EGAS, Harbour Energy expand partnership to boost gas exploration at Disouq Field
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has announced a new agreement between the Egyptian Natural Gas Holding Company (EGAS) and Harbour Energy to expand exploration and production…
Suez Canal Authority urges Maersk to resume transits amid improved Red Sea security
Osama Rabie, Chairperson of the Suez Canal Authority (SCA), met on Wednesday with a senior delegation from A.P. Moller–Maersk Group to explore opportunities for renewed cooperation and a potential resumption…
Egypt’s food exports surge 21% in 2024
Egypt’s Food Export Council reported that food industry exports reached approximately $6.1bn in 2024, marking a 21% increase from 2023. The council said that frozen vegetables and fruits contributed $960m,…
ODE records 54.3% surge in Q1 2025 revenues to EGP 6.4bn
Orascom Development Egypt (ODE) reported a strong start to the year, with total revenues rising 54.3% year-on-year to EGP 6.4bn in the first quarter (Q1) of 2025. Gross profit more…
Beltone Holding reports EGP 2.8bn in revenues, EGP 703m in net profit for Q1 2025
Beltone Holding has announced strong financial results for the first quarter (Q1) of 2025, with consolidated operating revenues reaching EGP 2.8bn—a 2.2x increase year-on-year. Net profit surged to EGP 703m,…
Al-Mashat details Egypt’s economic reform progress at IDSC conference
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, on Tuesday detailed the nation's efforts to implement its National Programme for Structural Reforms and enhance macroeconomic stability. Al-Mashat…
Danish minister calls US talk of controlling Greenland “not a serious discussion
Danish Defence Minister Troels Lund Poulsen on Tuesday called discussion of potential US control over Greenland "not a serious discussion," amid reports of increased American interest in the autonomous Danish…
Trump meets Syrian counterpart in Riyadh, urges normalisation with Israel
US President Donald Trump met with his Syrian counterpart, Ahmed Al-Sharaa, in the Saudi capital Riyadh on Wednesday, urging Syria to normalise relations with Israel, a day after Washington announced…
Egypt aims to reduce external debt by $1-2bn this fiscal year: Finance Minister
Egypt's Minister of Finance, Ahmed Kouchouk, has stated that the government is targeting a reduction in external debt by $1bn to $2bn during the current fiscal year. This comes as…
Israel kills journalist in Gaza as US pushes for last-minute ceasefire deal
In a new escalation of violence targeting media workers, Israeli warplanes killed Palestinian journalist Hassan Asliha early Tuesday during an airstrike on Nasser Hospital in Khan Younis, where he was…
