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GUPCO Kicks Off Production at North Safa Oil Field in Gulf of Suez
EG >> 1/1/2024 - The Gulf of Suez Petroleum Company (GUPCO) has successfully brought the first well of the North Safa oil field in the northeastern Ramadan region of the Gulf of Suez online.

This achieveme...
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...
Egypt Secures 3rd Place in Offshore BPO Confidence Index 2023
EG >> 11/28/2023 - Minister of Communications and Information Technology Amr Talaat announced that Egypt has won the third place, up from 11th in one year, on the Offshore BPO Confidence Index 2023, as assessed by Ryan ...
AD Ports Group Reports AED1,817 Million in Q1 Revenue
AE >> 5/15/2023 -  AD Ports Group today said its revenue grew 73% YoY to AED1,817 million in Q1 2023.

In a statement, the Group said the growth is driven by the robust performance of its Maritime, Economic C...
Global Forum Spotlights Actions to Make Trade More Sustainable And Inclusive
AE >> 5/7/2023 - UNCTAD will host the third UN Trade Forum on 8th and 9th May 2023 to identify trade policies that can help countries grow their economies while tackling pressing global challenges and accelerating pro...
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 ...
Annual Global Bribes Reach $2 Trillion, Tax Evasion $3 Trillion
EG >> 9/4/2019 - "Bribes to the tune of $1.5–$2 trillion change hands every year. Tax evasion costs governments more than $3 trillion a year, and countless more is lost through other illicit activities.

This...
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...
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...
Egypt in $500 Million Settlement with Israel Electric Corp
EG >> 6/17/2019 - Egypt has signed a $500 million settlement with state-owned Israel Electric Corp over a defunct natural gas deal, the Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas (EGAS) said...
G20 Agrees to Push Ahead With Digital Tax: Communique
EG >> 6/8/2019 - Group of 20 finance ministers agreed to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a copy of the bloc’s draft communique obtai...
PM To Inaugurate EGYPS 2019
EG >> 2/10/2019 - Prime Minister Moustafa Madbouli will inaugurate Egypt Petroleum Show "EGYPS 2019" on behalf of President Abdel Fattah El Sisi at Cairo International Convention & Exhibition Center, Petroleum Ministe...
Lower Gas Imports, High Tourism Revenues, and T-Bills: Keeping the Egyptian Pound Stable
EG >> 2/8/2019 - The executive board of the International Monetary Fund (IMF) completed its fourth review of Egypt’s economic reform programme this week, a condition of its $12 billion loan.

The completion of...
Egypt Approves BP, UAE Mubadala Acquisition of 45 Percent Stake in Eni's Noor Concession
EG >> 12/9/2018 - Egypt signed an agreement for UK Petroleum giant British Petroleum (BP) and UAE investment fund Mubadala to buy a 45 percent stake in the country's Noor offshore natural gas concesion in the Meditera...
UAE Mubadala To Buy 20 Pct Interest In Egypt's Nour Offshore Concession From Eni
EG >> 11/12/2018 - Abu Dhabi state fund Mubadala Investment Company’s oil business has agreed to buy a 20 percent participating interest in Egypt’s Nour North Sinai Offshore Area concession from Italy’s Eni, it said .
Adnoc Seeks To Strengthen Partnerships in Japan
AE >> 8/8/2018 - Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO, met , with Hiroshige Seko, Minister of Economy, Trade and Industry, as part of a series of meetings, with government offici...
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 ...
Japan Keen to Develop Relations with UAE beyond Business Level
AE >> 4/30/2018 - Prime Minister of Japan Shinzo Abe has affirmed his country’s determination to develop relations with the UAE beyond business levels, noting that the two countries' governments are keen to foster peop...
Mohamed Bin Zayed, Austrian Chancellor Witness Signing Of ADNOC-OMV Agreements
AE >> 4/29/2018 - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Sebastian Kurz, Chancellor of Austria, witnessed, the signing of an...
Abu Dhabi: Mohamed Bin Zayed and India’s Prime Minister Witness Signing of Agreement, Mous
AE >> 2/10/2018 - The United Arab Emirates and the Republic of India signedan agreement and four memoranda of understanding between the UAE and India as part of joint efforts to consolidate bilateral partnerships and c...
Dubai: ADNOC to Expand Partnerships with Chinese Energy, Technology and Chemical Companies
AE >> 1/30/2018 - Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO, has held a series of meetings with government and corporate leaders in Beijing, focused on strengthening the strategic rela...
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...
Abu Dhabi: Industrial Development Bureau Officials Visit Three New Factories in Emirate of Abu Dhabi
AE >> 8/22/2017 - Officials from the Industrial Development Bureau of the Department of Economic Development, visited three new factories in the Emirate of Abu Dhabi, which started their operation in 2017 with a total ...
ABU DHABI: National Petroleum Construction Company Ranked 5th in MENA
AE >> 7/24/2017 -  NPCC, a member company of SENAAT – Abu Dhabi, one of the UAE’s largest industrial investment holding companies, is ranked 5th in the annual list of Top 30 Engineering, Procurement and Construction, E...
Egypt's Petroleum Ministry, Italy's Eni, BP Sign Agreement on Zohr Gas Field
Egypt's Petroleum Ministry, Italy's Eni, BP Sign Agreement on Zohr Gas Field EG >> 2/14/2017 - Prime Minister Sherif Ismail attended the signing of an agreement between Egypt’s Petroleum Minister Tarek Mulla, Chief Executive Officer of Italian Oil Company Eni Claudio Descalzi and Chief Executi...
Dubai Economic Council Enhances Partnership with Bank of China
AE >> 1/1/2017 - The Bank of China is expected to play a role in some of the UAE’s most important projects, including infrastructure, tourism, real estate, trade and logistics.

Dubai has a wide network of eco...
DGCX and CGSE Sign Mou to Boost Precious Metals Market Development
AE >> 12/12/2016 - The Dubai Gold and Commodities Exchange, DGCX, signed a Memorandum of Understanding, MoU, with the Chinese Gold and Silver Exchange Society, CGSE, in Hong Kong.

As leading markets for preciou...
DGCX to launch Chinese Yuan Futures Dec. 2015
AE >> 11/26/2015 - The Dubai Gold and Commodities Exchange, DGCX, is scheduled to launch Chinese Yuan Futures on 18th of next month, subject to regulatory approvals, as part of the exchange’s efforts to make the Yuan ac...
Iran in talks with Oman on Gas Exports
IR >> 11/23/2015 - Iranian Oil Minister Bijan Namdar Zanganeh held talks with Oman's Minister of Oil and Gas Mohammed bin Hamad Al-Rumhi to discuss the possibility of exporting Iranian gas through Oman.

Mana...
Eni Discovery Proves Mediterranean Area to be Large Reservoir
EG >> 9/12/2015 - Spokesman for the Petroleum and Mineral Resources Ministry Hamdy Abdel-Aziz said that the great gas discovery made by the Italian Company Eni in Egypt proves that the Mediterranean area is a large res...
UAE-UK: United in Friendship, United in Trade
AE >> 4/30/2013 - President His Highness Sheikh Khalifa Bin Zayed Al Nahyan's visit to the United Kingdom is a testament to the deep and historic relations between the UAE and UK, H.H Sheikh Abdullah Bin Zayed Al Nahya...
ADMA-OPCO Signs $2.4b EPC Contracts for SARB Project
AE >> 4/2/2013 - Abu Dhabi Marine Operating Company (ADMA-OPCO) has signed two Engineering, Procurement '&' Construction (EPC) contracts valued at around $2.4b for the Satah Al-Razboot (SARB) Full Field Development Pr...
Dubai Chamber Trade Mission Leaves for Germany
AE >> 9/4/2012 - A Dubai Chamber of Commerce and Industry-led trade mission will leave for Hamburg to participate in the 25th edition of the Shipbuilding, Machinery and Marine Technology (SMM 2012 Expo). The event is ...
Mubadala Development to Invest US$2b in Brazil's EBX Group
AE >> 3/26/2012 - Mubadala Development will invest US$2 billion in the Brazilian business group EBX founded by Eike Batista as part of a strategic partnership, Mubadala has announced. Under the terms of the agreement M...
Fabrication of offshore platforms in Egypt
EG >> 8/3/2004 - Cairo 3 August 2004 – The Egyptian Minister of Petroleum Eng. Sameh Fahmy had visited Petrojet workshops in Alexandria where 5 offshore platforms are being fabricated for Petrobel, Rashied Petroleum C...
Shell Egypt announces two ultra-deepwater discoveries
Shell Egypt announces two ultra-deepwater discoveries EG >> 2/15/2004 - Shell Egypt, with co-venturers Petronas Carigali Overseas Sdn. Bhd. and the Egyptian Natural Gas Holding Company have succeeded in making two hydrocarbon discoveries in their offshore concession in th...
BG and partners sign Sale and Purchase Agreements for ELNG Train 2
BG and partners sign Sale and Purchase Agreements for ELNG Train 2 EG >> 9/25/2003 - BG Group plc and its Egyptian LNG (ELNG) Train 2 partners have signed the full Sale and Purchase Agreements (SPAs) for the sale of the entire 3.6 million tonnes per annum (mtpa) output of ELNG Train 2...
Egypt plans to add a third train to Idku LNG project
Egypt plans to add a third train to Idku LNG project EG >> 9/23/2003 - Currently Egypt is studying the construction of a third train in Idku LNG plant with an estimated investment of $550 million. Many financial institutions and international petroleum companies are inte...
BG and partners agree principal terms for Egyptian LNG Train 2
BG and partners agree principal terms for Egyptian LNG Train 2 EG >> 7/3/2003 - BG Group plc and Egyptian LNG (ELNG) Train 2 partners have agreed the principal terms for Liquefied Natural Gas (LNG) Sale and Purchase Agreements (SPAs) for the entire 3.6 million tonnes per annum (m...

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