Tag: Egypt
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New Pyramid Discovered in Egypt
The Egypt Independent reports that the remains were uncovered at the Dahshur Necropolis, an area about 25 miles south of Cairo on the west bank of the Nile. That area is home to what is considered to be some of the earliest pyramids including Sneferu’s Bent Pyramid and Red Pyramid. While the pyramid-shaped upper section is…
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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…