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 […]
November 29, 2022 Data source: U.S. Energy Information Administration, International Energy Statistics Natural gas has played an increasingly important role in both Egypt’s and Israel’s economies over the past 20 years, and both consumption and […]
Countries struggled to reach an agreement at the COP27 climate talks in Egypt, with some threatening to walk away if negotiators failed to make progress on fighting climate change. With the talks already in overtime, […]
The government has brought forward a goal of producing 42 per cent of its power generation from renewables to 2030 from 2035, but missed a target of 20 per cent for this year. SHARM EL-SHEIKH: COP27 […]
Essay by Eric Worrall Who could have guessed that a dictator accused of routine mass violation of human rights would allegedly spy on delegates and interfere with human rights events? ‘Imprecise, inaccurate, ludicrous’: Egypt […]
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