World Bulletin/News Desk
Egypt's ministers of electricity and industry announced Sunday that Egypt has plans to depend on coal to generate electricity and power cement factories.
Minister of Electricity Ahmed Imam said the Cabinet's Higher Committee for Energy had asked the Environment Ministry to consider the environmental effects of using coal to generate electricity and operate cement factories.
He said the state-run Egyptian Electricity Holding Company, the main government agency responsible for the generation of electricity, had approved three potential locations for the construction of Egypt's first coal-powered electricity station.
He added that the three locations included Oyoun Moussa, northeast of Egypt, West of Damietta, in the north of the country, and Safaga, in the east.
"All these locations are suitable for this type of projects, which need major space for the storage of coal and the establishment of ports for coal imports," the minister told the Anadolu Agency via phone.
He said to be cost-effective, coal-powered electricity stations have to have a generation capacity of between 3,000 to 5,000 megawatts.
Meanwhile, Minister of Trade and Industry Mounir Fakhri Abdel-Nour said on Sunday that his ministry is taking measures to use coal in fuelling several factories, including cement plants.
"There is coordination with the Environment Ministry on the environmental specifications for the use of coal in powering factories," Abdel-Nour said.
He added that the use of coal in these factories would save around 450 million cubic meters of natural gas that can be used in powering new industrial ventures.
In a sign of frustration at the lack of broad support for reform, Sheremeta said on his Facebook page that he no longer wanted to "fight against yesterday's system".
McDonald's operates 438 restaurants in Russia and sees the country as one of its top seven major markets outside the United States and Canada
A tanker has docked at Es Sider and begun loading 600,000 barrels of oil, said Mohamed El Harari, spokesman for state-run National Oil Corp
The tanker loaded the Kurdish crude at the Turkish port of Ceyhan around Aug. 8, and made a partial delivery to Croatia via a ship-to-ship transfer last week.
Ethiopia, Africa's largest coffee grower, is set to continue talks with global buyers in hopes of branding and trademarking its world-renowned coffee and boosting national revenue.
Russia has banned the import of EU food products including fruit and vegetables from Poland, whose total food exports to Russia were worth around $1.5 bln last year.
Ukraine is prepared to compromise on the price until a lawsuit it has filed against Gazprom is resolved, minister Yuri Prodan said.
Finnish electricity specialist Hiekkala: 'Finland and Baltic countries have possibilities to replace the import from Russia by own capacity or Nordic import.'
The Bahraini-based Dar Group (Al-Shair and Partners) and its Egyptian subsidiary, Dar al-Handasah, were awarded the contract worth some $1.8 billion to draw up the master plan for Egypt's Suez Canal development project.
Citizens unable to pay their credit card bills can apply to Finance Ministry to have their debts expunged.
Greek Cypriot Farmers’ Union EKA general secretary Panicos Hambas said that the Russian sanctions on the Greek Cypriot export of citrus fruits could lead Turkish Cypriot farmers to export their own fruits to Russia via Turkey.
The closing off of a major export market threatens to hurt segments of the euro zone economy at a time when growth is pretty poor anyway.
Soaring Chinese demand for commodities like coal has underwritten Mongolia's rapid growth, with more than 90 percent of its exports sold to China.
Thailand avoided recession in the second quarter, the state planning agency said on Monday, but questions remain about the pace and depth of growth.
The new ban would not apply to foreign automakers' production inside Russia. Ford, Volkswagen , Ford Renault, Toyota and Hyundai Motor Co all have production facilities inside Russia.
Across Asia's low-cost garment manufacturing industry in particular, there have been more strikes as unions use a shortage of skilled workers to press for better pay and improved safety