Browsing Tag
Egypt
123 posts
Scatec advances $650m Dandara solar project in Egypt as 2026 earnings outlook weakens
Scatec's Dandara solar and battery project has advanced through preliminary financing and grid agreements, while an institutional investment platform strengthens its Egyptian development strategy amid reduced earnings guidance.
Egypt weighs military support for Saudi Arabia as Houthi attacks raise regional risks
Egypt's parliament is considering whether to authorise defensive military support for Saudi Arabia, as Houthi attacks and renewed diplomatic negotiations increase pressure on regional security arrangements.
Yemen airstrike kills at least nine in Saada as Saudi-Houthi conflict escalates
Authorities in Houthi-controlled northern Yemen report that nine people, including children, were killed in an airstrike amid renewed fighting with Saudi-backed forces.
Ethiopian forces reportedly retake Mekelle airport as renewed Tigray war threatens regional escalation
Ethiopian federal forces have reportedly retaken Mekelle’s main airport from Tigrayan fighters as renewed conflict threatens to spill into a wider Horn of Africa crisis.
Russia and Germany hold first foreign-minister talks since 2022 as Black Sea food exports take focus
Germany and Russia have held their first foreign-minister talks since before the 2022 invasion of Ukraine, focusing on Black Sea grain exports and possible de-escalation.
Ukraine offers reciprocal Black Sea and energy truce as Zelenskyy puts decision on Russia
Ukraine says it is prepared for reciprocal Black Sea and energy ceasefires, including suspending strikes on Russian export infrastructure if Moscow does the same.
DNO revises $396m Capricorn Energy takeover as Egypt expansion moves closer
DNO ASA has converted its $396 million Capricorn Energy acquisition into a full $5.214-per-share cash offer, removing the special-dividend structure and increasing certainty for shareholders.
UFlex opens $126m Egypt aseptic plant as global capacity reaches 24bn packs
UFlex has inaugurated a $126 million Asepto facility at Ain Sokhna in Egypt with eventual annual capacity of 12 billion aseptic packs, giving the Indian packaging group a second major manufacturing base and a shorter route into Europe, Africa, the Middle East and the Americas.
Energean (LSE: ENOG) jumps as 45% profit rise meets $3.2bn debt test
Energean profit rose 45% and production has rebounded. Can Katlan, $5bn of gas contracts and stronger H2 output reduce its $3.2bn debt?
China-Egypt ties enter new phase as Xi Jinping returns to Cairo after decade-long absence
Xi Jinping returns to Egypt after 10 years as China deepens Suez investment, Belt and Road cooperation and its strategic reach across Africa.