In a significant move that sets new benchmarks in the banking industry, IBM has entered into a long-term collaboration with FABMisr, one of Egypt’s leading banks, to drive a revolutionary digital transformation. This strategic partnership, valued for its innovative approach and potential impact on the banking sector, leverages IBM’s advanced Cloud Pak solutions to overhaul […]
In a landmark move set to redefine the energy sector in Egypt, Abu Dhabi National Oil Company (ADNOC) and British petroleum giant bp have announced the formation of a new joint venture (JV), signaling a significant shift towards enhancing Egyptian energy security and fostering regional economic potential. This JV, owned 51% by bp and 49% […]
In a dramatic turn of events, Hamas announced on Saturday the suspension of a crucial hostage exchange under the ongoing four-day truce with Israel. The Ezzedine al-Qassam Brigades stated that the release of hostages would be delayed unless Israel committed to allowing aid trucks into northern Gaza, escalating tensions in the already fragile truce. Hostage […]
Shell Egypt has successfully completed the drilling of the first well in its exploration campaign, Mina West, located in the North East El-Amriya block in the Mediterranean Sea. Conducted in the offshore Nile Delta region, the drilling reached a water depth of approximately 250 meters below sea level. Preliminary data from this activity has confirmed […]
In a night of tumult and terror, an Israeli airstrike targeted a refugee camp in central Gaza, leading to the loss of over 30 lives, marking a sharp escalation in the five-week-long conflict between Israeli forces and Hamas. The United States’ attempts at diplomacy seem to be teetering on the edge as Secretary of State […]
Wintershall Dea, in collaboration with its partners Cheiron Energy, INA, and the Egyptian Gas Holding Company (EGAS), has successfully begun gas production at the ED2-X well in the East Damanhur block, located in the onshore Nile Delta. This significant development comes after the start of exploration in 2021 and the announcement of a gas discovery […]
In a spine-chilling turn of events on Saturday, a nightmare unfolded on the Cairo-Alexandria desert road in Egypt’s Beheira governorate. State media paints a blood-curdling picture: at least 35 people dead and over 50 grievously injured. The morning’s serenity was shattered by a catastrophic collision involving a bus, several cars, and even an overturned lorry, […]
In a shocking turn of events, an Israeli tank mistakenly targeted and struck an Egyptian post near the tense Gaza border. The Israeli military confirmed this unforeseen incident on Sunday, emphasizing that it was unintentional. Meanwhile, Egyptian military sources have indicated that the misfire caused only “minor injuries”, without offering any further details. Immediate Reactions […]
In a staggering incident, the Gaza health ministry states that Israeli airstrikes obliterated the Ahli Baptist Hospital, leading to a death toll crossing 500 Palestinians. This shocking revelation came to light on Tuesday when the health ministry detailed the Israeli warplanes’ alleged attack on Ahli Baptist Hospital. As reported by AP news agency, the hospital, […]
ACWA Power, a leader in the global energy transition and the world’s largest private water desalination company, has announced the financial close for its Kom Ombo solar project. This utility-scale solar power plant, with a 200MW capacity, is situated in Egypt and comes with an overall investment cost of $182 million. Scheduled to be commercially […]