
PM: Egypt Projects Natural Gas Output to Reach 6.6 Bcf/Day by 2027
Egypt's Prime Minister Mostafa Madbouly said on Wednesday that the country expects to boost its natural gas production to 6.6 billion cubic feet per day (Bcf/d) by 2027, up from the current 4.1 Bcf/d.
Speaking during a briefing on the government's energy strategy, Madbouly highlighted ongoing investments in exploration, development, and infrastructure aimed at increasing output and meeting both domestic demand and export commitments.
The Prime Minister noted that the expansion plan is part of Egypt's broader strategy to consolidate its role as a regional energy hub, leveraging its liquefied natural gas (LNG) facilities and strategic location.
Egypt has emerged as a key gas supplier in the Eastern Mediterranean, benefiting from recent discoveries such as the giant Zohr field. However, production levels have faced challenges in recent years due to natural field declines and fluctuating investment.
Madbouly expressed confidence that new projects, combined with enhanced efficiency in existing fields, will enable Egypt to achieve the 2027 production target.
read more
CBE: Deposits in Local Currency Hit EGP 5.25 Trillion
Morocco Plans to Spend $1 Billion to Mitigate Drought Effect
Gov't Approves Final Version of State Ownership Policy Document
Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister
Qatar Agrees to Supply Germany with LNG for 15 Years
Business
Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves
Business
Suez Canal Records $704 Million, Historically Highest Monthly Revenue
Business
Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday
Business
Wheat delivery season commences on April 15
Videos & Features
Story behind Trending Jessica Radcliffe Death Video
News
Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters
Arts & Culture
"Jurassic World Rebirth" Gets Streaming Date
News
China Launches Largest Ever Aircraft Carrier
News
Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia
Business
Egyptian Pound Undervalued by 30%, Says Goldman Sachs
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Arts & Culture
South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
News
The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


See - Sada Elbalad
13 minutes ago
- See - Sada Elbalad
Egypt's Population Reaches 108 Million: CAPMAS
Taarek Refaat Egypt's domestic population has officially surpassed 108 million, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The figure, announced Saturday, reflects an increase of one million people since November 2, 2024, when the population stood at 107 million. CAPMAS noted that the new million was added in 287 days, or nine months and 17 days, compared to 268 days for the previous million and 250 days for the million before that, indicating a gradual slowdown in the pace of population growth. The agency attributed the trend to a decline in daily birth averages. During the most recent period, Egypt recorded about 5,165 births per day, down from 5,385 in the preceding million increase, and 5,599 in the million before that. Between November 2024 and mid-August 2025, Egypt registered 1.482 million births, the equivalent of 215 births per hour, or 3.6 births per minute, meaning one new child is born every 16.7 seconds. The announcement comes amid government efforts to address population growth, which officials have long described as a central challenge to Egypt's development goals. Earlier this month, CAPMAS also reported that the country's unemployment rate dropped to 6.1% in the second quarter of 2025, suggesting a gradual improvement in labor market dynamics despite persistent demographic pressures. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated


See - Sada Elbalad
an hour ago
- See - Sada Elbalad
Egypt, Jordan Launch Subsea Cable 'Coral Bridge' to Strengthen Digital Connectivity
Taarek Refaat Egypt and Jordan took a major step toward boosting regional digital infrastructure with the official launch of the 'Coral Bridge' subsea cable, the first direct marine link between the two countries in more than 25 years. The high-capacity fiber-optic system was officially landed in the Egyptian city of Taba in South Sinai, in a ceremony attended by Egypt's Minister of Communications and Information Technology Amr Talaat, Jordan's Minister of Digital Economy and Entrepreneurship Sami Al-Samirat, and South Sinai Governor Khaled Mubarak via video conference. Developed jointly by Telecom Egypt and Naitel, the Jordanian telecommunications arm of Aqaba Digital City, the Coral Bridge cable stretches 15 kilometers across the Gulf of Aqaba. It will soon be landed in Aqaba, where it will connect to the Aqaba Digital City's global data center hub. Officials said the system will provide a direct, high-speed digital link that enhances resilience by offering alternative routes and backup connectivity for international traffic. The design incorporates a large number of optical fibers capable of carrying high-volume international data flows, particularly to meet surging demand from AI applications and data centers. The cable will also serve as a seamless bridge across Asia, Africa, and Europe, leveraging Egypt's long-standing role as a global transit point for internet traffic, where over 90% of east–west data flows already pass. 'This marks the first subsea system to be landed in Sinai, opening new routes for international cables and reinforcing Egypt's role as a primary hub for global data movement,' Talaat said. He emphasized that Egypt is currently home to 15 subsea cables and 11 landing stations, with plans to expand further. Jordan's minister Al-Samirat highlighted the project as a 'tangible outcome' of the recent 33rd Egyptian-Jordanian Joint Higher Committee meetings in Amman. He called Coral Bridge a strategic digital gateway for Jordan, one that strengthens its role in the regional and global data economy. 'This project reflects the historic relationship between our two countries and lays the groundwork for greater collaboration in ICT and digital innovation,' he said, extending an invitation to Minister Talaat to visit Jordan for further discussions. South Sinai Governor Khaled Mubarak described the landing in Taba as an important milestone that not only supports digital connectivity but also strengthens ties between South Sinai and Aqaba in joint ventures spanning tourism, sports, and digital services. The Coral Bridge cable was built to the highest technical and environmental standards, integrating sustainability principles to balance performance with ecological responsibility. The system was developed under a January 2024 cooperation agreement between Telecom Egypt and Naitel, underscoring the role of cross-border partnerships in enabling sustainable digital growth. Industry experts say the project could pave the way for future infrastructure investments across the Middle East, positioning Egypt and Jordan as regional hubs in the global digital economy. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated


See - Sada Elbalad
2 hours ago
- See - Sada Elbalad
Egypt Records Highest-Ever Primary Surplus of EGP 629 Billion in FY2024/25
Taarek Refaat Egypt has achieved its largest-ever primary budget surplus, recording EGP 629 billion ($13.1 billion) in the fiscal year 2024/25, equivalent to 3.6% of GDP, according to a statement released Saturday by the Egyptian Presidency. The figure marks an 80% jump compared to the EGP 350 billion surplus registered in 2023/24. Finance Minister Ahmed Kouchouk presented the results during a meeting with President Abdel Fattah El-Sisi, attended by Prime Minister Mostafa Madbouly, stressing that the surplus was secured despite significant external shocks. Among the challenges, the government highlighted a sharp 60% drop in Suez Canal revenues compared to budget forecasts, resulting in a shortfall of around EGP 145 billion. Nevertheless, Kouchouk said the strong fiscal outcome was accompanied by robust improvements in Egypt's broader economic indicators, including a surge in private investment, manufacturing, and export activity. The statement also revealed that Egypt achieved its highest growth in tax revenues in years, climbing 35% to reach nearly EGP 2.2 trillion in FY2024/25. Officials credited the increase to expanded tax facilities, a broadened tax base, and strengthened trust and cooperation with the business community. Overall revenues grew 29% year-on-year, while primary expenditures rose 16.3%, underscoring what the government described as a more efficient fiscal management strategy aimed at consolidating the state budget. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated