Egypt OIL: BP confirms gas discovery at Fayoum-5 well
BP has discovered a gas-bearing reservoir at the Fayoum-5 exploration well in the North Alexandria area, west of…
China’s PBC issues 104.5b yuan off reverse repo
The People’s Bank of China (PBC) announced on Thursday a 7-day 104.5-billion-yuan reverse repo at an interest rate…
Egypt to build $660m liquid, gas bulk terminal at Dekheila Port
The General Authority for Alexandria Port and the Alexandria Supply Chain Company (ASCC) signed an initial $660…
Egypt’s FX revenues, expenditure balance over 2 weeks
Prime Minister Mostafa Madbouly has announced that Egypt’s economic indicators are improving. He noted that foreign…
EGP shows volatility against USD in early Thursday trade
The Egyptian pound (EGP) saw movements against the US dollar (USD) in early trading on Thursday, March 6, 2025.
Gold prices edge lower amid tariff uncertainty, Fed speculation
Gold prices fell slightly on Wednesday due to uncertainty over US President Donald Trump's tariffs and anticipation…
EGSA, Tanmia Petroleum sign MoU to enhance monitoring in petroleum sector
The Egyptian Space Agency (EGSA) and Tanmia Petroleum Company signed a Memorandum of Understanding (MoU) on…
Egypt’s PM, Spain’s Senate President seek deeper diplomatic ties
Egypt’s Prime Minister Moustafa Madbouly held a high-level meeting on Wednesday with Spain’s Senate President,…
Egypt prioritises human development in 2025/’26 budget
Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat met on Wednesday…
Egypt, UN-Habitat explore joint green initiatives
Egypt’s Minister of Environment, Yasmine Fouad, held talks on Wednesday with the Country Director for UN-Habitat…