Tag: Egypt
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Hundreds of coffins to be restored in Egyptian conservation project
Egypt will restore hundreds of coffins dating back thousands of years to the time of the pharaohs as part of an American-Egyptian project to preserve and document one of the world’s oldest civilisations, a director of the project said. The conservation effort, funded by a US grant, will restore more than 600 wooden coffins that date…
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Moody’s expects economic growth for Egypt by 4% in 2017
CAIRO, Jan 16 (Aswat Masriya) – Moody’s Investor Service expects that Egypt’s economy will grow by 4% in 2017, and the growth rate will increase 4.5% in the following year. Moody’s attributes this potential increase to private consumption and foreign investments which will push forward economic development in Egypt, in a report published on Sunday.…
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Belarus to assemble tractors in Egypt’s Alexandria
An official ceremony to open a modernized plant to assemble Belarus tractors took place in Alexandria, Egypt, BelTA has learned. The company used to assemble tractors of other producers before. However, the production stopped over time and the plant was abandoned. Last year Belarus reached an agreement with private Egyptian companies to refit the production…
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Zohr, Atul, North Alexandria fields to start production this year: Petroleum Ministry
Minister of Petroleum Tarek El-Molla said that the gas fields of Zohr, Atul, and North Alexandria will start the first phase of production this year. El-Molla added in a statement that starting production in these fields will have a positive impact on increasing the production of gas and reducing the gap between production and domestic…