Oil prices rose on Monday, affected by increasing concerns about a possible disruption in supply from the Middle East region, after Israel intensified its attacks.

By dawn today, Brent crude futures for November delivery rose 16 cents, or 0.22%, to $…

Prime Minister Mostafa Madbouly held a meeting on Monday 30/9/2024 to discuss efforts to ensure a consistent supply of petroleum products for power plants.

Attending the meeting were Minister of Electricity and Renewable Energy Mahmoud Essmat, Minist…

John Cockerill, a global company, is set to enter into a partnership with Scatec and other companies to implement a green ammonia production plant in Damietta, Egypt, with an investment exceeding $900 million.

During a meeting with Egypt’s Petroleum …

The Central Bank of Egypt (CBE) will launch an investment guarantee agency for Africa tomorrow, Tuesday 1/10/2024, with a capital of $50m, the Deputy Minister of Foreign Affairs and Emigration, Ambassador Abu Bakr Hefny, said. The agency will be the f…

The Egyptian programme for paying dues to foreign partners in petroleum sector is on track, with regular payments set to continue from October, Minister of Petroleum and Mineral Resources Karim Badawy affirmed on Monday 30/9/2024.

Badawy further high…

Industrial Development and Minister of Industry and Transport, Kamel El-Wazir, announced on Monday 30/9/2024 that centralised distribution of mazut to building materials factories shall start on October 1st.

The Ministerial Group for Industrial Devel…

Acting Director General of the Central Agency for Information Technology (CAIT) Najat Ibrahim affirmed on Sunday the importance of exchanging experience in fields of information technology (IT) between the GCC countries.

This came in a statement by …