Latest news with #Badawi
Daily News Egypt
2 days ago
- Business
- Daily News Egypt
Government efforts continue to secure gas supplies for power, industry during summer
Minister of Petroleum and Mineral Resources Karim Badawi has affirmed that the ministry is pressing ahead with its strategy to sustainably provide natural gas to meet domestic market needs — particularly for the electricity and industrial sectors — amid rising power loads during the summer months and increased fuel consumption driven by high temperatures. His remarks came during a visit to the main control centre of the national natural gas grid, the National Advanced Transmission and Automation Centre (NATA), operated by the Egyptian Natural Gas Company (GASCO) in New Cairo, where he reviewed the operational status of gas pumping across the national grid. Badawi also checked the efficiency of operations and gas flow from local production sources as well as through the three regasification vessels currently stationed at the SUMED and Sonker terminals in Ain Sokhna. The Minister noted the successful securing of fuel and gas for the power sector during the recent heatwave, attributing it to the ministry's proactive contingency plans and emergency response strategies. He stressed the importance of ongoing coordination between the Ministry of Petroleum and Mineral Resources and the Ministry of Electricity and Renewable Energy, supported by joint teams working around the clock to assess the sector's evolving gas requirements and ensure timely LNG imports. Badawi concluded by emphasising that the state remains committed to sustaining local fuel and gas supplies to maintain energy system stability, in line with broader economic development objectives.
See - Sada Elbalad
5 days ago
- Business
- See - Sada Elbalad
Egypt's Petroleum Min. Affirms Full Support for Exploration Plans in Nile Delta
Taarek Refaat Egypt's Minister of Petroleum and Mineral Resources Karim Badawi has reiterated the government's full support for Dana Gas and its exploration efforts in the onshore Nile Delta, during a high-level meeting with the company's CEO, Richard Hall, on Wednesday. The meeting, described as extensive and strategic, reviewed Dana Gas's current activities in Egypt and discussed its future development plans in its concession areas. Minister Badawi commended the company's performance and technical achievements, expressing appreciation for the efforts of its operational teams. He emphasized that the Ministry of Petroleum remains committed to supporting international partners through a coordinated and integrated framework, aimed at overcoming challenges and accelerating the production timeline for new discoveries. 'Supporting exploration and fast-tracking discoveries into production aligns with our national strategy to increase domestic output and meet market needs for gas and petroleum products,' Badawi said. On his part, Dana Gas CEO Richard Hall hailed Egypt as a strategic partner and a central pillar of the company's regional investment portfolio, citing the promising geological potential of the Nile Delta and other Egyptian basins. He confirmed the company's desire to intensify exploration and expedite development operations to bring newly discovered wells online more quickly. Hall also expressed appreciation for Minister Badawi's recent visit to the Begonia-2 well site in the New Mansoura onshore concession, operated by Wasco Petroleum in partnership with Dana Gas. He described the visit as a strong message of encouragement and motivation to the technical teams working on the ground. 'Minister Badawi's field visit was a significant morale boost that reaffirmed our joint commitment to sustainable growth in Egypt's upstream sector,' Hall said. 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 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Sports Get to Know 2025 WWE Evolution Results
See - Sada Elbalad
5 days ago
- Business
- See - Sada Elbalad
China's Kiping Solar Technology Plans Industrial Project in Egypt's SCZone
Taarek Refaat Kiping Solar Technology, a leading Chinese manufacturer of solar glass panels, is preparing to launch a major industrial project in Egypt's Suez Canal Economic Zone (SCZone), in a move that could significantly boost the country's green energy manufacturing sector. The announcement followed a high-level meeting held on the sidelines of the Egypt International Mining Forum between Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, and a delegation from Kiping Solar Technology. Discussions centered around the company's plan to establish a solar glass production facility within the SCZone. According to a statement released after the meeting, the Chinese company intends to capitalize on Egypt's strategic location, abundant raw materials, and robust infrastructure to support green industrial projects. 'The government fully supports serious investments that promote technology transfer, maximize local content, and generate employment,' said Minister Badawi. 'The mining sector is advancing toward increasing the added value of Egypt's mineral resources through industrialization.' The proposed project is expected to enhance local value chains, reduce dependence on imported components in Egypt's renewable energy sector, and create hundreds of jobs. Officials also discussed potential areas of cooperation between the company and the Egyptian Mineral Resources Authority (EMRA), particularly in aligning the initiative with Egypt's broader green energy and local industrialization strategies. 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 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Sports Get to Know 2025 WWE Evolution Results
Al-Ahram Weekly
6 days ago
- Politics
- Al-Ahram Weekly
Senate campaigning kicks off
The lists of candidates competing for seats in the Senate in the August elections will be finalised this week. Head of the National Elections Authority (NEA) Hazem Badawi announced this week that the papers of 469 individual candidates and of one party list for the 4-5 August Senate elections have been accepted by the NEA. He indicated that the administrative courts have also finalised revising appeals filed against the lists of candidates. Final candidate lists will be published in two state-owned newspapers on 18 July so that voters can identify the candidates, Badawi said. The Senate consists of 300 members, two thirds of whom will be elected by secret ballot, while the president will appoint the remaining third. No fewer than 10 of the total number of seats will be allocated to women. Semi-final tallies show that four political parties —Mostaqbal Watan (the Nation's Future), the Unified Front, Homat Watan (Protectors of the Nation), and the People's Republican — are leading the race with around 303 individual candidates. Opposition parties like the Justice Party, the Egyptian Democratic Party, and the Reform and Development Party are also fielding candidates running as individuals. Mostaqbal Watan dominates among the 12 political parties running under the umbrella of the National Unified List (NUL — For the Sake of Egypt), fielding 44 candidates. The other parties include Homat Watan with 19 candidates and the National Front with 12. The People's Republican and the Egyptian Democratic Party, the Reform and Development Party, the Justice Party, the liberal Wafd Party and the leftist Tagammu Party, the Generation's Will Party, the Freedom Party, and the Congress Party are also fielding five or fewer candidates as part of the NUL. The Civil Democratic Movement, which includes several opposition parties, has decided not to participate in the Senate elections, with its spokesman political science professor Mostafa Kamel Al-Sayed describing the poll as 'a foregone conclusion'. The Mostaqbal Watan-led NUL includes high-profile businessman and construction magnate Mohamed Al-Morshedi, the deputy chairman of the Party. It also includes iron and steel business tycoon Ahmed Abu Hashima, deputy chairman of the People's Republican Party, and the Wafd Party's Deputy Chairman Tarek Abdel-Aziz. Abdel-Wahab Abdel-Razek, speaker of the outgoing 2020-2025 Senate and chairman of the Mostaqbal Watan Party, has decided not to run. Unlike the Senate's first elections in 2020 when three party lists competed, the NUL is the only one running this year. This suggests that it will win unopposed. This has led many observers to comment that the result of the poll has already been decided. Al-Sayed said that the small number of candidates — 469 — shows that there is a lack of interest in the Senate elections. In 2020, when the elections were held for the first time, there were around 760 individual candidates and three party lists, he pointed out. 'This reflects apathy and indifference about this election,' Al-Sayed said, adding that the adoption of the closed list system and the limited role played by the Senate were mainly to blame for the lack of interest. The result is a foregone conclusion because the 100 candidates on the one-party list will win, and the president will appoint another 100 candidates, he said. The individual seats will be swept by pro-government candidates affiliated with parties like Mostaqbal Watan, the Unified Front, the Homat Watan, and the People's Republican, Al-Sayed said. The 300-seat Senate was created after a number of constitutional amendments were passed in April 2019. A review of the amended constitution shows that the Senate has purely advisory powers. The state's socio-economic development plans, foreign agreements, laws, and other public policy matters are required to be discussed by the Senate, but the final say on them is the prerogative of the lower house of parliament (the House of Representatives). Lawyer and human-rights activist Tarek Al-Awadi said on his Twitter account on 10 July that 'the presence of a single, uncontested list in the Senate elections does not reflect the strength of this list but rather reveals the depth of the crisis plaguing Egypt's political landscape… the elections lack any kind of meaningful competition.' Political activist and commentator Mohamed Abul-Ghar said on his Facebook page that the lack of competition in the Senate elections and the low number of candidates show that democracy in Egypt is regressing. Reda Farahat, vice president of the Egyptian National Congress Party, attributed the small number of candidates to the fact that running in the Senate elections is costly for both individuals and political parties. The electoral districts are very large in geographical size, a fact which makes it difficult for most political parties and individuals to campaign, Farahat said. Egypt is divided into 27 districts designated for individual candidate elections (independents), while four districts are reserved for candidates on the closed party lists. Two of these districts (Cairo and South and Middle Delta and North and Middle and South of Upper Egypt) are allocated 74 seats (37 each), and the other two districts (East Delta and West Delta) are allocated 26 (13 each). Essam Hilal, deputy secretary general of the Mostaqbal Watan Party, said the NUL includes candidates from both pro-government and opposition parties. 'It is an electoral coalition that will lead to the creation of a multi-party Senate reflecting all political backgrounds and ideologies,' he said. Assem Al-Gazzar, a former housing minister and chairman of the Unified Front Party, said the NUL reflects a partnership among different political forces. 'Instead of each one having its own electoral list, a number of political parties decided to form a unified list that aims to achieve the public interest and reinforce internal political stability,' Al-Gazzar said. Campaigning for the Senate elections is scheduled to kick off on 18 July and continue until 31 July. There will be a silent day on 30 July, after which the polls will open for Egyptians living abroad on 1-2 August and for those inside the country on 4-5 August. Polling stations will be open during election days from 9am to 9pm. Candidates have the right to use the state-owned media in an equal manner. They are prohibited from using religious slogans or mosques or churches for campaigning. Badawi stressed that the media must refrain from spreading rumours or showing bias to particular parties. He said that media outlets would be banned from conducting opinion polls, adding that the media must provide fair coverage and deal with all the candidates on an equal footing. * A version of this article appears in print in the 17 July, 2025 edition of Al-Ahram Weekly Follow us on: Facebook Instagram Whatsapp Short link:
See - Sada Elbalad
15-07-2025
- Business
- See - Sada Elbalad
Minister of Petroleum: Mining Sector Achieves $1.5 Billion in Gold and Silver Sales Over One Year
Waleed Farouk Kareem Badawi, Minister of Petroleum and Mineral Resources, stated that promising indications of new gold reserves in Egypt's Eastern Desert were revealed during an exploratory visit conducted by global mining giant Barrick Gold last April. Speaking at the Egypt Mining Forum held today in Cairo, the minister noted that the mining sector witnessed exceptional performance last year. Production of mineral ores increased by 39%, reaching 26 million tons, while export revenues from these ores jumped by 131%, generating an additional $446 million. Badawi pointed out that Egypt produced approximately 640,000 ounces of gold and silver over the past year. He explained that gold sales saw strong growth of 57%, reaching around $1.5 billion, reflecting the sector's growing attractiveness to international investors. He added, 'A total of 1.4 million tons of mineral ores and products were exported during the year, valued at $52.5 million — excluding phosphate ore.' 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 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
