Dana Gas Receives Major Payment from Egyptian Government

Dana Gas confirms receiving $50 million from Egyptian authorities, significantly improving its financial position in the country.

Dana Gas announced on Monday that it has received a cash payment of $50 million (184 million dirhams) from the Egyptian government. This significantly reduces the amounts due to the company in Egypt. This step is important for the company's financial position and strengthens its cooperation with Egyptian authorities.

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2026-01-25T13:08:48+00:00

Egypt and China Sign Agreement on Battery Cell Production

The Egyptian Cabinet's Media Center announced the signing of a strategic agreement between Egypt and China to localize the production of energy storage battery cells. This step aims to strengthen economic ties and develop the high-tech sector.

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2026-01-25T10:21:17+00:00

Egypt Cancels Customs Exemptions for Imported Phones

Head of Egyptian Customs confirms the cancellation of exemptions on imported phones, explaining it's a temporary measure to protect local industry and regulate the market, aimed at Egyptians abroad.

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2026-01-24T23:58:15+00:00

Growing Demand for Old Phones in Egypt for Gold Extraction

In Egypt, there is a growing demand for old and damaged mobile phones to extract gold from their components. Traders report rising prices for boards from broken devices, linking this to the rising cost of gold and the development of new recycling technologies. Chinese scientists have developed an innovative method that could change the industry.

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