Energy Egypt reviews fuel supply plan for summer Aya Anwar May 13, 2025 0 Egypt's Prime Minister Mostafa Madbouly chaired a high-level meeting to review the plan for securing petroleum…
Featured Egypt-Greece trade reaches $1.5b in 11 months – CAPMAS Aya Anwar Jan 8, 2025 0 Egypt's trade exchange with Greece reached $1.5 billion in the first 11 months of 2024, a slight decline from $1.8…
Featured Türkiye to balance tax hikes with inflation goals – FinMin Aya El Sayed Dec 30, 2024 0 Türkiye will adjust tax increases on fuel and tobacco in 2025 without jeopardising inflation forecasts, Treasury…
Featured Syria’s FX reserves plunge to critical levels Aya Anwar Dec 17, 2024 0 Syria's foreign currency reserves have fallen to very low levels, with the central bank's dollar reserves estimated…
International News India plans to establish coal exchange Nada Ali Oct 21, 2024 0 India's coal minister announced plans to establish a coal exchange aimed at stabilising prices and improving the…
Featured US tops global gasoline exports in ’23 Aya Anwar Sep 25, 2024 0 The United States is the world’s largest exporter of motor gasoline, supplying over 16 per cent of total global…
Energy UK gas network set to support hydrogen fuel use Aya El Sayed Jul 24, 2024 0 Britain's national gas network is now ready to accommodate hydrogen as a fuel for powering homes and industries,…
Featured US’s Yellen warns against Israeli financial moves in Palestine Aya Anwar May 23, 2024 0 US Treasury Secretary Janet Yellen criticised Israel for its intention to withhold revenues collected on behalf of…
Industry & Trade China’s capital goods prices rise in mid-April Nada Ali Apr 24, 2024 0 China's capital goods prices edged higher in mid-April compared to the beginning of the month.
Featured China aviation fuel demand to jump 13% – CNPC Aya El Sayed Feb 28, 2024 0 China’s aviation fuel consumption is likely to grow by 13.1per cent this year due to an increase in passenger…
Tech/AI Egypt signs $1.5 bln wind power accord Aya Anwar Jan 10, 2024 0 Egypt signed a $1.5 billion agreement with Saudi Arabia’s led ACWA Power consortium 2082.SE for a wind energy…
Featured Houthi attacks in Red Sea rise 500% sparking global shipping crisis Sama Mousa Jan 4, 2024 0 The Houthi attacks in the Red Sea soared by 500 per cent since the outbreak of the war on Gaza, leading to a major…
Featured Companies in KSA warn Aramco fuel price hike to curb earnings Sama Mousa Jan 4, 2024 0 A number of Saudi Arabian companies issued a warning on late Wednesday and Thursday that the fuel price hike by…
Industry & Trade Egypt’s fuel imports fall 11.4% in September Nada Ali Dec 18, 2023 0 Egypt’s petroleum imports decreased 11.4 percent to $1.06 billion in September from $1.2 billion in August, the…
International News Gaza receives only 9% of the aid needed – UNRWA Aya El Sayed Nov 16, 2023 0 Gaza has only received nine percent of the relief needed for the ongoing crisis, according to Tom White, director…
Featured Al Shifa Hospital in Gaza will become mass grave if fuel runs out – UK doctor Nada Ali Oct 24, 2023 0 Hassan Abu-Sita, British-Palestinian doctor working at Al-Shifa Hospital in the Gaza Strip told CNN on Tuesday that…
News Lights go out at Indonesian Hospital in Gaza after Israel cuts fuel Nada Ali Oct 24, 2023 0 The Indonesian hospital in Gaza Strip lost power at dawn on Tuesday after it ran out of fuel completely, sparking…
Industry & Trade France plans to sell fuel below cost to combat inflation Nada Ali Sep 18, 2023 0 The French government intends to temporarily waive a ban on merchants selling fuel below cost, in an effort to…
News Egypt’s fuel subsidies drop 2% YoY in FY2022/23 Sama Mousa Jul 25, 2023 0 Egypt's Petroleum subsidies fell by two percent year on year (YoY) to reach 58 billion Egyptian pounds during the…
News UN asks rich economies to provide $500bln annually for poor nations Sama Mousa Mar 5, 2023 0 António Guterres, UN Secretary General, condemned on Saturday the rich countries' way of controlling poor countries…
News UAE’s ADNOC obtains $425m in H1 profits fueled by higher fuel demand Nada Ali Aug 9, 2022 0 UAE’s ADNOC Distribution announced on Monday its net profit 1.56 billion dirhams ($425 million) for the first half…
Industry & Trade Egyptian railways to replace fuel with hydrogen Nada Ali Jun 28, 2022 0 Egypt welcomed on Saturday the vice president of the Africa, Middle East & Central Asia (AMECA) region of…
Industry & Trade Egypt hikes fuel prices to curb global inflation pressures Esraa Ibrahim Apr 18, 2022 0 Egypt hiked fuel prices by about three percent as global inflationary pressures spike in the wake of Russia's war…
Tech/AI U.S. oil producers eye shutting down operations as coronavirus dry up need for fuel Amwal Al Ghad English Apr 26, 2020 0 Oil producers in the U.S. are making painful decisions about how to close their operations after the coronavirus…
MENA News Sudan to increase price of some petrol mid-February: source Amwal Al Ghad English Feb 13, 2020 0 Sudan will increase the price of fuel sold commercially at some petrol stations to 28 Sudanese pounds (55 U.S.…
Featured Egypt plans fuel self-sufficiency in FY2021/22 Mahmoud Shaaban Dec 21, 2019 0 Egypt aims to be self-sufficient in fuel and petroleum products within the financial year 20221/2022, senior…
Featured Egypt’s fuel automatic pricing committee Oks fixed fuel prices Amwal Al Ghad English Oct 2, 2019 0 Egypt's Fuel Automatic Pricing Committee endorsed on Tuesday keeping current fuel prices fixed until the end of the…
Featured Egypt’s fuel exports rise to $667 million in June Mahmoud Shaaban Sep 18, 2019 0 Egypt’s fuel exports increased to around $667 million in June from $548 million during the same month last year,…
News Iran capture another tanker in the Gulf allegedly for smuggling fuel Amwal Al Ghad English Aug 4, 2019 0 Iran has seized another foreign tanker in the Gulf, Iranian state media say, the Revolutionary Guard Corps' naval…
Editors' Picks Egypt fuel demand falls 5% a month after price hike Mahmoud Shaaban Jul 31, 2019 0 Fuel consumption rates in Egypt fell 5 percent in July, one month after cutting fuel subsidies under an IMF-backed…
Featured Egypt to apply fuel price indexation on 95 octane gasoline starting April Amwal Al Ghad English Jan 8, 2019 0 Egypt's Ministry of Petroleum said a new automatic price indexation mechanism on fuel - set to start in April -…
forex news Oil prices slip on Iran sanction exemptions, economic concerns Amwal Al Ghad English Nov 6, 2018 0 Oil prices slipped on Tuesday, weighed down by exemptions from Washington that will allow Iran's biggest oil…
forex news Oil prices fall as US grants Iran sanction waivers to 8 importers Amwal Al Ghad English Nov 5, 2018 0 Oil prices fell on Monday as the start to U.S. sanctions against Iran's fuel exports was softened by waivers that…
forex news Dow rises over 500 points, posts best day since March as earnings fuel rally Amwal Al Ghad English Oct 17, 2018 0 U.S. stocks rose sharply on Tuesday after the release of strong quarterly results from some of the largest U.S.…
forex news Oil edges higher amid looming Iran sanctions, rising global supply Amwal Al Ghad English Aug 29, 2018 0 Oil markets were stable on Wednesday, buoyed by falling supplies from Iran ahead of U.S. sanctions but held in…
forex news Oil slips as trade tensions drag; Iran sanctions provide some support Amwal Al Ghad English Aug 13, 2018 0 Oil prices dipped on Tuesday as rising trade tensions dented the outlook for fuel demand growth especially in Asia,…
Featured Egypt’s Russia import bill up 28.9% in four months Sanaa Allam Jul 15, 2018 0 Egypt’s imports from Russia rose 28.9 percent to nearly $1.638 billion in the first four months of the year,…
International News UK studying first fuel tax increase in eight years Amwal Al Ghad English Jul 4, 2018 0 The U.K. is considering the first rise in vehicle fuel duties in eight years, aiming to help fund higher spending…
Financial Institutions Moody’s says Egypt fuel price hike is ‘credit positive’ Amwal Al Ghad English Jun 23, 2018 0 Moody's Investors Service says in a recent report that Egypt’s fuel price hike is credit positive, as the increase…
Featured Egypt plans to remove fuel subsidies in 2019: Oil Minister Ahmed Fayez Jun 20, 2018 0 Egypt plans to remove fuel subsidies next year, Oil Minister Tarek el-Molla said on Wednesday.