Business & Finance

EGAS announces bid to explore natural gas in 12 regions

The Ministry of Petroleum and Mineral Resources has recently initiated a fresh global bidding process for 2024 through the Egyptian Natural Gas Holding Company (EGAS).

This bidding aims to explore natural gas and crude oil in 12 sectors across the Me…

PM Madbouly reappoints Ahmed Elsheikh EGX chairman

Prime Minister Mostafa Madbouly issued a decree to reappoint Ahmed Elsheikh as the Egyptian Stock Exchange’s (EGX) chairman and Heba ElSerafi as the vice chairman for a one-year term, starting 26 August.

Elsheikh was appointed chairman of the EGX on …

36,000 tons of goods handled at Red Sea ports

About 36,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said.

In a statement, the RSPA said imports included 5,000 tons of goods, 432 trucks and 96 cars, while the exports included 31,00…

FM lauds strong ties with Nigeria

Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty has praised strong relations with Nigeria.

Abdelatty and his Nigerian counterpart Yusuf Tuggar, in a meeting on the fringe of Tokyo International Conference of African De…

Oil prices rise 3 percent on Middle East escalation fears

Oil prices rose about three percent today, Monday, on fears that the escalation of the situation in the Middle East would disrupt oil supplies from the region.

Brent crude futures rose $2.30, or 2.91 percent, to $81.32 a barrel, and US crude futures …

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