Minor Hotels announced signing Anantara Somabay Resort & Residences in Egypt marking strategic expansion Opening May 2030 the project will include 300 hotel keys and 150 branded residential units on the Red Sea coastal development.
Egypt has announced a new natural gas discovery in the Nile Delta, with projected production of 50 million cu ft per day (mmcf/d) following the drilling of the exploratory well (Nidoco N-2) in the West Abu Madi area, co-operated by Italy’s Eni and the UK’s British Petroleum.
Qatar-based Green Sky Capital has signed the financing deal for a landmark sustainable aviation fuel production facility on a 100,000-sq-m site within the Suez Canal Economic Zone in Egypt. The engineering, procurement and construction contract for the project has been awarded to French group SeaOwl.
EFG Hermes, an EFG Holding company and the leading investment bank in MENA, has announced that it has been appointed sole global coordinator and sole bookrunner for the planned initial public offering of Misr Life Insurance on the Egyptian Exchange.
Dana Gas, the Middle East’s largest regional private sector natural gas company, has received an additional payment of $20 million from Egypt, with all overdue receivables now fully settled.
Eni announces a significant gas and condensate discovery in Egypt, with the drilling of the Denise W 1 exploration well in the Temsah Concession, located offshore in the Eastern Mediterranean.
Arcius Energy, backed by BP and Adnoc’s XRG, approved a $500 million final investment decision to develop Egypt’s Harmattan gas field in the El Burg offshore concession, aiming to boost natural gas production for domestic demand.
Noatum Ports, the international ports operating arm of AD Ports Group, today confirmed the delivery of three new ship-to-shore (STS) and six rubber tyred gantry (RTG) cranes to its new multipurpose terminal in Safaga, Egypt.
GE Vernova said it has received an order from Middle Delta Electricity Production Company (MDEPC), an affiliate of Egyptian Electricity Holding Company (EEHC), for upgrades and services at MDEPC’s Bahna and Nubaria power plants in Egypt.
Egyptian authorities have announced plans for the establishment of a regional grain hub in Suez Canal Zone. Preparations are under way for a detailed feasibility study covering technical, economic, and logistical aspects ahead of implementation, said a report.
