Abdel Razek AlShuwekhi - Daily News Egypt

Abdel Razek Al-Shuwekhi

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Latest by Abdel Razek Al-Shuwekhi

Egypt’s petroleum products, gas consumption up to 92.4m tonnes in FY 2019/20: source

Domestic fuel needs increase by 4% annually, according to sources

Egypt aims to increase oil exports revenues to $8.5bn in FY 2019/20

Quantities include the foreign partner’s share at an average price of $55 a barrel, say government sources

Misr Travel targets EGP 150m loan from EBRD

Talal Abu-Ghazaleh Organisation will complete the company’s restructuring in December: Source

Recent interest rate cuts save EGP 20-25bn in state budget: Finance Ministry

Interest cuts will not affect attractiveness of government debt instruments, says Kouchouk

Egypt targets 3.8% growth in oil, condensates production in FY 2019/20

Refining 3.6m tonnes of crude oil, gas production increases to 51.1m tonnes, says source

Investments in oil sector reach $10.633bn in FY2020

Foreign companies pump 94.3% of investments, state-owned companies represent 5.7%

Nesma Airlines targets 23.6% growth passenger traffic to and from Egypt in 2019: CEO

Company to add 2 aeroplanes to fleet by end-2019 under financial leasing, says Lamloum

Mineral sales increase to $740m in FY 2019/20

State revenues from mining activities increase to $60m, says source

Tourism investors owe $180m to government

600 investors obtained lands from Tourism Ministry, failed to pay lands’ instalments

Egypt’s crude oil, petroleum products imports decrease by $3bn in FY2019/20: Government sources

Country’s domestic consumption of natural gas to increase to 51.1 million tonnes

EGPC forecasted net profit fell to EGP 21.4bn in FY 2019/20, down 30%

Profit targets were set based on minimum oil, gas production, say sources

Government allocates EGP 500m for Marina Alamein’s Development

Taamir is negotiating with several government agencies for new activities in city, says Zaazou

Egyptian Mineral Resources Authority targets EGP 2.4bn in profits in FY 2019/20

Government calls on management to develop various investment plans to increase profits

Egypt aims to export $2bn worth of gas FY 2019/20

Linking North Alexandria, Zohr, Borolos fields raises local production, says government source

Government suggests raising monopoly fine to EGP 500m in Protection of Competition Law amendment

President entitled to appoint authority’s board of directors but cannot dismiss them

CAO detects EGP 1.7bn not supplied by Egypt’s special funds in 2017

Income, VAT revenues in first quarter of current FY exceeded target

We seek to issue T-bonds, T-bills with long terms ranging from 10-30 years: Moeit

High Federal Reserve’s interest rate raises cost of converting maturity of Egyptian debt to medium, long, says Omar

Rooms revenue at Nile Ritz-Carlton up by 22% in 2018

Occupancy rates at 77%, Dahab hotel to be completed in 2019

France to launch campaign to promote investment in Egypt next March: ambassador

Macron will visit Cairo within few weeks

IPO’s high committee will look into first phase next month: Tawfik

Phase included floating 23 companies in banking, chemicals, petroleum, insurance sectors

India’s Sanmar aims to reach maximum production capacity in April

Development of East Port Said benefits company’s investments, stimulates foreign investment in region

Kuwaiti Kharafi group considers selling a hotel in Marsa Alam

Kharafi largest investors in tourism sector in Egypt, $2.1bn to establish Marsa Alam Airport

We have nothing to do with Muslim Brotherhood companies: Tatweer Misr

Tatweer Misr for Touristic Investments and Land Reclamation Company said that it has nothing to do with Tatweer Masr Real Estate Company whose funds are seized by the Inventory, Seizure and Management Committee of Muslim Brotherhood Funds.