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Egypt Begins Operation of Zohr Offshore Gas Field

Egypt’s petroleum ministry announced on Saturday that the offshore Zohr gas field was now live. (AFP)
Egypt’s petroleum ministry announced on Saturday that the offshore Zohr gas field was now live. (AFP)
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Egypt Begins Operation of Zohr Offshore Gas Field

Egypt’s petroleum ministry announced on Saturday that the offshore Zohr gas field was now live. (AFP)
Egypt’s petroleum ministry announced on Saturday that the offshore Zohr gas field was now live. (AFP)

Egypt’s petroleum ministry announced on Saturday that the offshore Zohr gas field was now live.

The gas field, located in the Mediterranean, will produce an initial 350 million cubic feet per day, it said.

Discovered in 2015 by Italy’s Eni, the field contains an estimated 30 trillion cubic feet of gas.

Egypt has been seeking to speed up production from recently discovered fields, with an eye to halting imports by 2019 and achieving self-sufficiency.

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Non-Profit Sector Revenue in Saudi Arabia Reaches $14.5 Billion in 2023

The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA
The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA
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Non-Profit Sector Revenue in Saudi Arabia Reaches $14.5 Billion in 2023

The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA
The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) has said that the total revenue of non-profit sector organizations in the Kingdom amounted to SAR54.4 billion ($14.5 Billion) in 2023, marking a 33% increase compared to 2022.

The results, shown in the Non-Profit Sector Bulletin for 2023, indicated that health-related activities recorded the highest growth rate compared to the previous year, contributing 70% of the total revenue of the non-profit sector organizations, followed by education and research activities with a 53% increase, and volunteer brokerage and promotion activities with a 36% rise. These activities were the main contributors to the total revenue of non-profit organizations.

The bulletin also revealed that total expenditures of the non-profit sector reached SAR47 billion in 2023. Health-related activities represented the highest expenditure category, showing a 74% increase, followed by education and research activities with a 55% rise, and environmental activities with a 34% increase compared to 2022. These activities were the leading contributors to the total expenditures of non-profit organizations.

The figures also underscored the relative contribution of employed individuals to key activities within the non-profit sector in 2023. Cultural and entertainment activities led with a 27.6%, followed by social services activities at 27.2%, development and housing activities at 12.4%, health activities at 11.5%, and education and research activities at 7.5%. The remaining non-profit sector activities accounted for the remaining 13.8%.