Hala Sakr appointed as member of EGX board of directors
The board of directors of the Egyptian Stock Exchange (EGX) approved the appointment of Hala Sakr, managing director of Barclays Bank Egypt, to the...
EBRD provides $25m loan to Elsewedy unit
The European Bank for Reconstruction and Development (EBRD) said that it will provide a $25 million loan to the Egyptian copper rods manufacturer United...
El Molla Inspects Dahshur Gas Compressor Station’s Expansion Work
Minister of Petroleum and Mineral Resources Tarek El Molla has inspected the progress of work in the new interchange control center for...
Egypt central bank to cancel $100,000 individual bank transfer limit
Egypt’s central bank governor Tarek Amer said last week that the central bank will “soon” cancel a $100,000 limit on individual bank transfers. Under currency...
China’s Honghua wins Iraq drilling services contract
China-based Honghua Group, a leading global land drilling rig manufacturer, said it has entered into an agreement worth $26 million with an Iraqi firm...
HSBC UK offers mortgage at 0.99% making borrowing cheaper following Brexit shock
The two-year fixed rate from HSBC is the first fixed deal to dip below 1 per cent but analysts say other lenders may follow, leading rates...
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Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...
El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez
Minister of Petroleum and Mineral Resources Eng. Tarek El Molla and ADES Drilling Company CEO Mohamed Farouk have witnessed the signing of...