Egypt

CAIRO, Sept 6 (NNN-MENA) – Egypt’s Manufacturing Commercial Vehicles (MCV) and Sweden’s Volvo, yesterday signed in Cairo, an agreement to jointly manufacture electric buses in Egypt, for the European market.

MCV will manufacture the buses with “50 percent local content,” according to a statement by Egypt’s Ministry of Trade and Industry.

CAIRO, Aug 30 (NNN-MENA) – Egyptian President, Abdel-Fattah al-Sisi, and visiting Chairman of Sudan’s Sovereign Council, Abdel Fattah Al-Burhan, yesterday discussed bilateral ties and the latest developments in the Sudanese crisis.

An Egyptian presidential spokesman said in a statement that, during the meeting, at the coastal city of New Alamein, Sisi attached great importance to the historical bonds and deep relations between his country and Sudan, at the official and popular levels.

CAIRO, Aug 30 (NNN-MENA) – Egypt is planning to drill 35 new natural gas wells in the Mediterranean Sea and the Nile Delta, in the next two fiscal years, to boost its natural gas production, the Egyptian Cabinet said in a statement yesterday.

The country already drilled ten natural gas wells during the fiscal year 2022-2023, which ended on Jun 30, 2023, the statement quoted Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, as saying.

29 August 2023; MEMO: Egypt plans to drill 35 gas wells by mid-2025, according to the country’s Petroleum Minister on Tuesday, Anadolu Agency reports.

“The drilling of the 35 wells will cost over $1.5 billion in investments, and aims to increase the country’s production and reserves,” Tarek El-Molla said in a statement.

The drilling of the new well is part of a plan worth $1.9 billion to explore for gas in the Mediterranean and the Delta.

25 August 2023; MEMO: Egypt hopes its imminent inclusion in the BRICS bloc of developing nations will help ease its shortage of foreign currency and attract new investment, but analysts say it may take time before any benefits appear, Reuters reports.

The bloc, which includes Brazil, Russia, India, China and South Africa, on Thursday invited Egypt and five other countries to join, and Egypt immediately welcomed the offer.

CAIRO (AP) — Two tankers carrying oil products and liquefied natural gas collided in a single-lane stretch of the Suez Canal, briefly disrupting traffic through the global waterway before it was cleared, Egyptian authorities said Wednesday.

CAIRO, Aug. 20 (Xinhua) -- Egypt on Sunday called for calm in Cyprus after the recent attacks on United Nations peacekeepers in the east Mediterranean island.

In a statement, the Egyptian Foreign Ministry called for efforts to stop measures that would fuel tensions between the two parts of Cyprus, underlining the importance of respecting the mandate of the United Nations Peacekeeping Force in Cyprus (UNFICYP) and the relevant UN Security Council resolutions.

18 August 2023; MEMO: Egyptian political prisoner, Mahmoud Abdel-Raheem, has died in the Gamasa Prison in Damietta governorate, two months after both his daughter and wife were killed in a car accident while on their way to visit him in detention, a rights watchdog has said.

The Egyptian Network for Human Rights (ENHR) said Abdel-Raheem, a former employee at the Ministry of Religious Endowments, was sentenced to three years in prison.

CAIRO (AP) — Clashes between rival militias in Libya’s capital killed at least 27 people and left residents trapped in their homes Tuesday, unable to escape the violence, medical authorities said.

The fighting appears to be the most intense to shake Tripoli this year. In addition to the 27 deaths, over 100 people were injured in the fighting, Libya’s Emergency Medicine and Support Center, a medical body that is deployed during humanitarian disasters and wars, said early Wednesday.

15 August 2023; MEMO: Data from an international statistics website shows a “terrifying” expectation of the size of Egypt’s national debt over the next five years. Statista has predicted that the debt will be $510.32 billion in 2028, compared with $132.86bn in 2018, an increase of more than 284 per cent over the ten-year period.