Business

Oil prices fall as supply concerns ease

Oil prices fell on Tuesday after concerns about supply disruptions in the Middle East eased.

Brent crude prices fell 12 cents, or $2.02, or 0.15%, to $77.54. US West Texas Intermediate (WTI) crude futures for the nearest month, which expire on Tuesda…

Egypt’s govt. committed to support automotive industry

The Egyptian Minister of Industry, Kamel El Wazir, reaffirmed the government’s commitment to supporting the growth of the automotive industry in Egypt, emphasising the significance of backing global automotive companies as they expand within the Egypt…

Egypt govt. pledges financial boost for petroleum sector

Egypt’s Finance Minister Ahmed Kouchouk has outlined a comprehensive plan to bolster the petroleum sector with essential financial resources.

The strategy, unveiled during a recent meeting chaired by Prime Minister Moustafa Madbouly on Tuesday, aims …

Petroleum Minister Backs Petronas and Shell’s Joint Efforts

Minister of Petroleum and Mineral Resources Karim Badawi has met with Hany Esmat, the CEO and Country Head of Operations at Petronas Egypt, where they discussed the joint projects and investment for developing natural gas production through the two pr…

Egypt, EU to implement pound 8M program to support industry

The Egyptian government has entered into an pound 8 million agreement with the European Union (EU) under the EU Tigara program, aimed at bolstering trade, industry, growth, and swift market access.

This initiative, as per the Ministry of Planning and…