Minister of Petroleum and Mineral Resources Karim Badawi has visited the production facilitation platform of the North Safa marine field in the Gulf of Suez’s Northeast Ramadan concession area, which belongs to GUPCO and the Emirati company Dragon.
B…
Housing Minister Sherif El Sherbini said Ras El-Hekma project comes as part of Egypt’s efforts to develop the North Coast to place it on the global tourism map.
Such development projects will achieve substantial benefits for residents, opening new av…
Irrigation Minister Hani Swailem asserted that the Irrigation Ministry is exerting great efforts before and during the period of maximum water need to guarantee the delivery of water to all its beneficiaries.
The ministry is keen on providing water l…
Minister of Finance Ahmed Kouchouk stressed that despite the indicators that the global economy is witnessing a state of stability, there are still varying levels of recovery and that global economic challenges still represent severe pressures on emer…
Cairo, The Gulf of Suez Petroleum Company (GUPCO) is planning to drill five new wells in North Safa and Al Wasl oil fields in the Gulf of Suez to develop oil reserves that exceed 100 million barrels and increase oil production to 15,000 barrels per da…
Rania A. Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, met with H.E. Faisal F. Alibrahim, Saudi Minister of Economy and Planning, at the G20 Development Ministerial Meeting in Rio de Janeiro, Brazil. The…
Manama, Bahrain All Share Index has closed at 1,975.11 points, marking a decrease of 3.15 points below the previous closing.
This decrease was due to the drop in the financial and industrial sectors.
Bahrain Islamic Index closed at 823.30 points, ma…
The Egyptian government raised Thursday prices of Octane 80 from EGP 11 to EGP 12.25; Octane 92 from EGP 12.5 to EGP 13.75; Octane 95 from EGP 13.5 to EGP 15.5; and Diesel from EGP 10 to EGP 11.5.
The government set the Kerosene price at EGP 11.5, an…
Manama, Mazad a local portfolio company of Bahrain Mumtalakat Holding Company “Mumtalakat”, announced its strategic partnership with Kanoo Real Estate, a subsidiary of the Yusuf bin Ahmed Kanoo Group, one of the region’s prominent and influential busi…
The Ministry of Finance signed today, Thursday, an amendment to the agreement to extend financing loans granted by the German Development Bank (KFW) for a number of development projects, where the amendment was signed between the Minister of Finance, …
Aqaba:The city of Aqaba is gearing up to welcome runners and visitors on December 4 for the Ayla Red Sea Half Marathon, a major event aimed at enhancing the city’s tourism appeal and reinforcing its status as a hub for sports tourism.
According to J…
