Oman and Iran plan temporary Hormuz shipping corridor as Trump declares waterway cleared of mines
Oman and Iran have agreed on a phased framework to establish a temporary joint shipping corridor through the Strait of Hormuz and launch a joint project to clear the waterway…
Egypt targets doubling oil, condensate output as $4bn refinery projects advance
Egypt is targeting a doubling of crude oil and condensate production under a five-year energy strategy while advancing six refinery projects with investments exceeding $4bn, the presidency said. President Abdel…
Egypt’s supply minister reviews $278m bioethanol venture as state eyes joint entity with Italian firms
Egypt’s Minister of Supply and Internal Trade Sherif Farouk discussed the advancement of a $278m project to produce bioethanol from sugarcane bagasse during talks with Italian firms Proger and Drexel,…
Egypt urges legally binding global drought protocol ahead of COP18 presidency
Egypt has called for a legally binding international protocol on drought, warning that land degradation, desertification and drought are no longer solely environmental challenges but direct threats to water and…
Masar Expo, MSXPO launch Saudi Franchise Live digital exhibition
Masar Events for Exhibitions and Conferences (Masar Expo) has partnered with MSXPO, a digital and virtual exhibition technology company, to launch Saudi Franchise Live, a dedicated digital exhibition designed to…
Egypt and France’s Thales seek to expand joint defence manufacturing and exports
Egypt is seeking to expand its industrial partnership with French defence and technology group Thales to localise advanced manufacturing, increase local components, and target external export markets, Minister of State…
Industry Ministry studies ‘Qeema’ certification to link incentives to industrial performance
Egypt’s Ministry of Industry is studying the introduction of a new industrial assessment mechanism, known as the “Qeema” Certificate, which would link government incentives and benefits to the performance ratings…
Egypt contains oil spill after pipeline leak off South Sinai coast
Egypt’s Ministry of Local Development and Environment said it had contained an oil spill that stretched for around three kilometres off Ras Badran near Abu Redis in South Sinai and…
Egypt seeks to boost tourism investment, hotel capacity in Matrouh
Egypt’s Minister of Tourism and Antiquities Sherif Fathy and Matrouh Governor Mohamed El-Zamlout met with tourism investors in the governorate to explore investment opportunities, maximize the use of Matrouh’s tourism…
FRA vows strict enforcement of customer data verification rules in non-banking finance
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), stressed that the Authority will show no leniency towards violations of its regulatory rules governing the verification of customer data across…