Agiba Petroleum Company, the joint venture between the Egyptian General Petroleum Corporation (EGPC) and Italy’s Eni, has commenced production from the newly discovered Arcadia West field in Egypt’s ...

The Egyptian government has successfully issued its second sovereign sukuk, compliant with Islamic Sharia principles, with a total value of $1 billion. The sukuk was offered as a private placement ...

These awards are expected to attract approximately $245 million in new investments and lead to the drilling of at least 13 exploratory wells during the respective exploration periods.

This comes as part of the government’s broader effort to stabilize industrial output and support economic resilience amid regional tensions.

Egypt issued $1 billion worth of sukuk (Islamic bonds) in favor of Kuwait last Thursday, with the settlement scheduled for Tuesday, according to a government source speaking to Enterprise. The ...

U Consumer Finance S.A.E., known under the trademark Valu, a subsidiary of EFG Holding, and EFG Holding are pleased to announce that Amazon has agreed to exercise its ...

Between January and April 2025, remittances also rose significantly by 72.3% year-on-year, totaling around $12.4 billion, up from $7.2 billion in the corresponding period last year.

Prime Minister, Mostafa Madbouly, said that the government plans to operate three regasification vessels starting from early July, with a total capacity of 2.25 billion cubic feet per day, during his ...

Madbouly announced that the government is taking proactive steps to secure the country's natural gas needs by continuing to enhance the infrastructure for receiving imported liquefied natural gas (LNG ...

Prime Minister Mostafa Madbouly began a key inspection tour on Saturday with a visit to the National Control Center for the Natural Gas Network, where he reviewed the system’s readiness to meet rising ...

Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, reaffirmed Egypt’s commitment to positioning itself as a platform for international investment and ...