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Business
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Markets & Companies
4/23/2024 9:47:59 PM
Benchmark US crude oil for June delivery rose $1.46 to $83.36 per barrel Tuesday. Brent crude for June delivery rose $1.42 to $88.42 per barrel.
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Egypt
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Society
4/19/2024 7:05:00 PM
Next Friday, remember to set your clocks forward by one hour at midnight as Daylight Saving Time (DST), known as Summer Time in Egypt, returns for its second consecutive year.
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Egypt
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Urban & Transport
4/15/2024 4:37:00 PM
No pollution or gas or fuel leakage has been caused after the Liberian-flagged natural gas tanker moved away from the site of its standing at Egypt's Ras Nasrani area, Gulf of Aqaba, the Ministry of Environment stated on Monday.
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Egypt
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Urban & Transport
4/14/2024 6:49:07 PM
Egyptian authorities have seized a Liberian-flagged natural gas tanker that inflicted “significant damage” to coral reefs in Egypt's Ras Nasrani area, located in the Gulf of Aqaba, local reports said on Sunday.
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War on Gaza
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War on Gaza
2/21/2024 5:23:44 PM
An Israeli sabotage attack on an Iranian natural gas pipeline caused the multiple explosions that struck it a week ago, Iran's oil minister alleged Wednesday, further raising tensions between the regional archenemies amid Israel's war on the Gaza Strip.
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Egypt
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Foreign Affairs
2/10/2024 6:56:19 PM
Egypt and Bulgaria signed three agreements following the first meeting of the joint committee between both nations on Saturday, including a memorandum of understanding on cooperation in natural gas.
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War on Gaza
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War on Gaza
1/24/2024 4:09:32 PM
Qatar's liquefied natural gas (LNG) deliveries may be delayed by attacks in the Red Sea, QatarEnergy warned on Wednesday, stressing that production had not been impacted.
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War on Gaza
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War on Gaza
1/16/2024 2:33:30 PM
Liquefied natural gas shipments will be affected by tensions in the Red Sea, Qatar's prime minister said on Tuesday, warning that US and UK military strikes on Yemen risk aggravating the crisis.
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Business
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Energy
1/15/2024 8:40:11 PM
The world's second largest liquid natural gas (LNG) exporter QatarEnergy suspended LNG shipments via the Red Sea pending “security advice” due to the ongoing escalation in the Red Sea, posing a new challenge to Egypt’s Suez Canal given its close connection to the crucial international trade route.
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Business
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Economy
1/9/2024 5:00:00 PM
Egypt is set to initiate new international bids for the exploration of oil, natural gas, and gold in 2024, Minister of Petroleum and Mineral Resources Tarek El-Molla said on Tuesday.
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Egypt
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Foreign Affairs
1/3/2024 3:03:22 PM
A total of 90 trucks carrying humanitarian aid and four trucks transporting natural gas entered the Gaza Strip through the Rafah and Karm Abu Salem crossings on Wednesday, Egypt's Al-Qahera News channel reported.
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Business
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Energy
11/29/2023 1:40:26 PM
Emirati energy company Dana Gas announced plans to invest an additional $43 million in its operations in the Egyptian market over the coming year, according to CEO Richard Hall on Wednesday.
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Business
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Economy
11/21/2023 3:38:01 PM
Shell Egypt announced a new offshore natural gas discovery in Egypt’s North East El-Amriya block in the Mediterranean Sea, according to a statement on Tuesday.
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Business
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Energy
11/15/2023 2:13:35 PM
US energy giant Chevron has resumed natural gas flows through the East Mediterranean Gas (EMG) pipeline from Israel to Egypt, the company announced on Tuesday.
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Business
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Energy
11/12/2023 3:10:24 PM
TAQA Dalbit, a subsidiary of Egyptian energy company TAQA Arabia, opened in Tanzania the country’s first natural gas fueling station and conversion centre for vehicles, according to a bourse statement on Sunday.
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Business
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Economy
11/5/2023 2:41:37 PM
The Egyptian government decreased the duration of power cuts in the country from two hours to one hour after natural gas supplies increased slightly, according to media reports on Sunday.
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Business
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Economy
10/31/2023 6:13:16 PM
The state-owned Egyptian Chemical Industries Company (KIMA) reported a decline in natural gas supplies, according to a bourse statement on Tuesday.
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Business
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Energy
10/30/2023 5:04:49 PM
European gas prices have spiked steeply due to a complex of factors, including reports that Israel had stopped exporting natural gas to Egypt, which could reduce the latter country's exports of liquefied natural gas (LNG).
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Business
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Markets & Companies
10/29/2023 2:56:07 PM
Egypt’s General Authority for Investment and Free Zones (GAFI) granted four golden licences to facilitate $487 million in investments in four new projects by Samsung Electronics Egypt, Egyptian Natural Gas Company (GASCO), Fayoum for Stores and Warehouses, and EgyptSat2.
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Business
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Energy
10/26/2023 6:05:45 PM
The European Union (EU) is considering a proposal to add an electrical interconnection project between Greece and Egypt to its list of Projects of Common Interest (PCIs), which will facilitate funding and issuing permits for the project.
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