Mohamed Farag

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Latest by Mohamed Farag


HCWW negotiates to finance Lake Qaroun project with €300m

The Holding Company for Water & Wastewater (HCWW) is currently negotiating with the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) to finance the wastewater project and the restoration of Lake Qaroun at a cost of €300m. Mamdouh Raslan, chairperson of HCWW, said that the project aims to build a …

Mohamed Farag

Electricity companies collected EGP 500m from power thefts over 3 months

Electricity distribution companies collected a total of EGP 500m from power thefts between January and March. Sources at the Ministry of Electricity said that South Cairo Electricity Distribution Company, North Cairo Electricity Distribution Company, North Delta Electricity Distribution Company, and Canal Company for Distribution of Electricity are the highest collectors of fees for power thefts, …

Mohamed Farag

Egypt to receive diesel shipment from Aramco

Egypt is set to receive a diesel shipment as part of its petroleum products agreement with Saudi Arabia’s Aramco this weekend. Head of the Egyptian General Petroleum Corporation (EGPC), Abed Ezz El Regal, said that the agreement with Aramco includes committing to the timetable of shipments. He added that four shipments of fuel, including two …

Mohamed Farag