Sabry Nageh
Business A container ship passing through the Suez Canal (Suez Canal Official Website)

Maritime Disruptions Cast Shadow on Global Energy Security

As the world focuses on the Red Sea due to rising attacks on passing ships, experts warn of growing threats to the region's shipping lanes, which could…

Sabry Nageh (Cairo)
Business Technicians at a site affiliated with the Saudi TAQA company. (TAQA)

Saudi TAQA Aims to Quadruple its Investments Within 3 Years

The Saudi Industrialization and Energy Services Company (TAQA) investments will increase fourfold within three years, starting in 2023, to strengthen the…

Sabry Nageh (Cairo)
Business A 3D-printed oil pump jack is seen in front of the OPEC logo (File Photo: Reuters)

OPEC: IEA's Vision is 'Extremely Narrow'

The Organization of the Petroleum Exporting Countries (OPEC) refuted the latest report of the International Energy Agency (IEA), which sparked controversy in…

Sabry Nageh (Cairo)
Business An offshore gas platform. (Reuters)

Shell Announces Discovery of New Gas-Bearing Reservoir in Egypt

Shell Egypt announced it discovered a new gas-bearing reservoir in the Northeast el-Amriya block in Egypt’s Mediterranean Sea. The company said in a…

Sabry Nageh (Cairo)
Business The Tamar gas platform off the coast of Israel. (Chevron)

S&P Warns of Longterm Shortage in Egypt's Gas Supply

Standard & Poor's warned that the escalation of Israel's war in Gaza may leave Egypt facing a long-term shortage in gas supplies. In a report seen by…

Sabry Nageh (Cairo)
Business Egypt’s central bank in Cairo (Reuters)

Egypt: Proposal to Amend Strategy for Dealing with Debt

A member of the Egyptian parliament’s economic committee revealed a proposal to reduce monetary pressure, by addressing the debt problem, in light of the…

Sabry Nageh (Cairo)
Business An offshore gas platform of the Italian company Eni. (Getty Images)

Eni to Invest $7.7 Bn in Egypt’s Energy Sector

Eni Energy Company President Claudio Descalzi said the Italian company and its partners intend to inject new investments into Egypt over the coming four years…

Sabry Nageh (Cairo)
Business Egyptian Minister of Petroleum Tarek El-Molla during his meeting with the delegation of the Eurasian Resources Group specialized in mining. (Asharq Al-Awsat) 

Eurasian Group to Invest in Egyptian Mining Sector

The Eurasian Resources Group (ERG) - which is specialized in mining - said that it seeks to expand in Egypt in the coming period amid ongoing developments and…

Sabry Nageh (Cairo)