Egypt's Talaat Moustafa Group Holding (TMG) estimates a potential large-scale, mixed-use project in Iraq could generate total sales of around $17bn and annual recurring income exceeding $1.5bn upon completion, the company confirmed as it pursues (...)
Oil prices extended gains on Thursday as tighter supply prospects emerged following new US sanctions targeting Iranian oil exports and additional output cuts from some OPEC members. Brent crude rose 56 cents to $66.41 a barrel, while US West Texas (...)
Egypt's Minister of Industry and Transport Kamel El Wazir met with Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser to discuss strengthening bilateral cooperation, as per a Cabinet statement.
El Wazir outlined Egypt's (...)
The Organisation of the Petroleum Exporting Countries (OPEC+) has received revised oil output compensation plans from eight member countries that surpassed their voluntary production quotas under the OPEC+ agreement, the group announced on (...)
Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Saudi Minister of Transport and Logistic Services, Saleh Al-Jasser, during an official visit to the Kingdom, to advance (...)
OPEC+ members Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability and an improved oil market outlook during a virtual meeting on 3 April 2025.
The group confirmed its decision to (...)
Egypt's Middle East Oil Refining Company (MIDOR) significantly increased its production in 2024, refining over 46 million barrels compared to 29 million barrels in 2023, according to Chairman Amr Lotfy's statements during the company's General (...)
Mohamed El-Shimy, Minister of Public Enterprises, and Ali El-Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA), conducted an extensive field visit to subsidiaries of the Holding Company for Pharmaceuticals, Chemicals, and Medical Supplies. (...)
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, underscored Petrojet's pivotal role in executing large-scale energy and infrastructure projects both in Egypt and internationally.
Speaking at the company's general assembly meeting, (...)
Egypt is set to host the 24th edition of the Arab Junior and Ladies Golf Championship from 7-10 May, the Egyptian Golf Federation has announced. The tournament, sponsored by the Arab Golf Federation, will take place at both Madinaty Golf Club and (...)
Egypt's House of Representatives approved Presidential Decree No. 70 of 2025, endorsing amendments to the European Bank for Reconstruction and Development's (EBRD) establishment agreement, allowing the bank to expand operations into sub-Saharan (...)
The Egyptian House of Representatives has approved an amendment to the European Bank for Reconstruction and Development's (EBRD) establishment agreement, paving the way for the bank to expand its operations into sub-Saharan Africa and Iraq.
The (...)
The Engineering Export Council of Egypt (EECE), led by Sherif El-Sayyad, announced that engineering exports increased by 42% in January 2025, reaching $526.2m compared to $371.4m in January 2024. El-Sayyad emphasized that this strong start to the (...)
Edita Food Industries S.A.E. has announced a milestone year, with revenues soaring 33.2% year-on-year (y-o-y) to reach EGP 16.1 billion in 2024. The company's strategic diversification, successful pricing strategies, and regional expansion efforts (...)
Syria's Defence Ministry has formed an emergency committee to investigate alleged violations by its forces during recent military and security operations in the coastal region, a ministry source told state news agency SANA on Saturday. Those found (...)
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, said the country's "macroeconomic framework is now more predictable," allowing the government to meet its objectives while reinforcing structural (...)
Egyptian Foreign Minister Badr Abdel Aty reaffirmed Egypt's support for Iraq's security and stability. He praised the notable progress in Egyptian-Iraqi relations in recent years, the Egyptian Foreign Ministry reported on Monday.
During his meeting (...)
Egypt will host an extraordinary Arab summit in Cairo on Tuesday to discuss developments in the Gaza Strip, with a focus on reconstruction and the establishment of an independent Palestinian state. The summit follows Egypt's recent diplomatic (...)
Afghanistan has exported approximately 296,000 tons of fresh fruits worth more than $143 million in the past 11 months, the Ministry of Commerce and Industry's Spokesman Akundzada Abdul Salam Jawad announced on Sunday.
The official stated that the (...)
Egypt and Iraq have reaffirmed the importance of implementing the Gaza ceasefire agreement in all its phases. They also emphasised the need to exchange prisoners and detainees and to facilitate the entry of humanitarian aid into the enclave.
During (...)
Egyptian President Abdel Fattah Al-Sisi on Tuesday met with Ammar Al-Hakim, head of the Iraqi National Wisdom Movement, and Annita Demetriou, President of the Cypriot House of Representatives, to discuss regional stability and bilateral (...)
Oil prices declined on Monday as Iraq prepared to resume Kurdistan's oil exports, while markets watched Russia-Ukraine peace efforts. Brent fell to $74.29 per barrel, and US West Texas Intermediate (WTI) dropped to $70.18, extending last week's (...)
US President Donald Trump has nominated Dan Caine as the next Chairperson of the Joint Chiefs of Staff in a surprise move. The choice of the retired three-star general may stem from their initial meeting in Iraq in 2018, according to Reuters.
Trump (...)
تعرف على القنوات الناقلة لمباراة الريان واستقلال طهران في دوري أبطال آسيا للنخبة والموعد المقرر لها، خلال لقاءات البطولة الآسيوية 2024/2025.
ويحتضن ملعب «أحمد بن على المونديالي» مباراة الريان القطري واستقلال طهران، خلال لقاءات الجولة الثامنة، من عمر (...)
Iraq's central bank will prohibit five more local banks from US dollar transactions following meetings with US Treasury officials in Dubai, aiming to curb money laundering and dollar smuggling, sources told Reuters.
The decision follows last year's (...)
