Egypt has approved the establishment of a special free zone for the newly established Fujairah Alamein Oil and Gas Company in New Alamein on Friday, 21 August, as part of a project focused on the storage and handling of crude oil and petroleum products. The Ministry of Investment and Foreign Trade announced that the company…
Yves here. Due to our intense focus on the Iran war, and the amount of time it takes to pick through often inaccurate reporting and commentary, we have not devoted the same level of attention to the very important conflict in Ukraine. Admittedly, it lacks the drama of Trump hyperventilating, tart Iranian responses, keen press…
Egypt is advancing technical and economic studies to apply horizontal drilling and hydraulic fracturing across petroleum and gas fields, aiming to boost production and reduce operating expenses. The initiative follows discussions between Petroleum Minister Karim Badawy and a senior Halliburton delegation led by Ahmed Helmy, Vice President for North Africa. Badawy emphasised that maximising Egypt’s…
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Aug. 5, 2026. Jeenah Moon | Reuters Treasury yields rose on Tuesday, with long-dated yields surging to their highest level in over two decades, as tensions between the U.S. and Iran persisted. The early hours of Tuesday morning…
Petroleum and Mineral Resources Minister Karim Badawi has announced the launch of the 2026 international bid round for crude oil and natural gas exploration, offering 14 new exploration areas to international and Egyptian companies in a move aimed at attracting more investment, boosting domestic production and supporting the targets of the government’s five-year production growth…
Ed’s stories explore prescription drug pricing, affordability and access, as well issues surrounding patents, litigation, and legislation. He is also the author of the morning Pharmalittle newsletter and the afternoon Pharmalot newsletter. The war with Iran has driven oil prices up, prompting concern that the supply of some medicines will be disrupted. But there is…
MURCHISON FALLS NATIONAL PARK, Uganda — On a cold morning in Uganda’s largest national park, rangers chat and sing to lift their spirits ahead of the start of a daunting wildlife project considered critical to conservation: moving the Nubian giraffe to a new home. Rangers at Murchison Falls National Park on Tuesday began to translocate…
Oil prices edged higher on Monday after President Donald Trump said Iran would pay for the deaths of three U.S. service members, and Houthi militants in Yemen declared a maritime embargo on Saudi Arabia. Brent crude futures, the international benchmark, were last seen trading 32 cents higher at $88.42 per barrel. U.S. West Texas Intermediate…
Ukrainian official says Russia’s attack on Kramatorsk kills four, including a teenager, and injures nine more. By Al Jazeera Staff, Anadolu and Reuters Published On 10 Jul 202610 Jul 2026 Russian forces have killed four people, including a teenager, in aerial bomb strikes on the city of Kramatorsk in eastern Ukraine, as it steps up…
