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Egypt's NBE Generates EGP 2 Billion in Exit Deals in 2023
EG >> 1/21/2024 - The National Bank of Egypt (NBE), Egypt's largest state-owned bank, has amassed around EGP 2.1 billion through the execution of five exit deals across various economic sectors in 2023, Ahmed El-Said, ...
Egypt, Saudi Arabia Sign Mou for Mineral Exploration
EG >> 1/10/2024 - The Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla signed a memorandum of understanding (MoU) with the Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef for techn...
Factbox: Egypt's Economic Strategy for 2024-2030
EG >> 1/8/2024 - The Egyptian government launched in January a comprehensive eight-direction economic strategy for the period 2024-2030, the document of which tackles several aspects of economy and quality of life.
Nigeria to Plant 10 Million Mangrove Seedlings in Next 3 Years: Minister of State for Environment
EG >> 12/9/2023 - DUBAI, 9th December, 2023 (WAM) -- Dr. Ishaq Salako, Minister of State for Environment in the Federal Republic of Nigeria, said that Nigeria, the third-largest country in the world in terms of the amo...
Emirati Energy Giant Mubadala Seeks to Expand in Egypt
EG >> 12/9/2023 - The Emirati energy company Mubadala is seeking to inject new investments in Egypt, CEO Mansoor Al-Hamed stated during a meeting with Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla...
Canadian Lotus to Explore Gold in Egypt’s Desert
EG >> 11/26/2023 - The Egyptian Mineral Resources Authority (EMRA) signed an agreement with Canadian Lotus Gold Corporation for exploration concessions on 525 square kilometres with $2.5 million in investments, accordin...
Centamin Plans to Increase Sukari's Gold Production By 15 Percent Until 2032
EG >> 10/22/2023 - Global gold mining company Centamin announced a plan to increase the production of Egypt's Sukari mine by 14.74 percent to 506,000 ounces (more than 15.81 tons) for the next nine years ending 2032 fro...
Mbrsc Takes Centre Stage at Iac 2023 in Baku, Showcasing Uae's Presence in Global Space Exploration
AE >> 10/2/2023 - Dubai World Trade Centre (DWTC) has announced that Gulfood Manufacturing, the most influential annual F&B manufacturing event in the world, will take place from 7th to 9th November 2023.

T...
Egypt Launches Int'l Bid Round for Gas, Oil Exploration in 23 New Areas
EG >> 9/25/2023 - Minister of Petroleum and Mineral Resources Tarek el Molla announced the ministry launched a new international bid round for gas and oil exploration in 23 new areas.

In a statement, he said...
UAE: Hub for Space Startups, Global Companies
AE >> 9/18/2023 - The space sector plays a crucial role in the global economy, as it creates new jobs, stimulates economic growth, and attracts foreign investments.

With ambitious strategies and promising in...
Africa Can Become A Key Link in Global Supply Chains: UNCTAD
AE >> 8/16/2023 - African economies can become major participants in global supply chains by harnessing their vast resources of materials needed by high-technology sectors and their own growing consumer markets, the Un...
Apache Wants More Concession Areas in Egypt’s Desert
EG >> 5/16/2023 - The Apache Oil Company is trying to acquire a large number of new areas in Egypt to search and explore for oil, particularly after its work in the Western Desert.

Egyptian Minister of Petro...
Molla Confers With Chevron Int'l Chief on Increasing Production in Egypt
EG >> 3/6/2023 - Minister of Petroleum and Mineral Wealth Tarek El Molla conferred with President of Chevron International Exploration and Production Company Clay Neff on Egypt's recent activities, its exploration pla...
Al Tor Port Receives 1st Oil Rig for Maintenance Operations
EG >> 2/5/2023 - Head of the Suez Canal Economic Zone Walid Gamaleddin said that a special plan has been laid out to re-operate Al Tor Port through an agreement with a company working in the oil exploration domain in ...
EGYPS 2023 Set to Drive The Energy Transition Conversation
EG >> 1/9/2023 - With the global energy transition underway, the sixth edition of the Egypt Petroleum Show (EGYPS) returns to Cairo from February 13-15 2023 at the Egypt International Exhibition Center to propel the d...
Emiratis Dominate Forbes' List of Top 100 Ceos in Middle East
AE >> 7/6/2022 -  Emiratis dominated this year’s list of the Top 100 CEOs in the region, with Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu ...
PM:State Ownership Policy Document Sets Egypt's Approach Toward Assets
EG >> 6/14/2022 - Prime Minister Mostafa Madbouli said the main goal of the State Ownership Policy Document is to outline the State's policy toward its own assets and the economic domains in which it will operate in th...
More Trade With Canada
EG >> 6/1/2022 - An Egyptian delegation is preparing to embark on a mission to Canada with the aim of strengthening ties between the two countries.

Moataz Raslan, chair of the Canada Egypt Business Council...
Export Credit Agencies of UAE, India Join Hands to Enhance Trade, Economic Cooperation
AE >> 12/29/2020 - Etihad Credit Insurance (ECI), the UAE Federal export credit company, has partnered with ECGC Limited (ECGC), the export credit agency of India, to explore and bolster the trade and economic cooperati...
State Bodies Join Hands to Face Covid 19 Pandemic Outbreak - Minister
EG >> 12/14/2020 - Petroleum Minister Tarek el Molla said all state institutions rallied their efforts to preserve lives of people and at the same time keep the production process going on during the Covid 19 pandemic....
Q&A With EBCC Chairman on Egypt-UK Trade Relations, New Mutual Trade Accelerator
EG >> 10/25/2020 - On 5 October, the UK-based Egyptian-British Chamber of Commerce (EBCC) launched the online B2B platform Trade Accelerator, which aims to bring the professional community of both countries together in ...
Sprott, La Mancha and Kinross Express Interest in Egypt Gold Mining
EG >> 3/4/2020 - US mining company Sprott and mining group La Mancha intend to bid on Egypt's international gold mining tender this month, while Canada's Kinross Gold plans to make large investments in the country's m...
New Resources Discovered in Gulf of Suez Offshore Egypt
EG >> 10/25/2019 - Energy group Eni announced the discovery of new resources in the Abu Rudeis Sidri development lease in the Gulf of Suez, where the operating company Petrobel, equally held by Eni and by the Egyptian ...
Apache Corp. Plans to Increase Investments in Egypt
EG >> 10/18/2019 - Apache oil corporation has plans to boost investments in Egypt through using the cutting-edge oil and gas exploration technologies, said John J. Christmann, the President, Chief Executive Officer and ...
UAE Invests AU$26 Billion in Australia: Deputy PM Mccormack
AE >> 10/7/2019 -  The UAE has around AU$26 billion (AED64 billion) worth of investments in Australia, revealed a senior Australian official.

The Australian Deputy Prime Minister Michael McCormack, said that A...
Egypt Introducing Amendments to Mineral Wealth Law: Investment Minister
Egypt Introducing Amendments to Mineral Wealth Law: Investment Minister EG >> 8/19/2019 - Egyptian Investment Minister Sahar Nasr announced new amendments to the mineral wealth law no. 198/2014.

The new amendments, according to Nasr, includes legislative reforms that aim to fac...
China-UAE Trade Reaches $11.2b in 2019 Q1, Up By 16.21% from Last Year
AE >> 7/20/2019 - Bilateral trade between China and the UAE reached US$11.2 billion in the first quarter of 2019, a 16.21 percent increase compared to the same period in 2018, said a top Chinese diplomat.

"Chi...
Emirati Delegation Takes Part in World Economic Forum in China
AE >> 7/3/2019 - The UAE Government took part in 12 key sessions of the World Economic Forum held in Dalian, China, in the presence of more than 1,900 government officials, entrepreneurs and researchers from more than...
Attracting Foreign Investment to Egypt: Correcting Misperceptions
EG >> 6/21/2019 - Foreign direct investment (FDI) into Egypt fell to $6.8 billion in 2018, down from $7.4 billion the previous year, according to the UN Conference on Trade and Development (UNCTAD) 2019 World Investmen...
Hamdan Bin Mohammed to Lead UAE Delegation to World Economic Forum in Davos
AE >> 1/20/2019 - H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, will head the UAE delegation to the forty-ninth session of the World Economic Forum, which will be held in Davos, Switzerl...
Egyptian Mineral Resources Authority Head Reveals Study to Establish Complexes for Gold Explorers
EG >> 11/27/2018 - The Egyptian Mineral Resources Authority (EMRA) is studying to establish industrial complexes for gold explorers in a bid to include them in the formal economy.

About 40 tons of gold are une...
Egypt, Cyprus Sign Agreement to Construct Gas Pipeline worth $800 Million
EG >> 9/19/2018 - Egypt and Cyprus signed an agreement to construct a direct marine pipeline to transfer natural gas from the Cypriot Aphrodite field to Egypt and then to be re-exported to different markets, statement...
Egypt, Tunisia To Set Up Coordination Council To Increase Investment Cooperation
EG >> 8/12/2018 - Minister of Investment and International Cooperation Sahar Nasr said Egypt is seeking to up Tunisian investments, which hit dlrs 802 million in 2018, pressing the need for furthering joint investments...
UAE’s $8b Tech Industry Woos Chinese Business
AE >> 7/20/2018 - With a thriving technology sector, deepening bilateral ties with China, and recent announcements by the UAE Cabinet to allow 100 percent foreign ownership in certain onshore industries, Dubai is an in...
Algeria: Sonatrach Investments Were $8 Billion in 2017
DZ >> 7/1/2018 - The National Hydrocarbon Group Sonatrach said Sunday that the total investment volume made in Algeria was $8.2 billion in 2017. 87% of them covered the development of hydrocarbon exploration and produ...
Egypt Armed Forces, Australian Company Sign Deal to Separate Economic Minerals in Burullus
EG >> 5/19/2018 - The Egyptian Black Sand Company (EBSC) and the Australian Minerals Technologies Inc. signed a contract to embark on a project meant to provide equipment to establish two factories for the concentratio...
UAE, Japan Issue Joint Statement on Strengthening Strategic Partnership
AE >> 4/30/2018 -  joint UAE-Japanese statement has been issued following a meeting between Prime Minister Shinzo Abe of Japan and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy ...
Dubai: DMCA Explores Approaches To Enhance UAE’s Global Maritime Leadership
AE >> 4/23/2018 - The Dubai Maritime City Authority, DMCA, hosted a workshop themed, "The Future of the Maritime Sector in Dubai,"

which explored key prospects for bilateral cooperation with the Federal Trans...
Petroleum Minister, Canada Ambassador Mull Cooperation
EG >> 4/22/2018 -  Petroleum Minister Tarek el Mulla met with Canada's Ambassador in Cairo Jess Dutton on ways to promote cooperation.

The meeting tackled also joint projects and possible Canadian investments ...
Egypt: Petroleum Minister Discussed With Ukrainian Ambassador Cooperation in Oil, Gas Exploration
Egypt: Petroleum Minister Discussed With Ukrainian Ambassador Cooperation in Oil, Gas Exploration EG >> 2/10/2018 - Petroleum Minister Tareq el Molla discussed with Ukrainian Ambassador in Cairo Hennadii Latii and Deputy Chairman of NJSC Naftogaz of Ukraine, CFO Sergiy Konovets means of boosting bilateral cooperati...
Egypt: PM: Further Gas Exploration Opportunities Available in Egypt
Egypt: PM: Further Gas Exploration Opportunities Available in Egypt EG >> 2/6/2018 - Prime Minister Sherif Ismail said that Egypt has many other promising opportunities with regard to the oil and natural gas exploration alongside Zohr gas field.

In a press conference followi...
Algiers -Council Of Ministers Approves Three Presidential Decrees on Hydrocarbons
DZ >> 12/27/2017 - The Council of Ministers has approved three presidential decrees on the exploration and exploitation of hydrocarbons during a meeting, chaired by President of the Republic Abdelaziz Bouteflika.
Saudi: Aramco Welcomes Schlumberger Plan to Develop State of the Art Manufacturing Center
SA >> 12/17/2017 - Saudi Aramco has welcomed plans by Schlumberger to develop an industrial manufacturing center within the King Salman Energy Park in the Kingdom of Saudi Arabia.

The announcement was made at a...
Egypt: Experimental Production from Zohr Gas Field to Start Within Days
EG >> 12/10/2017 - Egypt's Minister of Petroleum Tarek El-Molla announced that experimental production from the Mediterranean Zohr Gas field is set to start in the coming days.

Discovered in 2015, Zohr is the l...
Abu Dhabi: Spc Approves Key Strategic Investments As Adnoc Expands 2030 Strategy
AE >> 11/27/2017 - The Supreme Petroleum Council, SPC, presided over by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Vice-Chairman of t...
Egypt: Sahar Nasr Mulls with UAE Businessman Investments
Egypt: Sahar Nasr Mulls with UAE Businessman Investments EG >> 11/5/2017 - Investment and International Cooperation Minister Sahar Nasr met UAE investor Abdullah Saeed Al Thani, the Chairman of Al Thani Investments LLC, in Cairo.

The meeting touched on the UAE firm...
Saudi, Russia Posed to Promote Trade, Investment Ties
SA >> 11/2/2017 - Saudi Arabia and Russia discussed means of promoting economic, trade and investment cooperation as well as the opportunities for launching joint projects between the private sector in both countries....
Egypt Signs 3 Contracts For Oil and Gas Exploration Worth $79 Million
EG >> 8/26/2017 - Minister of Petroleum and Mineral Resources, Tariq Al-Mulla, signed three new agreements for oil and gas exploration in the Western Desert of Egypt with the Egyptian General Petroleum Corporation and ...
Sahar Nasr Discusses With Representatives of Major US Companies Joint Cooperation
Sahar Nasr Discusses With Representatives of Major US Companies Joint Cooperation EG >> 4/22/2017 - Investment and International Cooperation Minister Sahar Nasr had talks with representatives of major US companies on boosting economic cooperation between Egypt and the United States.

Nasr’s ...
Egypt Discusses with Apache Boosting Investments in Egypt
EG >> 4/1/2017 - Petroleum and Mineral Resources Minister Tarek el-Molla met with CEO of Apache Corporation John Christmann and his accompanying delegation for talks on boosting the company's investments in Egypt.
...

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