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Oil Ministry is in talks with UGS to reduce Egypt’s USD 2 bn settlement payment over Damietta gas supply interruptions
The Oil Ministry is in talks with Spanish-Italian JV Union Fenosa Gas (UGS) to reduce a USD 2 bn settlement…
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Israel may struggle to deliver gas to Egypt in contracted volume
Israel may struggle to deliver gas to Egypt in contracted volume. Israel’s domestic pipeline network reportedly does not have the…
OC adds USD 520 mn in new awards to its 3Q2018 backlog, with 60% coming from Egypt
Orascom Construction (OC) added USD 520 mn in new awards to its 3Q2018 backlog, the company said in a statement…
Matouk Bassiouny expands to the UAE
Matouk Bassiouny expands to the UAE: Law firm Matouk Bassiouny has officially opened up shop in Dubaiunder the banner Matouk,…
HC launches PE firm in Egypt
HC launches private equity arm: HC Securities & Investment launched on Monday a private equity arm that will invest in…
Egypt’s Beltone cancels upcoming EGP 1 bn capital increase
Beltone puts capital increase on ice amid fallout from suspension of investment banking arm: Beltone Financial Holding has said it…
PMI shows Egypt non-oil business activity is basically flat in October
Purchasing managers’ index basically unchanged in October: Private sector business conditions were largely unchanged in October, according to the Markit…
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