Baghdad, Oil prices rose more than three percent at settlement, Monday, to continue their gains for the fifth consecutive session amid increasing risks of supply disruptions.

Brent crude futures rose $2.64, or 3.3 percent, to $82.30 a barrel at settl…

Egypt is currently working to build 200,000-250,000 new hotel rooms as part of its target to attract 30 million tourists by 2028, Prime Minister Mostafa Madbouly said on Sunday during the cabinet’s meeting at its premises in New Alamein.

Madbouly add…

Egypt and the United Arab Emirates are looking to deepen their collaboration in the electricity and renewable energy sectors, officials from both countries said Tuesday.

During a meeting in the New Administrative Capital, Mahmoud Essmat, Egypt’s Mini…

Eroglu Garment, a subsidiary of the Turkish Eroglu Global Holding Group, has announced the establishment of a new ready-made garment factory in the Qantara West industrial zone of the Suez Canal Economic Zone (SCZone), marking a significant investment…

State Minister for Military Production Mohamed Salah el-din had a meeting on Tuesday 8/8/2024 with Water Resources and Irrigation Minister Hani Sweilem to discuss progress made so far to implement a number of water resources management projects.

Duri…

Haier Egypt, a subsidiary of Chinese home appliance giant Haier,, is seeking a $50 million investment to expand its production and increase exports, the company’s Egypt director, Ahmed El-Gendy, said on Monday.

El-Gendy made his remarks during a meet…

Petroleum and Mineral Resources Minister Karim Badawi ordered the formation of an advisory committee to increase the oilfield production and manage petroleum reservoirs.

The minister’s decision aims at achieving sustainability, improving efficiency a…