Egypt will invest EGP 12 billion in establishing its first green industrial complex in the industrial zone of New Alamein, according to Chairman and CEO of Integrated Environmental Technologies and Oil Services (IETOS) Hazem Gaber.

Gaber made his sta…

President Abdel-Fattah El-Sisi has approved a 250 million euros loan deal with the Asian Infrastructure Investment Bank (AIIB) to modernize the Abu Qir railway line in Alexandria into an electric metro system.

The government approved the 250 million …

The Kuwait-based Warba Bank announced Friday the successful listing of USD 500 million sustainable sukuk on the London Stock Exchange, as part of the Bank’s USD two billion sukuk issuance program.

“We are proud to announce this successful listing of…

France inflation rate decreased to 1.9 percent in August on a yearly basis compared with 2.3 percent last month, official data showed on Friday.

The drop is because of the slow in energy and electricity prices, French National Institute of Statistic…

Deputy Prime Minister for Energy Affairs, Minister of Oil Hayan Abdul-Ghani chaired today, Wednesday, the meeting of the Ministerial Council for Energy in its seventh regular session for the year 2024.

According to a statement by the Ministry of Oil…

Deputy Prime Minister for Energy Affairs, Minister of Oil Hayan Abdul-Ghani Al-Sawad met today with the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al-Ghais.

During the meeting, they discussed enhancing …

Basra Heavy and Medium crude prices rose today, Wednesday, as oil prices rose in global markets.

Basra Heavy crude prices rose $1.4 to $75.61, while Basra Medium crude prices rose $1.4 to $78.61.

Oil prices rose, after a sharp decline in the previo…