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EBRD lends USD 40 mn to Angel Yeast to up local production
The European Bank for Reconstruction and Development (EBRD) is lending USD 40 mn to the Egyptian branch of China-based yeast…
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,…
Egypt approves USD 5.5 bn green ammonia plant
Ministers have awarded a golden license for a USD 5.5 bn green ammonia plant in Ain Sokhna, cabinet said in…
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…
Egypt’s renewable energy capacity is on track to grow 65% by 2027, says IEA
A new report brings promising news on renewables growth — here and across the MENA region: Egypt’s renewable energy capacity…
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,…
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