Energy News
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Harbour Energy Signs $11.2 Billion Deal For Wintershall Dea Assets
This amount includes the outstanding bonds of Wintershall Dea, with a nominal value of around $4.9 billion that will be transferred to Harbour.
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Egypt, China to produce solar power, semiconductors
The prime minister affirmed Egypt's active commitment to fostering its renewable energy industry.
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Dahab Masr, Blnk partner to create new gold investment opportunities in Egypt
Through the Blnk application, Dahab Masr’s customers will be able to purchase gold bars and coins through a variety of instalment options.
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Gold Prices in Egypt Soar, Reaching 3050 EGP per Gram
In a significant development, the price per gram of gold in Egypt reached 3050 Egyptian pounds on Sunday, December 24, 2023.
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Irrigation Min. Discusses with EBERD Rehabilitation of Kitchener Drain, Water Resources Management
The project components include implementing protection and strengthening works for the bridges of the Kitchener Bank and its branches.
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President El-Sisi Follows up on Green Hydrogen Production Projects
The strategy aims for Egypt to become one of the leading countries in the low-carbon hydrogen economy in the world.
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Egypt's PM reviews proposal to extract minerals from seawater desalination projects
This comes in light of the expansion of seawater desalination projects during the current stage.
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Egyptian 21-carat gold price to surpass EGP 3,000 by mid-2024
Dahab Masr projects that the price of 21-carat gold in Egypt will cross EGP 3,000 before mid-2024, as indicated in their technical analysis report.
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Saudi Arabia’s ACWA Power signs $4B green hydrogen deal in Egypt
The second phase of the project could produce 2 million metric tons per year, the statement said, without providing details on the timeline.
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Egypt says talks over Grand Ethiopian Renaissance Dam have failed
Egypt has long opposed the project because of worries about its future supplies of water from the Nile, on which it is heavily dependent.
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Mastercard, Masria Digital Payments launch 1st carbon calculator in Egypt
Global e-payment giant Mastercard has partnered with Egyptian Masria Digital Payments company (MDP) to launch a carbon calculator in Egypt.
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Oil Rises to Highest Level in Two Weeks amid Red Sea Shipping Concerns
The recent escalation in attacks by the Iranian-backed Houthi group in Yemen has fueled a rise in oil prices.
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Centamin raises estimate for Egypt’s Sukari gold mine reserves by 10%
Global gold mining company Centamin has raised its estimates of gold reserves in Egypt's largest producing mine by 10 percent.
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Egypt Signs MoU with Romania's “CIS” to Support Implementing Natural Gas Networks
The memorandum of understanding was signed by Mohamed Fathi, Chairman of Town Gas, and the General Manager of the Romanian CIS Gaz Company.
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Egypt extends contract with Lukoil for Eastern Desert oil concession
Egypt extends Lukoil's contract for the West Esh El-Milaha oil field, boosting production and attracting significant foreign investment.
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Egypt’s petroleum imports shrink 11.4% in September: CAPMAS
Egypt’s petroleum imports, including crude oil and oil products, dropped 11.4 percent to $1.06 billion in September from $1.2 billion in August.
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Maryzad Plans Logistics Center For Solar Projects In Egypt And Neighboring Regions
The Chairman of Maryzad Solar Co., Amr Baybars, revealed plans for the center, to be launched in the Suez Canal Economic Zone,.
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EFG Holding aims to raise $300m in Vortex 4’s second funding round
The source indicated that the fund’s total size is expected to surpass $500m post-second closing, with a focus on attracting Gulf sovereign funds.
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Saudi-led consortium secures major service contract with Egyptian Petroleum Corporation
Saudi-led consortium signs 10-year contract with EGPC to boost production in Egypt's SUCO and OSOCO oil fields.
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Majid Al Futtaim And engazaat Collaborate For 20+ Megawatts Of Solar Power Across Egypt And Lebanon
engazaat’s solar plants will generate 737 million kilowatt-hours of clean electricity over the project’s lifetime.