News about economy

February 25, 2017

EuroAfrica cable enters crucial phase

The EuroAfrica Interconnector, a planned subsea electric cable connecting the Egyptian, Cypriot and Greek power grids to continental Europe has entered a crucial phase of conducting […]
February 25, 2017

Total to start exploratory drilling off Cyprus with Greece following

The discovery of natural resources in Israel and Egypt has motivated big companies to look into the Eastern Mediterranean closer. The French oil exploration company Total is ready to […]
February 21, 2017

Egypt sets up new fund to revive tourism industry

Egypt has set up a new fund worth 5 billion Egyptian pounds ($267 million) to upgrade hotels, tourist resorts and Nile floating boats across the country […]
February 2, 2017

French Total preparing to drill off Cyprus for natural gas, says ministry source

French energy company Total is preparing to make an exploratory marine drilling off Cyprus, a Ministry of Commerce and Energy source said on Saturday. Total, along […]