Kenya announces $2bln bond-buyback programme
Kenya announces that it would be selling new securities and making an offer to buy back its $2 billion in debt.
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Energy
Sameh Sabry to lead Wintershall Dea’s new business unit in MENA
German oil and gas producer Wintershall Dea said on Thursday its activities in Algeria, Egypt, Libya, and the UAE…
Cyprus’ Aphrodite gas field; strategic asset for resilient ties with Egypt
Cyprus and Egypt enjoy strong bilateral relations and all-round cooperation in various fields, particularly energy.…
Shell begins layoffs to boost performance
Shell Plc. has started laying off hundreds of employees with some in its low-carbon solutions unit among the first…
Swiss, Thai groups seal 1st carbon offset deal
Energy Absolute, a Thai electric bus operator, announced on Monday the sale of its first carbon offsets to KliK…
Germany’s CO2 drop in 2023, lowest in 70 years
Germany’s carbon dioxide emissions in 2023 reached their lowest point since the 1950s due to a decrease in…
GUPCO starts production at North Safa oil field in Suez Gulf
The Gulf of Suez Petroleum Company (GUPCO) has started oil production from the first well at Safa North Petroleum…
Egypt to boost cooperation with U.S. on green hydrogen
Tarek El Molla, the Egyptian Minister of Petroleum and Mineral Resources, met with Hero Mostafa Garg, the newly…
IEA targets renewable energy costs in developing countries
The Executive Director of the International Energy Agency (IEA), Fatih Birol, announced on Friday at an energy…
S&P raises OPEC Fund rating after signing new $600mln financing
S&P Global Ratings, an international ratings agency, raised the long-term issuer credit rating of the OPEC Fund…
