'Largest ever' Med gas field found off Egypt: ENI

Last Updated: Sunday, August 30, 2015, 22:43

Italian energy giant ENI Sunday announced the discovery of the "largest ever" offshore natural gas field in the Mediterranean inside Egypt's territorial waters.

Egypt to build new business capital

Last Updated: Saturday, March 14, 2015, 23:06

Egypt on Saturday signed a USD 45 billion agreement with the United Arab Emirates (UAE) to build the country`s new business capital.

Egypt conference agrees billions in investments

Last Updated: Saturday, March 14, 2015, 22:35

Egypt had signed investment deals worth billions of dollars by Saturday, the second day of a three-day conference aimed at reviving the country`s troubled economy.

Siemens signs `4 bn euro` power deal with Egypt: company

Last Updated: Saturday, March 14, 2015, 22:23

German conglomerate Siemens has signed a "four billion euro" power deal with Egypt, a company spokesperson said on Saturday.

BP signs $12 billion energy deal in Egypt

Last Updated: Saturday, March 14, 2015, 15:57

British oil company BP finalised on Saturday a $12 billion deal with Egypt to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta.

Gulf Arab allies pledge $12 billion to Egypt at summit

Last Updated: Saturday, March 14, 2015, 02:17

Gulf Arab allies pledged a further USD 12 billion of investments and central bank deposits for Egypt at an international summit on Friday, a big boost to President Abdel Fattah al-Sisi as he tries to reform the economy after years of political upheaval.

BP unveils $12 bn investment in Egypt gas fields

Last Updated: Friday, March 6, 2015, 17:43

British energy giant BP said Friday it would invest $12 billion (11 billion euros) in gas fields in Egypt together with Russian-owned partner DEA, calling it a "vote of confidence" in the country.

Fitch raises Egypt`s credit rating to `B`

Last Updated: Saturday, December 20, 2014, 08:53

Fitch Ratings upgraded Egypt`s credit rating one rank to "B" with a "stable" outlook Friday, saying the authorities seemed committed to major reforms.

Egyptian PM says reshuffle to include Sisi`s defence ministry: Report

Last Updated: Saturday, February 1, 2014, 21:30

PM Hazem el-Beblawi said cabinet reshuffle will include defence ministry, Egyptian newspaper said in the clearest sign yet that Field Marshal Abdel Fattah al-Sisi plans to stand for president.

Morsi in court for inciting killing of protesters

Last Updated: Saturday, February 1, 2014, 20:38

Ousted Egyptian President Mohammed Morsi on Friday appeared in a court for trial on charges of inciting the killing of anti-government protesters in 2012.

Egypt air strike kills 7 Sinai militants: Army

Last Updated: Saturday, February 1, 2014, 18:02

The Egyptian army said it killed seven militants in an air strike in the Sinai Peninsula less than a week after jihadists downed a military helicopter in the restive region.

Egypt air strike kills 7 Sinai militants: Army

Last Updated: Saturday, February 1, 2014, 16:23

The Egyptian army said it killed seven militants in an air strike in the Sinai Peninsula less than a week after jihadists downed a military helicopter in the restive region.