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Business
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Energy
9/25/2022 6:29:39 PM
German Chancellor Olaf Scholz planted a tree at a mangrove park in the United Arab Emirates on Sunday, a token nod to environmentalism during a two-day visit to the Gulf region focused mainly on securing new fossil fuel supplies and forging fresh alliances against Russia.
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World
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Region
9/25/2022 5:07:09 PM
The United Arab Emirates agreed Sunday an 'energy security' agreement with Germany to supply liquefied natural gas and diesel as Berlin searches for new power sources to replace Russian supplies.
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War in Ukraine
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Economy
9/19/2022 2:46:29 PM
Chancellor Olaf Scholz will visit Saudi Arabia and meet Saudi Crown Prince Mohammed bin Salman as part of a Gulf trip, his spokesman said Monday, as Germany rushes to secure energy supplies.
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Business
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Energy
9/12/2022 11:33:00 AM
Germany will fall into recession next year, a leading think-tank warned Monday, with Europe's biggest economy facing soaring inflation as Russia slashes energy supplies.
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War in Ukraine
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Economy
9/7/2022 3:43:38 PM
Russia will stop delivering oil and gas supplies to countries that introduce price caps, President Vladimir Putin said Wednesday.
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Business
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Energy
9/6/2022 4:19:26 PM
Egyptian Minister of Oil and Mineral Wealth Tarek El Mollah said Egypt is seeking to build strong partnerships and constructive regional cooperation in the field of natural gas to support its role in being a hub for gas supplies from eastern the Mediterranean to the European Union and achieve the optimum economic benefit from the infrastructure and facilities available in the country.
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Business
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Energy
9/5/2022 3:52:07 PM
OPEC and allied oil-producing countries, including Russia, cut their supplies to the global economy by 100,000 barrels per day, underlining their unhappiness with crude prices that have sagged because of recession fears.
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Egypt
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Foreign Affairs
9/5/2022 1:56:00 PM
Egypt has launched a relief land bridge of 90 trucks carrying foodstuffs, medicines, and medical aid to flood-hit Sudan as per directives by Egyptian President Abdel-Fattah El-Sisi.
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War in Ukraine
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Economy
9/4/2022 2:16:33 PM
The German government on Sunday unveiled a new multi-billion euro plan to help housesholds cope with soaring prices, and said it was eyeing windfall profits from energy companies to help fund the relief.
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World
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International
9/4/2022 9:36:44 AM
Pakistan appealed Saturday to the international community for an "immense humanitarian response'' to unprecedented flooding that has left at least 1,265 people dead. The request came even as planes carried supplies to the impoverished country across a humanitarian air bridge.
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War in Ukraine
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Economy
9/3/2022 2:52:11 PM
EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures.
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War in Ukraine
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Economy
9/2/2022 4:34:18 PM
Russia's Gazprom looked set to resume gas supplies to Europe via Nord Stream 1 this weekend, data from the pipeline operator showed Friday, after a halt that fuelled an energy crisis.
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War in Ukraine
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Economy
8/25/2022 7:05:49 PM
European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies, while equities rose on the eve of a key speech from Federal Reserve chair Jerome Powell.
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World
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International
8/24/2022 4:26:25 PM
Italy's push to rapidly reduce its dependence on Russian natural gas has made the country less vulnerable to an interruption of supplies, Premier Mario Draghi said Wednesday, noting that the country has stockpiled 80% of its capacity of gas reserves ahead of winter and is on track to hit 90% by October.
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War in Ukraine
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Economy
8/18/2022 2:39:04 PM
Chancellor Olaf Scholz said on Thursday that Germany would temporarily slash the sales tax on gas to help consumers facing soaring bills amid a crunch in Russian energy supplies.
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Business
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Energy
8/16/2022 6:26:12 PM
European gas prices surged to a six-month peak on Tuesday, exacerbating recession fears as the region faces the prospect of rationing following cuts to Russia supplies amid the war in Ukraine.
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Business
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Markets & Companies
8/8/2022 1:32:35 PM
Contact Factoring, a subsidiary of Contact Financial Holding and a non-banking financial services provider in Egypt, signed an agreement for EGP 125 million with OneOrder, an online one-stop shop that provides food supplies to hotels, restaurants, and coffee shops.
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War in Ukraine
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Economy
8/8/2022 12:25:32 PM
The first of the ships to leave Ukraine under a deal to unblock grain supplies amid the threat of a global food crisis arrived at its destination in Turkey on Monday.
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War in Ukraine
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Economy
8/3/2022 11:11:03 PM
German Chancellor Olaf Scholz on Wednesday raised the possibility of keeping nuclear plants going as he accused Russia of blocking the delivery of a key turbine to throttle gas supplies to Europe.
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Business
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Energy
8/3/2022 3:59:09 PM
The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower pace than in previous months at a time of high oil prices and unstable energy supplies exacerbated by the war Russia has waged on Ukraine.
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