in battle to take control of Benghazi

Egypt’s outlook has been upgraded from negative to stable by US ratings agency Moody’s Investors Service

Moody's upgrades Egypt outlook to stable Subscription Required

21 October 2014 | By Rebecca Spong

Increased political stability drives decision by ratings agency

The developers of Israel’s offshore Tamar gas field have signed a memorandum of understanding agreeing to sell Egypt’s Dolphinus Holdings as much as 2.5 billion cubic metres of gas

Agreement signed on Israeli gas exports to Egypt Subscription Required

20 October 2014 | By Wil Crisp

Tamar field partners agree to sell at least 2.5 billion cubic metres of gas to Egypt over three years

Suez

Egypt targets 6 per cent growth in new development plan Subscription Required

19 October 2014 | By Rebecca Spong

Finance ministry calls for more private sector investment

Egypt housing deal is close

Arabtec says final Egypt housing deal is close Subscription Required

19 October 2014 | By Colin Foreman

First phase involves development of 120,000 units in three cities

Suez Canal

Two teams win Suez Canal dredging Subscription Required

19 October 2014 | By Colin Foreman

The work is divided into five lots

Power plant

Egypt invites bids for power plant equipment contract Subscription Required

14 October 2014 | By Andrew Roscoe

Contract involves providing heat recovery generators for Al-Shabab power plant conversion project

Egypt receives bids for Suez Canal expansion

Egypt receives bids for Suez Canal expansion Subscription Required

12 October 2014 | By Colin Foreman

Contract covers dredging part of project

Rig

Amak wins investment to fund Egypt expansion Subscription Required

8 October 2014 | By Rebecca Spong

Gulf Capital provides $25m to oil services firm

Repayment fails to kick-start Egypt gas project

Repayment fails to kick-start Egypt gas project Subscription Required

7 October 2014 | By Wil Crisp

BG Group remains in talks with Cairo over $1.5bn West Delta Deep Marine field development

Cairo

Egypt to raise further bank funding to repay oil debt Subscription Required

6 October 2014 | By Rebecca Spong

Further loans expected to be raised before year-end

The Egyptian government has paid $1.5bn in owed money to foreign oil and gas companies, cutting its total debt to $4.9bn

Egypt cuts energy debts to $4.9bn Subscription Required

6 October 2014 | By Wil Crisp

Government pays $1.5bn to foreign oil and gas companies

Petchems

Egypt to invest $14bn in refining and petrochemicals Subscription Required

30 September 2014 | By Wil Crisp

Oil Minister says plan includes $1.9bn investment in ETHYDCO

Egypt desert

Eni wins three Egyptian exploration licences Subscription Required

29 September 2014 | By Wil Crisp

Blocks are located in Western Desert and offshore

Gas

Dana Gas awarded two Egyptian offshore concessions Subscription Required

29 September 2014 | By Wil Crisp

UAE gas company is awarded two blocks in the Nile Delta

Analysis

Egypt oil and gas balance

Israeli gas exports to Egypt look increasingly likely Subscription Required

23 October 2014 | By Wil Crisp

Cairo’s failure to ease shortage makes Israeli gas an attractive option

National duty: Egyptians flocked to buy investment certificates for the Suez canal expansion

Suez projects to kick-start investment Subscription Required

16 October 2014 | By Rebecca Spong

Cairo’s plans to expand the Suez Canal are central to its economic vision for Egypt

Illustration of Basil el-Baz

Basil el-Baz, chairman and CEO of Carbon Holdings Subscription Required

1 October 2014 | By Wil Crisp

Basil el-Baz believes Egypt can compete with the US and Saudi Arabia when it comes to world-class petrochemicals facilities

Maintaining peace: Security in Cairo has been increased, with tanks in the streets

Egypt tense ahead of elections Subscription Required

25 September 2014 | By Wil Crisp

An uneasy atmosphere prevails across the country ahead of parliamentary polls set to take place before the end of the year.

Economic impact: Frequent power cuts are causing havoc for local businesses

Tackling Egypt's gas crisis Subscription Required

18 September 2014 | By Wil Crisp

Cairo will have to tackle dysfunctional subsidies and resolve pricing disputes in order to shrink the shortage of gas

Egypt bank exposure to government debt

Egypt banks remain heavily exposed to sovereign debt Subscription Required

7 August 2014 | By Rebecca Spong

Lending to private sector remains low

Rigs operating in the Middle East and North Africa, June 2014

Middle East rig count on the rise Subscription Required

31 July 2014 | By Kevin Baxter

The region is now the world’s second-biggest market for operating oil rigs

Egypt fiscal balance and government debt

Al-Sisi kicks off austerity drive Subscription Required

10 July 2014 | By Wil Crisp

Protests over fuel subsidy cuts mean the new president faces a difficult balancing act in shrinking Egypt’s fiscal deficit and maintaining his popularity

Nuclear power

Egypt makes another tilt at nuclear power Subscription Required

30 June 2014 | By David Butter

President Abdul-Fattah al-Sisi named the El-Dabaa nuclear power among his priority national projects in his first speech following his inauguration. The challenge is making it a reality

Mending relations: US Secretary of State John Kerry (left) visited Egypt in late June

Al-Sisi’s foreign policy challenge Subscription Required

26 June 2014 | By Rebecca Spong

The new president’s strong-arm moves could both attract investment into Egypt and turn international opinion against him

Comment

Suez Canal

Egypt seeks to revamp its reputation

16 October 2014 | By Rebecca Spong

Suez Canal projects are playing a symbolic role in kick-starting the Egyptian economy

Egypt needs to work with international oil companies to fast-track projects to develop gas fields

Cairo looks for escape route

18 September 2014 | By Wil Crisp

Egypt is struggling to find a way to solve its escalating gas crisis

Gas

The battle to bring West Nile Delta online

11 September 2014 | By Wil Crisp

Delays to getting Egypt’s biggest gas project producing will punish the Egyptian economy

Egypt

Egypt moves ahead with key power projects Subscription Required

3 July 2014 | Updated: 7 July 2014 | By Andrew Roscoe

Energy projects top the agenda for Egypt’s new government with atomic power proposed as the main solution

Egypt

Journalists’ jailing fuel for instability Subscription Required

26 June 2014

The imprisonment of three Al-Jazeera journalists could turn support for Al-Sisi against him

Egypt Al-Sisi supporters

Al-Sisi will be under pressure Subscription Required

12 June 2014

Egypt’s newly elected president faces a tough year ahead as he juggles the needs of the people along with those of foreign investors

Reform: Whoever is elected must make tough choices

Stability falls to next leadership Egypt Subscription Required

24 April 2014 | By Rebecca Spong

Egypt’s new leadership must work out how to revitalise the economy while balancing political stability and electoral satisfaction

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