{"id":639944,"date":"2024-08-18T00:00:00","date_gmt":"2024-08-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/18\/government-reportedly-gearing-up-for-october-international-gas-exploration-tender-plus-fawry-to-launch-saudi-operations-in-2024-ceramica-venezia-resumes-operations-le-pacha-1901-to-offload-control\/"},"modified":"2024-08-18T00:00:00","modified_gmt":"2024-08-18T00:00:00","slug":"government-reportedly-gearing-up-for-october-international-gas-exploration-tender-plus-fawry-to-launch-saudi-operations-in-2024-ceramica-venezia-resumes-operations-le-pacha-1901-to-offload-control","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/18\/government-reportedly-gearing-up-for-october-international-gas-exploration-tender-plus-fawry-to-launch-saudi-operations-in-2024-ceramica-venezia-resumes-operations-le-pacha-1901-to-offload-control\/","title":{"rendered":"Government reportedly gearing up for October international gas exploration tender. PLUS: Fawry to launch Saudi operations in 2024, Ceramica Venezia resumes operations, Le Pacha 1901 to offload controlling stake"},"content":{"rendered":"<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt prepares new gas exploration tender:<\/strong> The government is gearing up to launch a new international tender for natural gas exploration in at least ten areas in the Mediterranean and waters in the Delta, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/51211\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B7%D8%B1%D8%AD-%D9%85%D8%B2%D8%A7%D9%8A%D8%AF%D8%A9-%D9%84%D9%84%D8%AA%D9%86%D9%82%D9%8A%D8%A8-%D8%B9%D9%86-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D9%81%D9%8A-10-%D9%85%D9%86%D8%A7%D8%B7%D9%82-%D8%A8%D8%A7%D9%84%D8%A8%D8%AD%D8%B1-%D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing an anonymous government official. Oil Minister Karim Badawi has agreed with foreign partners operating in Egypt to accelerate development plans for concession sites, aiming to add new wells to the production network over the coming months, according to the source.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline:<\/strong> The official said the tender\u2019s announcement could coincide with the <a target=\"_blank\" href=\"https:\/\/moc-egypt.com\/\" style=\"\" rel=\"noopener\">Mediterranean Offshore Conference and Exhibition<\/a> scheduled for October in Alexandria.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> The Oil Ministry formed an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17697a01-daaa-4f94-87ff-39a059bf0b4d\/\" style=\"\" rel=\"noopener\">advisory committee<\/a> to manage oil and gas reserves and boost production last week.<\/p>\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fawry gears up for Saudi expansion in the next four months: <\/strong>Local e-payment services giant Fawry is planning to set up shop in Saudi Arabia by the end of 2024, the company\u2019s CEO and founder Ashraf Sabry told Asharq Business <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-reports\/51170\/%D9%81%D9%88%D8%B1%D9%8A-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%AA%D9%88%D9%82%D8%B9-%D8%A8%D8%AF%D8%A1-%D8%A7%D9%84%D8%B9%D9%85%D9%84-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%82%D8%A8%D9%84-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\/\" style=\"\" rel=\"noopener\">(watch, runtime: 8:19)<\/a>. The company is in the process of finalizing some contracts with companies in the kingdom ahead of its launch in the country, Sabry added. Sabry\u2019s comments followed the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75bca066-f2e3-4908-b1ca-302adef09ac8\/tmg-holding,-contact-financial,%253cmark%253e-fawry%253c%2Fmark%253e-report-earnings\" style=\"\" rel=\"noopener\">release of the company's earnings<\/a> for 1H 2024.<\/p>\n<p class=\"tag-border-left\">M&amp;A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Le Pacha to offload a controlling stake?<\/strong> Dining and entertainment venue <a target=\"_blank\" href=\"https:\/\/www.lepacha.com\/\" style=\"\" rel=\"noopener\">Le Pacha 1901<\/a> is offering a controlling stake to local and foreign investors, <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2024\/08\/15\/%d8%b9%d8%a7%d8%ac%d9%84-%d8%b3%d8%aa%d8%a7%d9%86%d9%87%d9%88%d8%a8-%d9%85%d8%b3%d8%aa%d8%b4%d8%a7%d8%b1-%d8%ad%d8%b5%d8%b1%d9%8a-%d9%81%d9%8a-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0\/\" style=\"\" rel=\"noopener\">Hapi Journal<\/a> reports, citing unnamed sources. The company has reportedly tapped Stanhope, an affiliate of New York-based Concord International Investments Group, as the financial advisor on the transaction. The sale is open to either a single investor or group of investors, with no cap on how much each investor within a group can purchase.<\/p>\n<p class=\"tag-border-left\">LABOR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ceramica Venezia resumes operations:<\/strong> Ceramic manufacturer <a target=\"_blank\" href=\"https:\/\/ceramicavenezia-eg.com\/eg\/\" style=\"\" rel=\"noopener\">Ceramica Venezia<\/a> yesterday resumed operations after management struck an agreement with worker representatives to study worker demands and restructure wages by the end of the year, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0HG7TdMYGHXSYvkLrrrBoD9r48E6JR8557o79tEhWpUeLYxZbVCyaiv5X8LgHsJtpl\" style=\"\" rel=\"noopener\">statement<\/a> from the Labor Ministry. The company, which has some 1.3k workers, has pledged to uphold the minimum wage in the new structure. This comes just a few days following the factory\u2019s closure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Minister Karim Badawi has agreed with foreign partners operating in Egypt to accelerate development plans for concession sites<\/p>\n","protected":false},"author":1,"featured_media":639945,"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":[7209],"tags":[111,93,72,519,183,955,235,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-energy","tag-enterpriseam","tag-fawry","tag-fintech","tag-hospitality","tag-labor","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"d8bf231d-63f1-43cd-bcdc-f2decb5f1d01","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/805.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Government reportedly gearing up for October international gas exploration tender. PLUS: Fawry to launch Saudi operations in 2024, Ceramica Venezia resumes operations, Le Pacha 1901 to offload controlling stake","related_issue":[639923],"teaser":"Oil Minister Karim Badawi has agreed with foreign partners operating in Egypt to accelerate development plans for concession sites","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.58e2d45e-1344-4341-9c08-3a508957813e.mp3"},"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>Government reportedly gearing up for October international gas exploration tender. PLUS: Fawry to launch Saudi operations in 2024, Ceramica Venezia resumes operations, Le Pacha 1901 to offload controlling stake - 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\/2024\/08\/18\/government-reportedly-gearing-up-for-october-international-gas-exploration-tender-plus-fawry-to-launch-saudi-operations-in-2024-ceramica-venezia-resumes-operations-le-pacha-1901-to-offload-control\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government reportedly gearing up for October international gas exploration tender. 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