September 14, 2021

Elsewedy Electric acquires 99.25% stake in International Cables

ArabFinance: Elsewedy Electric (SWDY) has completed the acquisition transaction of a 99.25% stake in International Cables Co at a value of EGP 410......

September 13, 2021

Egypt to export gas to Lebanon via Jordan

CAIRO: Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla said he expects the supply of Egyptian gas to Lebanon to begin within......

September 11, 2021

Schlumberger New Energy Enters into Agreement with EnerVenue for Metal-Hydrogen Stationary Energy Storage Solutions

- Schlumberger New Energy announced today an investment and collaboration agreement to deploy EnerVenue’s uniquely differentiated nickel-hydrogen......

September 9, 2021

Refocus on green goals and climate change strategies: ICF

World leaders must unite and grab the unique opportunity presented by a post-Covid world to refocus on green goals and climate change strategies......

September 9, 2021

Egypt hopes to help Lebanon overcome energy crisis soon, minister says

Egypt's petroleum minister said today he hoped to export Egyptian gas as soon as possible to Jordan to generate power that will supply Lebanon,......

September 8, 2021

Egypt plans to conclude oil, gas deal with UAE company

Egypt has said it intends to conclude an agreement with the UAE’s Dragon Oil Co. to increase oil and gas production. Tarek El-Molla, Egypt’s......

September 8, 2021

Cairn Energy to finalize Shell Egypt acquisition by end-September

ArabFinance: Cairn Energy and partner Cheiron expect to finalize its takeover of Shell Egypt’s onshore oil and gas assets by the end of September,......

September 2, 2021

Egypt planning new $5bn petrochemical complex, Ministry says

RIYADH: Egypt is considering building a huge $5 billion petrochemical complex in the industrial zone of New Alamein, Minister of Petroleum and Mineral......

August 30, 2021

Orascom Construction's second-quarter profit jumps 143% on revenue and order backlog

Egypt-based Orascom Construction reported that its second-quarter net income jumped by about 143 per cent as revenue and new orders grew despite......

August 26, 2021

Siemens Energy supports Egypt to develop Green Hydrogen industry

Siemens Energy has signed a memorandum of understanding with the Egyptian Electricity Holding Company to jointly develop hydrogen-based industry......