14 Feb 2016
The Egyptian Natural Gas Holding Company (EGAS) decreased the volume of imported gas by approximately 650m cubic feet per day compared to 700m feet in January.
The decline was a result of the decline of gross domestic consumption of natural gas, according to a senior official in EGAS.
10 Feb 2016
The Asociacion de Afectados de Petrobras, a Madrid-based shareholder association; International Securities Associations & Foundations Management Company for Damaged Petrobras Investors (Bolsa Madrid) Ltd. (“ISAF Petrobras”); and a coalition of international law firms, including"...Continue Reading
09 Feb 2016
06 Feb 2016
Egypt's petroleum imports fell 72.4 percent to $1.12 billion in October 2015 down from $3.663 billion in the same period the previous year, official news agency MENA quoted the official statistics agency CAPMAS report on Thursday.
Exports of petroleum products on the other had declined"...Continue Reading
31 Jan 2016
Egypt's government has distributed 3.2 million smart cards for fuel rationing to vehicles, out of a total of 5.7 million vehicles countrywide, the head of card issuing company E-finance, Ibrahim Sarhan, was quoted as saying by Al-Ahram newspaper"...
Egypt's government has distributed 3.2 million smart cards for fuel rationing to vehicles, out of a total of 5.7 million vehicles countrywide, the head of card issuing company E-finance, Ibrahim Sarhan, was quoted as saying by Al-Ahram newspaper"...Continue Reading
28 Jan 2016
Egypt stocks rallied on Wednesday along with regional stocks after oil prices rallied on Tuesday, with local and Arab investors as net-buyers.
The benchmark EGX30 index closed up 1.09 percent at 5,960 points after Brent crude price steadied above $31 a barrel on Wednesday morning, having risen above $32 a barrel"......Continue Reading
26 Jan 2016
26 Jan 2016
BW Group on Monday said its LNG Floating Storage and Regasification unit (FSRU) in Egypt has been in full operation since October 2015.
BW Singapore, which is currently at Ain Sokhna, Egypt, was delivered and commissioned in three months"......Continue Reading
25 Jan 2016
24 Jan 2016
Head of the technical analysis department at the National Bank of Kuwait for investment in North Africa and the Middle East Mohamed Al Aasar expected trading in the Egyptian stock exchange (EGX) would be between 5,500-5,950 points after it suffered from losses during last week’s trading.
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