News
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6 archeological missions to resume underwater excavations in Egypt
The head of the department, Mohamed Abdel Maguid, said the missions submitted their papers for approval in December in an effort to be ready before April. Only two of the six missions will resume work next month, he added. The first of these two missions is the French Le Centre d’études Alexandrines (CEAlex), headed by…
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EBRD is studying financing five feed-in tariff projects in its 2nd phase
Heckman told Daily News Egypt that the bank refused to finance the first phase of the feed-in tariff projects due to the domestic arbitration clause, as they wished it to be outside Egypt. According to Heckman, EBRD is planning to inject investments worth €1bn in Egypt during the current year. She explained that most of…
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Egypt, Russia to finalise contracts for Dabaa nuclear plant within two months
Government sources said that Egyptian and Russian officials are meeting daily, in presence of the technical advisor for the project, WorleyParsons, and the legal adviser, Shearman & Sterling, to finalise the rest of the contracts. The sources added that the two parties expect the contracts to be ready within two months. After the draft is…
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Greece offers ancient archaeological wonders in exchange for Elgin Marbles
The Athens government, which decided against taking legal action against the UK last year, will instead renew diplomatic efforts with an offer to regularly loan some of the wonders of Ancient Greece to British institutions in exchange. While it is unknown what might be offered, Greek museums hold astonishing art works created in antiquity. The arrival of…