Oil prices edge higher on Monday
Oil prices edged higher on Monday, supported by concerns over potential supply disruptions linked to escalating…
Browsing Tag
Russia-Ukraine war
Oil prices fall on Monday
Oil prices fell on Monday, wiping out last week’s gains, after Russia resumed crude loadings at the Novorossiysk…
Egypt hails US-Russia talks on Ukraine, urges swift Gaza ceasefire
Egypt welcomed fresh international efforts to end the war in Ukraine, including the US-Russia summit in Alaska on…
EU to end Russian gas imports by 2027 under new legal plan
The European Commission is preparing to propose a legal ban on Russian gas and liquefied natural gas (LNG) imports…
Egypt supports diplomatic efforts to end Russia-Ukraine war
Egypt closely followed the Saudi-hosted talks on ending the Russia-Ukraine war. For decades, it has called for…
Egypt considers subsidy reform to address rising costs
Egypt's Prime Minister plans to revamp the subsidy system by re-evaluating bread, electricity, and fuel prices in…
Alshaya Group reduces operations in Egyptian market
Kuwait’s Alshaya Group will reduce its operations in Egypt amid the ongoing economic situation, the group said in…
Norway oil firms plan 3-year push for Arctic gas
Norway’s oil companies are planning a three-year ramp up in natural gas exploration in the Barents Sea, Reuters…
Meta, Google, Tiktok debts removed from Russian database
Alphabet’s Google and YouTube, along with Meta, TikTok, and Telegram are no longer registered as debtors in the…
UNHCR needs $400mln by end of December
United Nations High Commissioner for Refugees (UNHCR) said on Tuesday that it needs $400 million by the end of…
US skips Congress review, approves sale of tank shells to Israel
The US approved on Saturday a sale of more than $100 million in tank ammunition to Israel in a move that bypasses…
1 month timeline of attacks on Gaza
The Israeli vicious bombardment of the Gaza strip has been going on for a month now with no end in sight.
EU to raise gas imports from Nigeria until 2027
The European Union plans to increase its gas imports from Nigeria to compensate for the gas supply deficit due to…
Israel uses banned white-phosphorus bomb on civilians in Palestine
Israeli strikes on Gaza continue, with a video showing use of white phosphorus bombs on densely populated areas in…
OPEC Fund offers $10mln to support food security in Egypt
The OPEC Fund for International Development offered $10 million to support food security in Egypt on Tuesday.
Egypt’s reserves of wheat sufficient for 5 months – cabinet
Egypt's strategic reserves of wheat are sufficient for five months of local consumption, said the government in a…
Egypt’s GASC buys 235,000 tons of Russian wheat
Egypt's state grains buyer, General Authority for Supply Commodities (GASC) announced on Tuesday it purchased…
Sisi hopes African initiative will settle Russian-Ukrainian conflict
President Abdel Fattah al-Sisi said on Monday he hopes the African initiative will help settle the…
EU, France give Egypt $66 mln to upgrade grain silos
A European Union (EU) delegation in Cairo said that the EU and France gave Egypt $66 million to upgrade its grain…
Sisi: Africa needs $200 bln annually for sustainable development
President Abdel Fattah al-Sisi said on Tuesday that Africa needs $200 billion to annually to reach sustainable…
India’s Russian oil imports jumped tenfold
Indian Bank of Baroda stated Thursday India's imports of Russian oil surged tenfold in 2022, reaching around 20…
Fitch’s downgrade comes amid severe pressure on Egypt’s economy
Egypt’s Minister of Finance, Mohamed Maait has commented on Fitch’s decision to downgrade Egypt from B+ to B,…
Russia revives Rostic’s amid KFC exit
Former KFC restaurants in Russia will reopen as Rostic’s on Tuesday to revive the Russian brand born after the…
Poland to receive $4 bln nuclear energy fund
Polish energy company Orlen signed an agreement on Monday to develop nuclear power reactors in Poland to generate…
Spain leads off European hydrogen production race
Spain is trying to address challenges to be the pioneer in providing hydrogen for sectors requiring hydrogen for…
French bakeries under threat over energy bills hike
French bakeries are fighting to survive the ongoing inflation in electricity and fuels prices, with a huge threat…
EU reaches deal to raise renewable energy target
European Union (EU) has reached a preliminary agreement on Thursday to boost the dependence on renewable energy…
Gazprom close to maximum gas supply for China
Russian Gazprom company's chairman, Viktor Zubkov said on Wednesday his firm expects to reach the maximum planned…
IMF agrees on $15.6bln loan package to Ukraine
International Monetary Fund (IMF) have announced Tuesday in a statement it agreed on a $15.6 billion loan package…
Coca production reaches record levels: UNODC reports
The Global Report on Cocaine 2023 published by UN Office on Drugs and Crime (UNODC) revealed that “global supply of…
Former Shell CEO pay up 50%
Shell oil industry company announced on Thursday the financial remuneration of Ben van Beurden, the outgoing CEO,…
UN asks rich economies to provide $500bln annually for poor nations
António Guterres, UN Secretary General, condemned on Saturday the rich countries' way of controlling poor countries…
Russian billionaires lose $67 bln of wealth amidst Ukraine war
The combined net worth of 23 Russian billionaires among the richest 500 people in the world list declined by $67…
Putin says war was for Russia’s survival
In a state television interview on Sunday, the Russian president Vladimir Putin presented war as an inevitable…
Exiting Russia, Wintershall Dea now wants to grow production elsewhere
German oil and gas producer Wintershall Dea, fresh from quitting its long-term partnership with Russia, said on…
Ukraine war impacts Greek fur industry
One year after Europe imposed sanctions on Russia as a counterattack to the Russian invasion of Ukraine, the grand…
Egypt’s NBE, Banque Misr deactivate 25% yield certificates
Egypt's two biggest state banks, the National Bank of Egypt (NBE) and Banque Misr have announced on Tuesday the…
Egypt released imports worth $1.2 billion last week – PM
Egypt has released shipments of about $1.2 billion from 24 to 30 December, as part to resolve the imports backlog…