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Israeli occupation strike kills 3 members of PFLP in Beirut
An airstrike launched by the Israeli occupation hit an apartment in the Cola area in Beirut, Lebanon, targeting and killing three members of the Popular Front for the Liberation of Palestine (PFLP), according to the Lebanese National News Agency (NNA…
Kuwait’s August crude oil exports to Japan down 18.1 pct
Kuwait’s crude oil exports to Japan fell 18.1 percent in August from a year earlier to 3.84 million barrels, or 124,000 barrels per day (bpd), down for the 11th consecutive month, government data showed Monday. As Japan’s third-biggest oil provider, …
Tokyo stocks end with third-biggest loss this year
Tokyo stocks plunged on Monday, sending a key index to end with this year’s third-biggest daily loss following the ruling Liberal Democratic Party’s presidential election on Friday. The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (…
PM follows up on updates on combating electricity theft and energy cooperation
During a recent meeting convened by Prime Minister Mustafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Essmat reported that efforts to tackle electricity theft have led to the recovery of around LE 1.2 billion within a month and a h…
Egypt affirms timely payments of oil foreign partners’ dues
The Egyptian programme for paying dues to foreign partners in petroleum sector is on track, with regular payments set to continue from October, Minister of Petroleum and Mineral Resources Karim Badawy affirmed on Monday 30/9/2024.
Badawy further high…
Central Bank of Egypt to launch investment guarantee agency for Africa Tuesday
The Central Bank of Egypt (CBE) will launch an investment guarantee agency for Africa tomorrow, Tuesday 1/10/2024, with a capital of $50m, the Deputy Minister of Foreign Affairs and Emigration, Ambassador Abu Bakr Hefny, said. The agency will be the f…
John Cockerill joins $900m green ammonia project in Egypt
John Cockerill, a global company, is set to enter into a partnership with Scatec and other companies to implement a green ammonia production plant in Damietta, Egypt, with an investment exceeding $900 million.
During a meeting with Egypt’s Petroleum …
PM monitors efforts to secure petroleum supplies for power plants
Prime Minister Mostafa Madbouly held a meeting on Monday 30/9/2024 to discuss efforts to ensure a consistent supply of petroleum products for power plants.
Attending the meeting were Minister of Electricity and Renewable Energy Mahmoud Essmat, Minist…
New measures to support Egypt’s industry, exports
Industrial Development and Minister of Industry and Transport, Kamel El-Wazir, announced on Monday 30/9/2024 that centralised distribution of mazut to building materials factories shall start on October 1st.
The Ministerial Group for Industrial Devel…
FM: Israel aggression on Gaza ‘absolute shame’ on int’l community
Minister of Foreign Affairs Badr Abdelatty condemned Israel’s ongoing year-long war on Gaza and its aggression on the West Bank, describing it as an ‘absolute shame’ on the international community and its institutions, which have been unable to put an…
