The Egyptian government approved a draft bill that would settle over 6,000 tax dispute cases worth about EGP 47b ($5.29b), in addition to 150 civil disputes. The total value of uncollected tax arrears has reached EGP ...
Egypt’s foreign-currency reserves dropped by 11% in July and net international reserves reached $15.5b, after authorities repaid about $2b in debt. This is the biggest drop in FX reserves that Egypt has faced in 16 y ...
The MENA region is forecast to become the world’s second-largest gas-importing area by 2040, as the countries invest around $10.3b in LNG-importing facilities.
'The International Monetary Fund (IMF) is a trap meant to drown Egypt in foreign loans and if Egypt accepts it, the country may soon declare bankruptcy,' said Ibrahim Zahran, a petroleum expert, in an exclusive inter ...
In an Interview with Bloomberg, Eni's CEO, Claudio Descalzi, stated that the company is keeping balance by lowering costs to the level of $20 per barrel.
GASCO studies a project to transport gas from Raven field in the North of Alexandria worth $105m and investing $500m in the second phase of a project to boost ethane-propane production in Western Desert.
Fifty workers at Weatherford Egypt, an energy service company, staged a sit-in protest in front of the company's headquarter in Cairo, raising objections to a recent decision by the company to terminate their employm ...
Egypt and France have signed a grant agreement worth $76.5m to be allocated to gas-to-homes projects, according to the Ministry of International Cooperation's official website.