German inflation to dip below ECB target – Ifo
German companies experienced a decline in price expectations in March, hitting a three-year low, according to the…
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Energy Crisis
Aramco’s CEO urges for proactive action to prevent serious energy crisis
Aramco CEO and President, Amin Nasser called for serious action to be taken to face the escalating energy crisis.…
Aramco: Europe’s energy crisis plans are only a short-run solution
The head of Saudi state oil giant Aramco stated on Tuesday Europe’s plans to cap energy bills for consumers and tax…
Germany to keep two nuclear plants available, burn coal as backup to face energy crisis
Lawmakers in Germany announced on Monday that they are going to burn coal and keep two nuclear power plants…
Erdogan blames Europe’s energy crisis on Russia sanctions
Turkish President Recep Tayyip Erdogan on Tuesday blamed Europe's energy crisis on the sanctions it imposed on…
Energy crisis in Egypt’s factories will end in November; says investment minister
Egyptian factories will no longer face an energy crisis starting November, allowing halted plants to resume…
Egypt may release 12 new Licences for Cement Production Soon – Official
Egypt studies granting around 12 new licenses for cement production within the coming three months, the Industrial…
Solb Misr loses $78.6 million in 2014 amid Egypt Energy Crisis
Egyptian steel group Solb Misr recorded EGP 600 million (US$78.6 million) worth of losses for 2014 driven by the…
Egypt to overcome Energy Crisis in 5 Years – Minister
The Egyptian government seeks to overcome the country’s energy crisis within 5 years, oil minister Sherif Ismail…
BREAKING: Egypt signs Deal to import LNG from Algeria
Egypt has signed today a deal to import a liquified natural gas (LNG) from Algeria, as the country seeks to ease a…
