Business & Finance

Oil prices stabilize after days of losses

Oil prices witnessed a slight rise on Wednesday, recovering some gains after a series of continuous losses over the days, thanks to the decline in concerns about the conflict in the Middle East and lower expectations about Chinese demand.

Brent crude…

Iraq is the fourth largest oil exporter to China during the month

The Chinese Customs Administration announced today, Wednesday, that Iraq ranked fourth among the largest oil exporters to China during the month of July.

The Administration showed, in its statistics, that “Iraq’s oil exports to China during the month…

Al-Mashat Launches High-Level Talks with Development Partners

‘Coordinating with international partners is critical to aligning future priorities with the state’s investment plans,’ stated H.E. Dr. Rania A. Al-Mashat.

The integration of the Ministries of Planning and International Cooperation creates a synergy …

Oil prices fall as supply concerns ease

Oil prices fell on Tuesday after concerns about supply disruptions in the Middle East eased.

Brent crude prices fell 12 cents, or $2.02, or 0.15%, to $77.54. US West Texas Intermediate (WTI) crude futures for the nearest month, which expire on Tuesda…

Egypt govt. pledges financial boost for petroleum sector

Egypt’s Finance Minister Ahmed Kouchouk has outlined a comprehensive plan to bolster the petroleum sector with essential financial resources.

The strategy, unveiled during a recent meeting chaired by Prime Minister Moustafa Madbouly on Tuesday, aims …

Petroleum Minister Backs Petronas and Shell’s Joint Efforts

Minister of Petroleum and Mineral Resources Karim Badawi has met with Hany Esmat, the CEO and Country Head of Operations at Petronas Egypt, where they discussed the joint projects and investment for developing natural gas production through the two pr…

Egypt, EU to implement pound 8M program to support industry

The Egyptian government has entered into an pound 8 million agreement with the European Union (EU) under the EU Tigara program, aimed at bolstering trade, industry, growth, and swift market access.

This initiative, as per the Ministry of Planning and…

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