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E& Capital Leads $5mn Series A Financing Round in Maxbyte
AE >> 8/22/2023 -  e& capital today announced a lead investment in the US$5 million Series A financing round of Maxbyte, an innovator in the field of integrated digital and robotics solutions, to strengthen the company...
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...
Yalla Group Records Aed561 Million in First Half Revenues
AE >> 8/15/2023 -  Yalla Group Limited today announced its unaudited financial results for the first half of the fiscal year 2023, ending on 30th June.

According to the financial results, Yalla’s H1 revenues...
Saudi Aramco Reports Record Profit of $161 Billion in 2022
EG >> 3/12/2023 - Saudi Aramco said it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude expor...
Saudi Aramco Reports Record Profit of $161 Billion in 2022
EG >> 3/12/2023 - Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest c...
Saudi Arabia’s Real GDP Grows 8.8% in Q3 Driven By Rise in Oil Activities: GASTAT
AE >> 12/11/2022 - Saudi Arabia’s real gross domestic product grew by 8.8 percent in the third quarter of 2022 compared to the same period last year driven by an increase in oil activities, according to a report release...
Aramco's Q2 Net Income Rises 90% Yoy To $48.4 Billion
AE >> 8/14/2022 - The Saudi Arabian Oil Company (Aramco or the Company) today announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income and declaring a divi...
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 ...
Egypt Signs Agreements With USTDA to Upgrade Major Refineries
EG >> 12/19/2020 - Egypt’s Ministry of Petroleum and Mineral Resources signed two grant agreements with the US Trade and Development Agency worth US$1.4 million enabling the Amreya Petroleum Refining Company (APRC) and...
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....
Sisi Witnesses Inauguration of Hydrocracking Complex in Qalubiya's Mostorod
EG >> 9/27/2020 - President Abdel Fattah El Sisi witnessed the inauguration of the Hydrocracking Complex in Qalubiya's district of Mostorod.

Prime Minister Mostafa Madbouly, House Speaker Ali Abdel Aal, Oil ...
29 Int’l Deals Inked in EGYPS 2020
EG >> 2/14/2020 - A total of 29 international agreements and memorandums of understanding (MoUs) were signed during the Egypt Petroleum Show (EGYPS 2020), which concluded.

The Ministry of Petroleum and Miner...
Egypt & Ghana mull boosting relations
EG >> 11/20/2019 - The African affairs committee of the House of Representatives, headed by Tarek Radwan, discussed with Ghanaian Ambassador to Egypt Winfred Nii ways of bolstering bilateral relations in several fields...
Medaf Investments Plans to Gain 50% of E-Payment Market Share and Penetrate African Market
EG >> 9/18/2019 - MEDAF Investments Holding has announced that it targets gaining a market share ranging between 30 and 50 percent of the electronic payment (e-payment) sector in the Egyptian market, in addition to pen...
Shares in Egypt's Qalaa Holdings Slide on Diluted Refinery Stake
EG >> 8/1/2019 - Shares in Egypt’s Qalaa Holdings, one of the country’s largest investment companies, fell by nearly 10% after it said that its stake in a new refining company had been reduced.

Qalaa said on...
UAE, Uzbekistan Boosting Power Generation, Renewables, Oil and Gas Ties
AE >> 3/26/2019 -  Mubadala Investment Company, Abu Dhabi’s strategic investment and development fund, has exchanged a set of strategic agreements with the Republic of Uzbekistan, in which future partnerships can be ex...
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...
Egypt, US Discuss Prospects of Cooperation in Gas, Petroleum Fields
EG >> 2/8/2019 - Minister of Petroleum and Mineral Resources Tareq el Molla discussed with US Charge d’Affaires in Cairo Thomas H. Goldberger prospects of bilateral cooperation in the coming stage in line with Egypt’s...
Egypt Signs A $ 1.2 Bln Loan With 3 Int'l Banks To Reach 7.6 Mln Tons Of Midor
EG >> 10/31/2018 - Egypt’s state-owned Middle East Oil Refinery Company (Midor) signed a 1.2-billion-dollar loan agreement with a banking consortium to increase the refining capacity of the Alexandria refinery lab by 60...
Egypt Signs A $ 1.2 Bln Loan With 3 Int'l Banks To Reach 7.6 Mln Tons Of Midor
EG >> 10/31/2018 - Egypt’s state-owned Middle East Oil Refinery Company (Midor) signed a 1.2-billion-dollar loan agreement with a banking consortium to increase the refining capacity of the Alexandria refinery lab by 60...
US Trade And Development Agency Official Meets With Ministers in Egypt
EG >> 10/26/2018 - Acting Director of the US Trade and Development Agency Thomas Hardy has met several Egyptian ministers, including Petroleum Minister Tarek El-Molla, to discuss the agency’s support for US commercial e...
Sisi Directs Speeding up Refining Projects to Narrow Gap between Supply, Demand
EG >> 9/17/2018 - President Abdel Fattah El Sisi directed the government to speed up its progress in the establishment of refining projects to fill the gap between the imports and consumption.

Sisi’s remarks c...
Egyptian PM in Talks over Medical Tourism, Projects in Petroleum
Egyptian PM in Talks over Medical Tourism, Projects in Petroleum EG >> 5/16/2018 - Prime Minister Sherif Ismail held four meetings with the petroleum and environment ministers, the South Sinai governor and the chairman of Federation of Egyptian Chambers of Commerce.

The mee...
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 ...
ADNOC Forum To Unveil New Investment Opportunities
AE >> 4/17/2018 - The Abu Dhabi National Oil Company (ADNOC) announced Monday its plans to unveil its detailed downstream strategy, expansion plans of the Ruwais Industrial Complex and introduce new partnership and inv...
Saudi: Aramco, Total Sign Mou to Build Petrochemical Complex in Jubail
SA >> 4/10/2018 - During the official visit to Paris by Saudi Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, Saudi Aramco and Total signed a memorandum of understanding to build a giant petro...
Banque Du Caire among 23 Egyptian State Companies Set to Float Stakes
EG >> 3/18/2018 - Egypt announced the names of 23 state companies it will offer stakes in beginning this year, part of a plan to raise about 80 billion Egyptian pounds ($4.6 billion) through minority share offerings o...
Bahrain to Host Gulf Downstream Association Conference
BH >> 2/14/2018 - Under the patronage of His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister, the first edition of the International Gulf Downstream Association (GDA) Conference/ Exhibition will ...
Egypt, Japan Discuss Boosting Cooperation
Egypt, Japan Discuss Boosting Cooperation EG >> 2/10/2018 - Petroleum and Mineral Resources Minister Tarek el Molla discussed with Japan's Parliamentary Vice-Minister of Economy Trade and Industry Masaki Ogushi boosting cooperation in oil industry.

Th...
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...
Bahrain: Minister Opens ME Refining Technology Conference
BH >> 1/23/2018 - Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa inaugurated the 2nd Edition Middle East Refining Technology Conference (MERTC2018).

The conference is organized by the World Refining Assoc...
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...
Saudi: Vision 2030 Opens New Investment Aspects between Saudi Arabia and Russia
SA >> 10/3/2017 - During the era of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the bilateral relations between the Kingdom of Saudi Arabia and the Russian Federation witnessed identical vi...
Egypt: Molla Considers With "Sinopec" Co Pushing Up Chinese Investments
EG >> 8/29/2017 - Petroleum Minister Tareq el-Molla considered with vice president of Chinese "Sinopec" Company Ling Yiqun, and his accompanying delegation, ways and means of fostering joint cooperation and available i...
Kuwait Seeks Energy Venture with Traders from Glencore to Vitol
KW >> 7/25/2017 - OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit traders like Vitol Group and Glencore Plc earn ...
Iran Welcomes Partnership with Major Chinese Firms
Iran Welcomes Partnership with Major Chinese Firms IR >> 5/15/2016 - A deputy petroleum minister of petroleum said Tehran regards China as a reliable partner, voicing Tehran's willingness to enter into partnership with major Chinese firms for developing oil and gas fie...
Kuwaiti-Vietnamese Meeting Tackles Business Cooperation
KW >> 5/7/2016 - As part of His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah's visit to Vietnam, an economic Kuwaiti-Vietnamese meeting took place in Hanoi, headed by Deputy President of the C...
Nasdaq Dubai Welcomes Listing of $500 M Sukuk by Majid Al Futtaim
AE >> 12/13/2015 - Nasdaq Dubai has welcomed the listing on its market of a US$500 million Sukuk issued by Majid Al Futtaim Holding. The listing brings the total value of Sukuk listings carried out on the exchange durin...
Qatar Recovers from MSCI Shock
QA >> 12/1/2015 - Several major Middle Eastern stock markets rose, led by Qatar, which recovered steep losses triggered the previous day by MSCI's rebalancing of its emerging markets index.

Qatar's stock index...
Dubai Chamber Examines Business Opportunities in Angola
AE >> 9/9/2013 - H.E. Abdul Rahman Saif Al Ghurair, Chairman, Dubai Chamber of Commerce and Industry, urged businesses in the emirate to move towards African markets as the continent holds significant potential for th...
FNC Discusses Draft Companies Law
AE >> 11/17/2012 - The draft commercial companies law (CCL), which aims to enhance the diversity and openness of the national economy, and to keep abreast with domestic and global economic changes by preserving a contin...
Agreement to Establish Egyptian Industrial Zone in Algeria
EG >> 10/25/2012 - Prime Minister Hisham Qandil said on 24/10/2012 that Egypt will establish an industrial zone in Algeria to produce construction materials the North African country needs. His two-day visit was meant t...
Citadel Eyes $4bn Investment in Egypt Over Three Years
EG >> 10/9/2012 - Egyptian private equity firm Citadel Capital plans to invest $4 billion or more in Egypt over the next three years and has an eye on infrastructure and energy-related projects, its chairman said on Tu...
Bilateral Foreign Trade Volume between Egypt and Italy
EG >> 9/11/2012 - Bilateral foreign trade volume between Egypt and Italy in 2011 was put at $ 5.7 billion representing 6.4% of Egypt's foreign trade volume with the world. This was announced by the Italian Ambassador t...
Tunisian President Receives Qatari Heir Apparent
TN >> 7/17/2012 - Tunisian President Dr. Mohamed Moncef Marzouki held talks with visiting Qatari Heir Apparent, H.H. Sheikh Tamim bin Hamad Al Thani on existing relations between the two countries and ways of enhancing...
Politics Hinders Aid to Arab Spring Economies
EG >> 6/27/2012 - When Saudi Arabia withdrew its ambassador to Cairo in late April, yields on Egyptian Treasury bills rose and stock prices slipped as investors feared Egypt would be cut off from billions of dollars of...
PROGAS: The Meeting Place for the Oil & Gas Industry in 2003
EG >> 9/30/2003 - PROGAS is an established event in its fifth year dedicated for Petrochemicals, Refineries, and Oil & Gas Industries. The fair presents products and services, technologies and innovations, trends and t...
Negotiations between Egypt and Sudan
EG >> 9/22/2003 - On the 17th of September 2003 the Egyptian Minister of Petroleum Eng. Sameh Fahmy received the Sudanese Minister of Mines and Energy Mr. Awad Al Jaz. The two parties discussed the cooperation protocol...

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