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Egypt is preparing to become a key exporter of energy resources in the region and beyond, Ahmed Heikal, chairman and founder of the Qalaa Holdings investment company, said in an interview with CNBC. He noted that this was facilitated by the discovery of new deposits and infrastructure, including terminals of liquefied natural gas in Idku and Damietta. The increase in gas production in Egypt allows the country to play a very important role as an energy center, especially in terms of gas exports. According to Reuters, Egypt wants to increase by 25% the attraction of foreign investment for the oil and gas sector in 2018-2019 to $10 billion. It is also planned to increase gas production in new fields. This hopefully allows Egypt to completely stop the import of foreign oil and gas by 2019.
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
June had seen Japan’s exports recording a double-digit decline for four consecutive months. This suggests that the novel coronavirus pandemic tipped the world’s third-largest economy into its sharpest postwar slump, highlighting ...
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