March 15, 2018

SDX Energy strikes oil in Egypt's West Gharib Concession

SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made at its Rabul 5 well in the West Gharib Concession in Egypt (SDX 50% working interest and joint operator).


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Egypt to offer about $4.5 billion in state company shares in IPO program: ministry March 19, 2018

Egypt aims to offer about 80 billion Egyptian pounds ($4.55 billion) worth of shares in state companies as part of a program to IPO state enterprises on the Cairo bourse"...

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IDF in talks with Egypt to solve mobile network disruptions March 19, 2018

Israel doubts Egypt's assertion that the disruptions are needed to combat ISIS and intelligence sources see the act as a grave violation of Israeli sovereignty.


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Egypt’s sole gold-exporting mine reports high profits March 19, 2018

January profits from Egypt’s sole gold-exporting mine are making headlines in the country. According to local media, the Sukari gold mine, which is owned in equal parts by Jersey-based Centamin (TSX:CEE) (LON:CEY) and the Egyptian Mineral Resource Authority, provided $14.4 million in revenues to the latter during the first month of 2018. Citing Centamin’s......

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Egypt and UN sign Partnership Development Framework Agreement 2018-2022 March 19, 2018

Egypt and the United Nations signed in Cairo Sunday a $1.2 billion agreement focusing on inclusive economic development, social justice, women's empowerment and sustainable"...

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Egypt to issue global tender to explore oil in Red Sea March 12, 2018

Egypt’s Petroleum Ministry is in the process of issuing a global tender before the end of this year to explore petroleum wealth, including in the Red Sea.
The tender notice will be published for the exploration of petroleum products in oil reserves, including new sectors in the"...

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Egypt's Railway System Has Not Been Developed for 60 Years: Minister March 8, 2018

Retired government employees can now own their home through a real estate finance program launched in cooperation with Dar Al-Tamleek Company, according to Public Pension Agency (PPA) spokesman Fahd Al-Salih.

Retirees who are registered in the General Organization of Social Insurance"...

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