INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Egypt looks to neighbors, and beyond, for power supply

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  • The ministry is studying a huge project for power linkage with Cyprus, Crete and Greece
  • Shaker said the launch of power projects to connect with Libya is a strategic goal for the two countries

In order to make sure that Egyptians get an uninterrupted supply of electricity, Egypt has taken steps to strengthen power  linkage lines with neighboring countries such as Jordan, Sudan and Libya to ensure uninterrupted electricity supply to the country, Asharq Al-Awsat quoted Egyptian Minister of Electricity Mohamed Shaker as saying.

The minister said the country is also considering expanding its efforts to Europe through maritime cables to fill existing gaps between supply and demand.

Shaker said the launch of power projects to connect with Libya is a strategic goal for the two countries.

The ministry is studying a huge project for power linkage with Cyprus, Crete and Greece.

The Egyptian Nuclear Power Plants Authority recently submitted the necessary documents to obtain permission to start construction on the first nuclear plant in El-Dabaa, Marsa Matrouh, to generate 4,800 MW of electricity.