Nuclear Dream of Egypts about to come true

Nuclear Dream of Egypts about to come true

The agreement commits the two countries to build a nuclear power station that will start operation in 2022. Securing about 50 % of Egypts energy needs.

Egypt Signs new Gas deal with Mitsubishi Hitachi

Egypt Signs new Gas deal with Mitsubishi Hitachi

A subsidiary of the Egyptian Electricity Holding Company to increase output and cut downtime losses through extension of the inspection intervals.

N Korea sanctions impacting subsidiary: Orascom

Egypt’s Orascom Telecom said on Sunday that sanctions against North Korea had affected its ability to control its subsidiary there, and it was removing Koryolink from its consolidated financial statement.
The group said in a statement the sanctions had affected its ability to transfer currency, distribute profits as well its negotiations with North Korea’s telecoms regulator.
“OTMT reaffirms that negotiations with the (North) Korean side are ongoing and that the team at Koryolink is still carrying out its duties,” the company said in a statement to the Egyptian bourse.

Via

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