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THIS EVENING: El Moselhy sets up task force to impose fair price for commodities + We’re about to settle in for our last World Cup match until 2026
Good afternoon, ladies and gents, and welcome to the start of a new week — and World Cup Final Day.…
El Molla confirms large East Med gas find
Oil Minister Tarek El Molla confirmed that a large gas discovery has been made in the Narges block in the…
Don’t expect oil prices to stay lower for long
Crude prices could rise once more in 2023 on the back of sanctions on Russian crude and higher global demand,…
Defining our maritime borders in the Mediterranean
President Abdel El Sisi issued a decree demarcating Egypt’s western maritime border in the Mediterranean. “Egypt’s territorial borders begin from…
In its search for FX, Egypt is burning more mazut
Egypt’s use of mazut fuel oil in power stations has soared to a five-year high as the country works to…
Americana shares rise following dual-listing in Saudi + Abu Dhabi
Americana shares climb in its dual debut: Americana Group, the operator of KFC and Pizza Hut in the Middle East,…
Gold could be coming to the EMX in 1Q 2023
Gold could be listed on the newly-launched Egyptian MercantileExchange (EMX) in 1Q 2023, Nagy Farag, an advisor to the Supply…
Chimera completes acquisition of MNT stake from GB Auto
CONSTRUCTION- Egypt-based Engineering Consultants Group (ECG) was awarded a contract to design a multi-purpose hall for Saudi mega city Neom,…
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