Browsing Category
Industry & Trade
OPEC cuts oil demand outlook for 2020 as coronavirus outbreak suffocates China
OPEC has on Wednesday dramatically cut its forecast for oil demand growth for 2020, citing China’s coronavirus…
BP unveils plans to have net-zero emissions by 2050
UK Oil and gas major BP announced on Wednesday it was planning to become “a net zero company by 2050 or sooner,”
UAE’s Dana Gas says received some bids for its Egyptian assets
UAE-based Dana Gas announced on Wednesday it had received bids from a number of companies seeking to buy its assets…
Oilfield service giant Schlumberger introduces Egypt Upstream Gateway project
U.S. oilfield services giant Schlumberger and the Egyptian Ministry of Petroleum introduced on Tuesday the Egypt…
Egypt cuts energy subsidy spending in H2-2019
Egypt has cut its spending on energy subsidies to 9.88 billion Egyptian pounds ($631 million) during the second…
Egypt signs oil and gas deal with Germany’s Wintershall Dea
Egyptian Oil Minister Tarek el-Molla has signed on Monday a new oil and gas exploration and production deal worth…
Egypt pumps EGP 7.3bn investments in Qena, Sohag
The Egyptian government has injected investments worth 7.3 billion billion pounds into projects in Qena and Sohag…
Egypt signs 34 agreements to pay arrears
Egypt’s finance and trade ministries have signed 34 agreements to settle arrears payable to exporters among export…
Egypt’s inflation rate hits 9.2 % in 2019
Egypt's average inflation rate record 9.2 percent in 2019 compared to 14.4 percent in 2018, the Cabinet's media…
WEF’s Harbeen Arora keynote speaker at Amwal Al Ghad Award Ceremony
Egypt’s top annual economic event, Amwal Al Ghad Award Ceremony has announced its 2020 keynote speaker, Dr. Harbeen…