Hutchison Ports, a global port operator, has revealed $700 million investments in two major projects in Egypt – Ain Sokhna Port and B100, a new container terminal in the Port of Alexandria. Image credit Hutchinson […]
Oil and gas company Energean has achieved the first gas from a well located offshore Egypt while the remaining wells are expected to come online later this year. This brings the firm closer to achieving its 200 […]
McDermott and Eunice Energy Group have signed a memorandum of understanding (MoU) to cooperate on a 2 GW electrical interconnector between Greece and Egypt. Eunice Energy Group is leading the transnational consortium between Greece and […]
A treasure trove of Egyptian beliefs on the afterlife has been unearthed following the examination of a ‘golden boy’ initially recovered from a cemetery used between 332 and 30 BCE in Nag el-Hassay, southern Egypt. […]
Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister. “There are no issues with discussing how we settle our trade arrangements, whether it […]
Cairo, Egypt – The Egyptian economy is struggling. The national currency has lost nearly half its value in less than a year, reaching a historic low of 32 Egyptian pounds to the dollar last week, […]
Italian oil major Eni has made a significant new gas discovery at the Nargis-1 exploration well located in the Nargis Offshore Area Concession, in the Eastern Mediterranean Sea, offshore Egypt. The Nargis-1 well has encountered […]
Eni has announced a significant new gas discovery at the Nargis-1 exploration well located in Nargis Offshore Area Concession, in the Eastern Mediterranean Sea, offshore Egypt. The Nargis-1 well has encountered approx. 200 net feet (61 m) of Miocene […]
The International Monetary Fund has approved a deal that will provide a $3bn support package to cash-strapped Egypt over almost four years, with the agreement expected to draw in an additional $14bn in financing for […]
The New Development Bank (NDB) of the BRICS group of major emerging economies has welcomed Egypt to the Brics alliance, according to an announcement by the Egyptian government Wednesday. Established in 2014, the New Development […]
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