{"id":566754,"date":"2021-07-12T13:52:15","date_gmt":"2021-07-12T13:52:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/"},"modified":"2021-07-12T13:52:15","modified_gmt":"2021-07-12T13:52:15","slug":"tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/","title":{"rendered":"TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019."},"content":{"rendered":"<p><strong>The pre-Eid news slowdown appears to be in full effect<\/strong>, with not one major theme in business happening today. For those who have not set an internal countdown, Monday, 19 July is the Wa\u2019fa.<\/p>\n<p><strong>THE BIG STORY TODAY- The Oil Ministry signed four gold exploration contracts worth USD 17 mn <\/strong>with Canada\u2019s B2Gold and Australian gold miner and Sukkari operator Centamin. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b4b02179-1c17-415e-b6d9-a068f10231bd\">local press<\/a> had reported yesterday that Canada\u2019s Barrick Gold was also expected to sign an agreement today, but that does not appear to have taken place. We breakdown who gets what in the Speed Round below.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>HAPPENING NOW- The House of Representatives have given their sign off on a number of political and administrative pieces of legislation today<\/strong> as it trudges ahead before its summer recess. There is an expectation that they will sign off on the long awaited <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/307bebcd-a423-4957-9b6c-d13514a498e4\">Water Resources Act<\/a> today. We\u2019ll be keeping an eye on it and will have the full rundown in tomorrow\u2019s <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>** CATCH UP QUICK <\/strong>on the top stories from today\u2019s<strong> EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>More than 2.25 mn vaccines <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5cd6ac94-a5e1-4ce0-acfe-09a1e3023036\">will be delivered<\/a><\/strong><strong> to Egypt this week<\/strong>, among them Pfizer, AstraZeneca, and Johnson & Johnson jabs.<\/li>\n<li><strong>Egypt\u2019s external debt <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c81a9696-04f4-415e-ae44-2e8b41f4c7ce\">jumped by 21%<\/a><\/strong><strong> in 3Q2020-2021 to USD 134.8 bn<\/strong>, compared to USD 111.3 bn in the same period in the previous fiscal year, according to the CBE.<\/li>\n<li><strong>Suez Canal revenues <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/250b9c8c-69b0-4e87-9d24-de0fd4ab8a7c\">hit a record USD 5.84 bn<\/a><\/strong><strong> in FY2020-2021<\/strong>, despite the Ever Given debacle that took place earlier this year.<\/li>\n<\/ul>\n<p><strong>When will we know the price of fuel at the pump for 3Q2021? <\/strong>The government\u2019s fuel pricing committee, which will set prices for domestic fuel for the current quarter, was supposed to have concluded their meetings last Saturday. A decision may not be announced until the beginning of August, government officials reportedly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c96030e0-a4d2-4c6b-8619-8fa4ad9192da\">told the local press<\/a>. The meeting comes as OPEC+ has failed to reach a supply agreement, which is meant to help keep global inflation under wraps.<\/p>\n<p><strong>Globally, oil prices appear to have slipped last Friday<\/strong>, with futures ending the day at USD 74\/bbl. Analysts speaking to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-11\/oil-extends-gains-with-investors-betting-on-accelerating-demand?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> suggest that weaker demand from China and the Delta variant threatening recovery in Europe as the likely reason.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><strong>- Two former Jordanian officials have been sentenced to <\/strong><strong>15 years in prison on sedition and incitement charges<\/strong> after an alleged coup against Jordan\u2019s King Abdullah II that took place <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43c355ae-735a-4218-bcf9-140aae988145\">in April<\/a>. Bassem Awadallah, who served as a top aide to the monarch, and Sharif Hassan bin Zaid, a member of the royal family, are being accused of conspiring with Prince Hamzah, the king\u2019s half-brother. The two men have denied the charges and are planning to appeal. Covering the story are <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/jordan-court-sentences-ex-royal-court-chief-15-years-alleged-plot-destabilise-2021-07-12\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-12\/jordanian-court-to-announce-verdict-in-alleged-royal-plot?utm_source=google&utm_medium=bd&cmpId=google\">Bloomberg<\/a> | <a href=\"https:\/\/apnews.com\/article\/joe-biden-middle-east-entertainment-royalty-jordan-845d6c3c708331f52de48bafbedc19d6\">The Associated Press<\/a> | <a href=\"https:\/\/www.dw.com\/en\/jordan-court-convicts-2-men-over-coup-plot-against-king-abdullah-ii\/a-58235923\">Deutsche Welle<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>You have three more days to visit the Cairo International Book Fair <\/strong>at the Egypt International Exhibition Center. The event will run through 15 July and the fair\u2019s committee has <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2373698\">now allowed<\/a> the exhibition ground to operate at 70% capacity.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.cebcmena.com\/\">Clean Energy Business Council<\/a><\/strong><strong>\u2019s webinar <\/strong><strong><a href=\"https:\/\/www.eventbrite.ca\/e\/joint-event-wire-clean-energy-business-council-mena-tickets-157709897549\">Women Entrepreneurs in Canada and the<\/a><\/strong><strong><a href=\"https:\/\/www.eventbrite.ca\/e\/joint-event-wire-clean-energy-business-council-mena-tickets-157709897549\">Middle East<\/a><\/strong><strong> is taking place on 21 July at 3pm<\/strong>, showcasing female entrepreneurs working in climate tech in the two regions, and highlighting the challenges they face.<\/p>\n<p>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><strong>Yes, we would like flying cars to be quieter before they\u2019re allowed on our skies, thank <\/strong><strong>you: <\/strong>Entrepreneurs, including former NASA engineer Mark Moore, are working on how to make the long-dreamed-of flying car quieter. <a href=\"https:\/\/www.whisper.aero\/\">Whisper Aero<\/a> is designing flying taxis that are quieter than their normal counterparts, in efforts to reduce noise pollution. A <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-12\/flying-taxi-startup-whisper-aero-aims-to-keep-noise-levels-down?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg piece<\/a> notes how a buzzing drone can ruin a perfectly good day at the beach, and hundreds of flying cars in the sky are sure to make our daily commutes even more hectic. Whisper\u2019s new \u201cthruster\u201d design will allow the aircrafts to blend into city noise, making a sky full of flying cars, if that is ever our reality, sound a little less annoying.<\/p>\n<p><strong>YOUR MANDATORY COVID STORY- <\/strong><strong>Pfizer is pushing the FDA towards a third dose of its covid jab, <\/strong>and is set to discuss the need for a booster shot in the next 12 months with FDA officials today, the <a href=\"https:\/\/bit.ly\/3hA3p7I\">Associated Press<\/a> reports. Pfizer said last week that a third jab increases people\u2019s antibodies by 5-10 fold, compared to only two shots. The Centers for Disease Control and Prevention and the FDA previously said that there is no need for a third dose, but didn\u2019t rule out the possibility either.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong>Saudi animation comedy <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81438813\">Masameer County<\/a><\/strong><strong> offers a humorous view on a changing <\/strong><strong>Saudi Arabia:<\/strong> In the eight-episode exclusive series, the Masameer Gang get stuck in the middle of a tribal feud, while also instigating a global media war. The series is refreshingly Arab-inspired and depicts a reality we can all relate to, especially the eccentric group of friends aspect that we\u2019ve all experienced. Masameer County is a great light look at how the Gulf kingdom operates, mixing comedy with politics and societal issues.<\/p>\n<p>\u26bd <strong>Football comes to Rome:<\/strong> Italy emerged as yesterday\u2019s victor in the Euro 2020 finals, beating England in a penalty shootout after a match that we thought felt more like a WWE showdown. The two teams were tied at 1-1, with England\u2019s Luke Shaw scoring a goal in the first two minutes before Leonardo Bonucci brought Italy back into the game with a goal in minute 67.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong>Fusion band Code Masr <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/285276486532589\/?active_tab=about\">is performing<\/a><\/strong><strong> at The Room New Cairo tonight at 9pm. <\/strong><\/p>\n<p><strong>A spike ball and archery event <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/792941041407963\/?active_tab=about\">is taking place tomorrow<\/a><\/strong><strong> at 6pm<\/strong> at the Bison courts in New Cairo\u2019s Metropolitan school. Professional trainers will be available to teach and supervise the sports.<\/p>\n<p><strong>7 Rays Holistic Health Center & Community is hosting <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/830735754496141\/?active_tab=about\">a movie night<\/a><\/strong><strong> today at 6pm<\/strong>, showing the Egyptian movie X-Large, after which Nour Mehanna will lead a discussion on the film from a yoga perspective.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>The foreign press has been all over it, maybe you should give it a read too: <\/strong><a href=\"https:\/\/aucpress.com\/product\/midnight-in-cairo\/\">Midnight in Cairo<\/a> by Raphael Cormack paints a picture of Egypt\u2019s Roaring Twenties, a time that redefined Egyptian popular culture by putting female singers and dancers front and center. From Badia Masabni\u2019s dancehall to Egyptian cinema pioneer Aziza Amir to legendary singer Umm Kulthum, these divas thrust themselves into the political and sociological spheres and had a massive impact on what it meant to be Egyptian at the time. They also paved the way for later feminist battles by breaking with patriarchial gender norms and striking out on their own to create businesses, careers, and public personas in a maligned and controversial industry for women at the time.<\/p>\n<p><strong>You can read more reviews on:<\/strong> <a href=\"https:\/\/www.ft.com\/content\/6b824e38-e61a-43fb-93fc-8d9b7a45537a\">The Financial Times<\/a> | <a href=\"https:\/\/www.al-monitor.com\/podcasts\/were-divas-egypts-roaring-20s-also-pioneers-egyptian-feminism-conversation-raphael-cormack#ixzz6xq8gLpsK\">Al Monitor<\/a> | <a href=\"https:\/\/www.harpersbazaararabia.com\/culture\/midnight-in-cairo-meet-egypts-1920s-dance-hall-divas-the-arab-worlds-first-feminists\">Harper\u2019s Bazaar<\/a> | <a href=\"https:\/\/www.thetimes.co.uk\/article\/midnight-in-cairo-by-raphael-cormack-review-mbc2wwjcw\">The Times<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/midnight-in-cairo-review-queens-of-jazz-age-egypt-11614957393\">The Wall Street Journal<\/a> | <a href=\"https:\/\/www.theguardian.com\/lifeandstyle\/2021\/may\/02\/the-dancehall-divas-who-set-the-pace-in-egypts-roaring-20s\">The Guardian<\/a>.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- Surprise surprise, 40\u00b0C weather once again for the capital <\/strong><strong>city<\/strong>, with temperatures falling to 23\u00b0C at night, our favorite weather app tells us. <strong>Meanwhile, the mercury is at 32\u00b0C in Sahel<\/strong>, with nighttime lows of 22\u00b0C.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pre-Eid news slowdown appears to be in full effect, with not one major theme in business happening today. For those who have not set an internal countdown, Monday, 19 July is the Wa\u2019fa. THE BIG STORY TODAY- The Oil Ministry signed four gold exploration contracts worth USD 17 mn with Canada\u2019s B2Gold and Australian [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[107,633,379,819,1033,3415,2827,146,3769,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566754","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-covid-19","tag-enterprisepm","tag-fda","tag-fuel","tag-jordan","tag-king-abdullah-ii","tag-nasa","tag-pfizer","tag-water-resources-act","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"ccc15c83-0bdc-4266-b567-d87114d4a62f","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[566752],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019. - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019.\" \/>\n<meta property=\"og:description\" content=\"The pre-Eid news slowdown appears to be in full effect, with not one major theme in business happening today. For those who have not set an internal countdown, Monday, 19 July is the Wa\u2019fa. THE BIG STORY TODAY- The Oil Ministry signed four gold exploration contracts worth USD 17 mn with Canada\u2019s B2Gold and Australian [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-12T13:52:15+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019.\",\"datePublished\":\"2021-07-12T13:52:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/\"},\"wordCount\":1220,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"covid-19\",\"EnterprisePM\",\"FDA\",\"fuel\",\"Jordan\",\"King Abdullah II\",\"NASA\",\"Pfizer\",\"Water Resources Act\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/\",\"name\":\"TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019. - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-07-12T13:52:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019. - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/","og_locale":"en_US","og_type":"article","og_title":"TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019.","og_description":"The pre-Eid news slowdown appears to be in full effect, with not one major theme in business happening today. For those who have not set an internal countdown, Monday, 19 July is the Wa\u2019fa. THE BIG STORY TODAY- The Oil Ministry signed four gold exploration contracts worth USD 17 mn with Canada\u2019s B2Gold and Australian [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-07-12T13:52:15+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019.","datePublished":"2021-07-12T13:52:15+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/"},"wordCount":1220,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["covid-19","EnterprisePM","FDA","fuel","Jordan","King Abdullah II","NASA","Pfizer","Water Resources Act","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/","name":"TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019. - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-07-12T13:52:15+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/tonight-oil-ministry-signs-usd-17-mn-gold-exploration-contracts-oil-prices-slip-also-read-midnight-in-cairo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"TONIGHT: Oil Ministry signs USD 17 mn gold exploration contracts. + Oil prices slip. ALSO: Read \u2018Midnight in Cairo\u2019."}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":566901,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/27\/canadas-barrick-inks-four-gold-exploration-contracts\/","url_meta":{"origin":566754,"position":0},"title":"Canada\u2019s Barrick inks four gold exploration contracts","author":"enterpriseam admin","date":"27 July 2021","format":false,"excerpt":"Canadian miner Barrick Gold has inked four gold exploration contracts with a combined USD 8.8 mn with the Oil Ministry, according to a ministry statement, which said this is the Toronto-listed miner\u2019s first investment in Egypt. According to the terms of the agreement, Barrick will search for and mine gold\u2026","rel":"","context":"In &quot;SPEED ROUND: NATURAL RESOURCES&quot;","block_context":{"text":"SPEED ROUND: NATURAL RESOURCES","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-natural-resources\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/473.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566756,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/four-more-gold-licenses-signed-for-today\/","url_meta":{"origin":566754,"position":1},"title":"Four more gold licenses signed for today","author":"enterpriseam admin","date":"12 July 2021","format":false,"excerpt":"The government signed today four new gold exploration contracts with Canadian miner B2Gold and Australian gold miner and Sukkari operator Centamin, with investments exceeding USD 17 mn, the Oil Ministry said in a statement.Who gets what? B2Gold was granted the rights for six gold exploration blocks under a USD 8\u2026","rel":"","context":"In &quot;SPEED ROUND: MINING&quot;","block_context":{"text":"SPEED ROUND: MINING","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/388.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559484,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/three-more-companies-get-a-hold-of-mining-contracts\/","url_meta":{"origin":566754,"position":2},"title":"Three more companies get a hold of mining contracts","author":"enterpriseam admin","date":"24 January 2021","format":false,"excerpt":"Three mining companies have signed five new gold exploration contracts worth a combined USD 13 mn with the Oil Ministry, according to a cabinet statement. The contracts include a USD 9 mn agreement signed with Canada\u2019s Lotus Gold for the rights to explore 11 blocks, while Mining and Manufacturing Company\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560192,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/18\/signed-sealed-and-delivered\/","url_meta":{"origin":566754,"position":3},"title":"Signed, sealed, and delivered","author":"enterpriseam admin","date":"18 February 2021","format":false,"excerpt":"Another four mining companies signed yesterday 10 new gold exploration contracts worth a combined USD 11 mn with the Oil Ministry, after being awarded concessions in the Eastern Desert in a tender issued last year, according to a ministry statement. Yesterday\u2019s contracts bring the grand total to 15, after the\u2026","rel":"","context":"In &quot;Mining&quot;","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/272.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590729,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/oil-ministry-reaches-framework-mining-agreement-with-key-gold-players\/","url_meta":{"origin":566754,"position":4},"title":"Oil Ministry reaches framework mining agreement with key gold players","author":"enterpriseam admin","date":"25 July 2023","format":false,"excerpt":"The Oil Ministry, Centamin, and Barrick reached agreements on commercial, fiscal, and legal terms","rel":"","context":"In &quot;Mining&quot;","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/949.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546695,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/four-miners-land-licenses-to-prospect-for-gold\/","url_meta":{"origin":566754,"position":5},"title":"Four miners land licenses to prospect for gold","author":"enterpriseam admin","date":"25 May 2022","format":false,"excerpt":"Four miners have landed licenses to explore for gold in the Eastern Desert in the Madbouly government\u2019s latest tender, Dostor reported yesterday. They reportedly include Ankh Resources, Sawiris-backed Akh Gold, Canadian miner Lotus Gold, and Marine Logistic.Lotus and Akh are familiar faces: Naguib Sawiris-backed Akh Gold signed contracts for nine\u2026","rel":"","context":"In &quot;Mining&quot;","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=566754"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566754\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566752"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566754"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566754"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}