SCA, Anchorage to build $6bn petrochemical plant in Ain Sokhna The Suez Canal Authority (SCA) and Anchorage Investments have signed... Businessmen Team 21 Dec 2025 The project will be located on SCA-owned land in Ain Sokhna, northwest of the Gulf of Suez. The fir...
Japanese giant Sumitomo eyes Egypt expansion Egypt's Ambassador to Japan, Ragui El-Etreby, met with leaders of... Businessmen Team 16 Dec 2025 The meeting focused on leveraging the structural reforms and promising opportunities within the Egy...
Egypt, Pico Petroleum sign $30M deal for Suez Gulf exploration The Egyptian General Petroleum Corporation (EGPC) and Pico Petroleum have... Businessmen Team 08 Dec 2025 The Cabinet Media Center stated the agreement represents a successful model for partnership with th...
GUPCO announces new oil discovery in Gulf of Suez Ministry of Petroleum and Mineral Resources announced a new oil... Businessmen Team 26 Nov 2025 The discovery follows the successful drilling of the exploratory well, "Northeast Ramadan Crystal."...
Egypt, Russia expand tourism, industrial ties Egypt and Russia discussed opening new travel destinations for Russian... Businessmen Team 22 Sep 2025 Russian Deputy Minister of Industry and Trade Roman Chikushov announced that Moscow and Cairo have...
SCA Chairman: Suez Canal operations continue despite dredger incident Navigation through the Suez Canal remains regular in both directions... Businessmen Team 02 Jul 2025 Admiral Osama Rabie confirmed that the incident, which occurred off Gabal El-Zeit at the entrance o...
Oil, gas discoveries in Western Desert and Gulf of Suez Within the framework of the Ministry of Petroleum and Mineral... Businessmen Team 13 May 2025 Khalda Petroleum Company achieved the South NUT-1 gas and condensate discovery in the Western Deser...
500-megawatt wind farm project launched in Gulf of Suez Prime Minister Dr. Moustafa Madbouly witnessed today, Wednesday, the signing... Businessmen Team 19 Mar 2025 The signing ceremony was attended by Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energ...
Dragon Oil finds oil in East Crystal 1 well in Gulf of Suez The Ministry of Petroleum and Mineral Resources announced today, Wednesday,... Businessmen Team 29 Jan 2025 Preliminary test results of the Hawara layer, extending 16 feet, showed a daily production of more...
Acwa Power secures $700 million fund for Egyptian wind farm Acwa Power, a leading Saudi energy developer, has secured financing... Businessmen Team 31 Dec 2024 Acwa Power, which holds a 70% stake in the project company, said a group of development financial...
IBR eyes production boost in Western Desert, Gulf of Suez Petroleum and Mineral Resources Minister Engineer Karim Badawy met with... Businessmen Team 20 Nov 2024 The Ministry of Petroleum clarified that the meeting explored avenues for expanding the company's...
Egypt, UAE collaborate on AI-powered oil reservoir management Ministry of Petroleum and Mineral Resources and Dragon Oil, a... Businessmen Team 09 Nov 2024 The agreement was signed by Minister of Petroleum Karim Badawy, and Engineer Ali Rashid Al Jarwan,...
