Latest news with #EgyptAluminum
Zawya
29-05-2025
- Business
- Zawya
Egypt Aluminum targets $274mln profits in FY25/26
Cairo – The shareholders of Egypt Aluminum greenlighted the estimated budget for fiscal year (FY) 2025/2026, targeting net profits valued at EGP 13.71 billion. The ordinary general meeting (OGM) passed the capital budget with a value of EGP 5.91 billion, according to a bourse statement. Last March, the EGX-listed company penned a power purchase deal with Norwegian company Scatec to establish a 1 GW solar plant at a total cost of $750 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
See - Sada Elbalad
26-03-2025
- Business
- See - Sada Elbalad
Egypt Expands Green Projects to Boost Economy, Sustainability
Ahmed Emam Green projects have become a key pillar supporting Egypt's economy, both now and in the future, as they offer vast opportunities for environmental sustainability, increased productivity, and job creation. These initiatives are also expanding collaboration between the government and the private sector. State-owned companies in Egypt have begun transitioning toward green projects to enhance industrial production in renewable energy sectors while minimizing environmental impact. According to economic studies, green projects in the public sector—such as solar energy plants, wind power projects, and the development of sustainable production technologies—play a significant role in reducing dependence on traditional energy sources like gas and coal. This shift aligns with Egypt's goals to transition into a low-carbon economy. Moreover, these projects contribute to reducing environmental pollution and improving citizens' quality of life, particularly in industries such as fertilizers, aluminum, and chemicals. This transformation also helps Egyptian exports expand into European Union markets. One of the leading companies embracing green initiatives is Egypt Aluminum, along with several subsidiaries of the Chemical Industries Holding Company. These firms have launched projects to power their factories with solar energy, enhance water and energy efficiency, and implement more sustainable industrial practices. These initiatives directly support Egypt's national economy by generating new employment opportunities and increasing productivity in sustainable sectors. As a result, Egyptian products are becoming more competitive in regional and international markets. Ultimately, green projects contribute to achieving Egypt's sustainable development goals and support Egypt Vision 2030, which aims to improve quality of life, preserve the environment, and open new horizons for sustainable investment. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) News Ireland Replaces Former Israeli Embassy with Palestinian Museum News Israeli PM Diagnosed with Stage 3 Prostate Cancer Lifestyle Maguy Farah Reveals 2025 Expectations for Pisces News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
