EGP30 Billion Allocated for Developing Public Petroleum Companies in 2022/23

• Sunday, 16th January 2022
• by Fatma Ahmed

The Minister of Petroleum and Mineral Resources Tarek El Molla has announced that Egypt allocated EGP 30 billion, for the first time, for new investments by the petroleum companies affiliated to the public sector in t...

Egypt’s Electricity Ministry Faces liquidity Issues

• Wednesday, 8th February 2017
• by Dr. Mahinaz El-Baz

The Egyptian Electricity Ministry is looking to collect the EGP 1.2b in overdue power bills owed by public sector companies as its monetary shortages have been hindering it to follow up with its existing commitments a...

Saudi Plans Delayed as Credit Rating Drops with Oil Prices

• Sunday, 1st November 2015
• by Egypt Oil & Gas

Saudi Arabia’s cabinet has deferred for further study a decision on limiting the private sector work week to 40 hours, reported Trade Arabia. The Labour Ministry made the announcement on Twitter late on Thursday...