Egypt

UAE, Egypt to develop major green hydrogen project in Mauritania

The UAE is interested in Africa green hydrogen potential, but the lack of development in the country could prove challenging.

El-Molla, Eni official discuss accelerating oil fields development

Petroleum Minister Tarek Molla had talks on Tuesday with Guido Brusco, Chief Operating Officer of Natural Resources on Eni, on means of accelerating the implementation of plans for developing oil fields to increase production.

Egypt: SDX Energy announces reconstitution of South Disouq disposal transaction

SDX Energy has announced that, at the request of the Egyptian Natural Gas Holding Company, its wholly owned subsidiary, Sea Dragon Energy (Nile) B.V., and Energy Flow Global Limited have reconstituted the transaction announced on 1 February 2022.

Egypt Gas’ profits exceed EGP 301m in 2022; dividends proposed

Egypt Gas achieved net profits after tax worth EGP 301.18 million in 2022, higher by 82% year-on-year (YoY) than EGP 165.82 million.

Kima sees higher profits at nearly EGP 604.5m in H1-22/23

Egyptian Chemical Industries (Kima) witnessed an 82% hike in net profit after tax to EGP 604.44 million during the first half (H1) of fiscal year (FY) 2022/2023, versus EGP 331.23 million in H1-21/22

Ataqa’s profits near EGP 235m in 2022

Misr National Steel (Ataqa) generated net profits after tax worth EGP 234.72 million in 2022, an annual surge from EGP 100.44 million.

Elsewedy Electric posts EGP 5.75bn consolidated profits in 2022; dividends unveiled

Elsewedy Electric Company logged consolidated net profits after tax worth EGP 5.75 billion in 2022, an annual leap from EGP 3.86 billion, including non-controlling equity.

Saudi Arabia’s Bahri inks deal with Egypt’s Suez Canal Authority to establish maritime transport cooperation

Saudi Arabian national shipping company Bahri has signed a memorandum of understanding with the Suez Canal Authority to create an Egyptian joint-stock company for maritime transport.