Abdel Razek Al-Shuwekhi
776 Articles
Egypt set to export electricity to Cyprus, Greece in October 2021
Egypt is set to sign two agreements for electricity export to Cyprus and Greece in October.
Abdel Razek Al-Shuwekhi
September 15, 2021
Egypt tourism sector receives 60% of dues from foreign tour operators: Al-Anani
Country has strong relationships with international travel and tourism companies, says Tourism Minister
Abdel Razek Al-Shuwekhi
January 11, 2021
Diverse tourism marketing campaigns needed as Egypt may become post- pandemic ‘safe haven’: OUD
We seek to establish medical tourism complex, exploiting Egypt’s natural resources, says Marriott Hills
Abdel Razek Al-Shuwekhi
April 9, 2020
Coronavirus outbreak requires TSFE intervention to rescue private airlines: ex-official
‘History of aviation sector will be in form of era before and era after coronavirus,’ says Hassan Aziz
Abdel Razek Al-Shuwekhi
April 8, 2020
Amid increasing flight suspension, Federation for Private Aviation asks for government aid
Flights to Arab Gulf decline from 25 to one flight a week, says Lamloum
Abdel Razek Al-Shuwekhi
March 10, 2020
Finance Ministry rejects SMEs law article amendments
MSMEDA given five years, administrative detention stopped
Abdel Razek Al-Shuwekhi
February 27, 2020
Egypt’s parliament calls on government to reduce gas prices for factories
Egyptian member of parliament believe fair gas prices for factories is $3.5-4.5 per million British Thermal units
Abdel Razek Al-Shuwekhi
February 23, 2020
Parliament to discuss automotive industry draft law end-February
Car manufacturers, feeding industries companies invited to attend draft law discussions
Abdel Razek Al-Shuwekhi
February 13, 2020
Travco Group to raise prices, increase average occupancy in 2020
The group’s capacity increased to 13,400 rooms this year: source
Abdel Razek Al-Shuwekhi
February 5, 2020
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
Abdel Razek Al-Shuwekhi
November 17, 2019
Misr Travel targets EGP 150m loan from EBRD
Talal Abu-Ghazaleh Organisation will complete the company’s restructuring in December: Source
Abdel Razek Al-Shuwekhi
November 4, 2019
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
Abdel Razek Al-Shuwekhi
September 30, 2019
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
Abdel Razek Al-Shuwekhi
September 29, 2019
Investments in oil sector reach $10.633bn in FY2020
Foreign companies pump 94.3% of investments, state-owned companies represent 5.7%
Abdel Razek Al-Shuwekhi
September 2, 2019
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
Abdel Razek Al-Shuwekhi
August 22, 2019
Mineral sales increase to $740m in FY 2019/20
State revenues from mining activities increase to $60m, says source
Abdel Razek Al-Shuwekhi
August 18, 2019
Tourism investors owe $180m to government
600 investors obtained lands from Tourism Ministry, failed to pay lands’ instalments
Abdel Razek Al-Shuwekhi
August 4, 2019
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
Abdel Razek Al-Shuwekhi
August 3, 2019
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
Abdel Razek Al-Shuwekhi
July 16, 2019
Government allocates EGP 500m for Marina Alamein’s Development
Taamir is negotiating with several government agencies for new activities in city, says Zaazou
Abdel Razek Al-Shuwekhi
July 15, 2019
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
Abdel Razek Al-Shuwekhi
July 4, 2019
Egypt aims to export $2bn worth of gas FY 2019/20
Linking North Alexandria, Zohr, Borolos fields raises local production, says government source
Abdel Razek Al-Shuwekhi
June 27, 2019
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
Abdel Razek Al-Shuwekhi
January 12, 2019
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
Abdel Razek Al-Shuwekhi
December 26, 2018
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
Abdel Razek Al-Shuwekhi
December 23, 2018
Rooms revenue at Nile Ritz-Carlton up by 22% in 2018
Occupancy rates at 77%, Dahab hotel to be completed in 2019
Abdel Razek Al-Shuwekhi
December 20, 2018
France to launch campaign to promote investment in Egypt next March: ambassador
Macron will visit Cairo within few weeks
Abdel Razek Al-Shuwekhi
December 12, 2018
IPO’s high committee will look into first phase next month: Tawfik
Phase included floating 23 companies in banking, chemicals, petroleum, insurance sectors 
Abdel Razek Al-Shuwekhi
December 5, 2018
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 
Abdel Razek Al-Shuwekhi
October 5, 2018
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
Abdel Razek Al-Shuwekhi
September 29, 2018

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