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Oil Ministry projects won’t freeze FX spending -El Molla
ENERGY- Oil Ministry projects are excluded from the government’s decision to ration FX spending, Minister Tarek El Molla told CNBC…
Apex acquires shares in six oil concessions from Eni
Egypt-focused oil and gas firm Apex International Energy will acquire shares in six producing oil concessions in the Western Desert…
Italy proposes a USD 2.8 bn electrical interconnection project with Egypt
Is an Egypt-Italy electricity interconnection project coming? Italy has reportedly submitted a proposal to the Egyptian Electricity Transmission Company to…
Time for asset managers to tighten their belts + Junk is getting thrown out
Asset managers are getting stung by the market downturn: Global asset managers are preparing to make cutbacks in 2023 following…
House signs off on green hydrogen, infrastructure, oil exploration bills
MPs greenlight port development, oil exploration + green hydrogen bills: MPs signed off on several bills yesterday, including legislation paving…
Egypt set to hedge against rising oil prices
The Madbouly government agreed in December to purchase hedging contracts to guard against volatility in the oil markets, Bloomberg Asharq…
2022 was the worst year for stocks and bonds since the financial crash
2022 wiped more than USD 30 tn in value from global stocks and bonds as soaring inflation, rising borrowing costs,…
THIS MORNING: Welcome to 2023, folks
Good morning, wonderful people — and a very warm welcome to a brand new year. We’re kicking off 2023 with…
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