Oil prices fell over $1 on Tuesday, reversing Monday's rally, as expectations of US-Iran peace talks this week raised prospects of increased Middle East supply.
Brent crude dropped 1.1 per cent to $94.44 a barrel, while US West Texas Intermediate (...)
United Nations Secretary-General António Guterres appointed Rania Al-Mashat of Egypt as Executive Secretary of the United Nations Economic and Social Commission for Western Asia (ESCWA) on Monday, succeeding Rola Dashti. Mourad Wahba will continue (...)
Egypt's Prime Minister Moustafa Madbouly said on Monday discussions are currently underway with several countries to establish logistics hubs for grains and oils in Egypt.
He added that the initiative had already been discussed between President (...)
Egypt's Minister of Petroleum, Karim Badawi, met on Monday with Diego Portoghese, Head of the North Africa and the Levant Region at Eni, and Francesco Gasparri, General Manager of Eni Egypt. The meeting reviewed exploration and production activities (...)
Egypt's energy-saving plan, introduced in response to heightened regional tensions, delivered electricity savings of 18,000 megawatt-hours and reduced fuel use by 3.5 million cubic metres in its first week, Prime Minister Moustafa Madbouly said (...)
Egypt's Badr El Din Petroleum Company (BAPETCo) cuts drilling time by 10 days and saves $500,000 through advanced engineering solutions at the BED 16-33 well in the Western Desert, in cooperation with the Egyptian General Petroleum Corporation (...)
Egypt's stock market (EGX) closed in the green zone on Tuesday.
* The benchmark index, EGX30, went up by 0.32 per cent to 51,977.34 points.
* The Shariah index, EGX33, climbed by 1.01 per cent to 5,481.3 points.
* The index EGX35-LV soared by (...)
Egypt's Suez Canal Authority Chairman Osama Rabie, met on Tuesday with Wei Jianqing, Vice Chairman of Egypt TEDA Investment and General Manager of Teda China-Africa, to discuss strengthening cooperation in industrial and logistics sectors.
Rabie (...)
Egypt's Egyptian Exchange (EGX) is expanding its initial public offering programme (IPO) with the addition of six new state-owned companies, following the completion of the previous listing phase, as part of ongoing efforts to deepen market activity (...)
Egypt's General Authority for Investment and Free Zones (GAFI) approved on Sunday the country's first special investment zone with integrated customs services for the development of The Spine flagship in New Cairo.
The approval was granted to Orion (...)
Global oil prices surged more than 5 per cent on Monday as tensions between the United States and Iran escalated, raising fears that a fragile ceasefire could collapse following the US seizure of an Iranian cargo ship and continued disruption in the (...)
Egypt's stock market (EGX) closed mixed on Monday.
* The benchmark index, EGX30, went down by 1.07 per cent to 51,813.43 points.
* The Shariah index, EGX33, dropped by 0.84 per cent to 5,426.69 points.
* The index EGX35-LV fell by 1.03 per cent (...)
Egypt's Minister of Petroleum, Karim Badawi, inspected oil and gas sites and rigs in the Western Desert on Saturday, starting at the Meleiha fields operated by Agiba Petroleum Company, with Eni officials present.
He reviewed the second phase of the (...)
Egypt's Minister of Petroleum, Karim Badawi, inspected night shift operations and stayed overnight with workers on the EDC 73 drilling rig during a field tour in the Western Desert.
Badawi carried out an inspection visit to the EDC 73 rig operated (...)
Egypt's Modern Gas reported strong growth for the financial year ending 31 December 2025, with net profit rising 49.6 per cent to 209 million Egyptian pounds and revenues increasing 14 per cent to 4.169 billion pounds.
The company's Chairman, Wael (...)
The Egyptian Drilling Company (EDC) reported strong results in 2025, with revenues of around $402 million and net profit after tax of $132 million, while operational efficiency reached 98.8 per cent.
The company's Chairman, Osama Kamel, said on (...)
Egypt's stock market (EGX) closed in the green area on Sunday.
* The benchmark index, EGX30, climbed by 1.82 per cent, to 52,372.64 points.
* The Shariah index, EGX33, jumped by 1.59 per cent to 5,472.63 points.
* The index EGX35-LV soared by (...)
The Egypt's Company for Transferring and Delivering Natural Gas (Butagasco) distributed around 96 million LPG cylinders in 2025, supporting market stability and meeting local demand.
Chairman Mahmoud Saleh said the company implemented the petroleum (...)
Egypt's Cabinet Media Centre on Saturday denied reports of new electricity load-shedding measures, saying a widely circulated document outlining additional energy-saving steps is "fabricated."
The centre said the document, which it stressed was not (...)
Egypt's Minister of Supply, Sherif Farouk, reviewed the latest digital transformation progress at the Internal Trade Development Authority (ITDA) during an extensive meeting focused on improving government services and institutional efficiency.
The (...)
Oil prices held broadly steady on Thursday, reversing earlier losses as investor scepticism over potential US–Iran peace talks offset market pressure from supply disruptions.
Brent crude edged down by 26 cents to $94.67 a barrel at 0611 GMT, while (...)
Egypt's stock market (EGX) ended the week in the green zone on Thursday.
The benchmark index, EGX30 went up by 1.39 per cent to 51,437.78 points.
The Shariah index, EGX33 gained 0.46 per cent to 5,387.18 points.
The index EGX35-LV added 0.30 per (...)
Egypt and Russia held talks on strengthening cooperation in food security during a video conference on Wednesday between Egypt's Supply Minister Sherif Farouk, Bahaa El-Ghannam, executive director of the Future of Egypt Authority, and Russian (...)
Egypt's Minister of Petroleum Karim Badawi held an extensive meeting on Wednesday with heads of oil and gas production companies and international firms operating in petroleum services, technology, and drilling.
He stressed that attracting (...)
Oil prices extended losses for a second day on Wednesday as expectations of renewed US–Iran peace talks eased supply concerns tied to disruptions in the Strait of Hormuz.
Brent crude fell 0.2 per cent to $94.63 a barrel after dropping 4.6 per cent (...)