September 26, 2026
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Tag : Egypt

Business

ADNOC Gas posts resilient Q1 profit despite disruption

omandailynews.com
ADNOC Gas reported first quarter net income of $1.1 billion, underscoring resilient earnings despite disruption to maritime movements through the Strait of Hormuz. The company said it generated $572 million in free cash flow and ended March with $4.2 billion...
Business

Egypt secures $1 billion World Bank reform support

omandailynews.com
CAIRO: The World Bank Group has approved US$1 billion in new financing for Egypt to support private sector-led job creation, bolster macroeconomic and fiscal resilience, and advance measures tied to a greener economy, marking the latest multilateral backing for the country as it...
News

UAE Egypt talks focus on economy and regional security

omandailynews.com
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah El-Sisi held talks in Abu Dhabi  on Thursday, focusing on bilateral cooperation and regional developments, according to official statements. The meeting took place during President El-Sisi’s visit to the United Arab Emirates....
News

Egypt documents 10,000 years of rock art in South Sinai

omandailynews.com
CAIRO: Egypt’s Ministry of Tourism and Antiquities said it has documented a previously unknown rock art site in South Sinai featuring a natural sandstone rock shelter that preserves paintings, carvings and inscriptions spanning thousands of years. The ministry said the site, known...
Featured News

UAE and Egypt reaffirm ties as leaders meet in Abu Dhabi

omandailynews.com
ABU DHABI, Feb. 9, 2026: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Egyptian President Abdel Fattah El-Sisi on Monday upon his arrival in Abu Dhabi, marking the start of a fraternal visit between the two countries, according to official information released in the...
Business

IMF to cut surcharges for member countries starting November 1

omandailynews.com
MENA Newswire News Desk: The International Monetary Fund (IMF) has announced a significant reduction in borrowing costs for its member countries, cutting these costs by 36%, or approximately $1.2 billion annually. The change comes as part of broader reforms aimed...
Business

New WEF platform aims to unlock capital for clean energy in emerging markets

omandailynews.com
MENA Newswire News Desk: The World Economic Forum (WEF) today unveiled its Playbook of Solutions, a comprehensive digital platform designed to enhance clean energy investments in emerging markets. The platform breaks down 100 policy measures and finance mechanisms that have...
Business

Egypt partners with global energy companies in $1.8 billion offshore exploration initiative

omandailynews.com
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country's ambitious plan to invest $1.8 billion in offshore exploration for new gas wells in the Mediterranean Sea and the Nile Delta. Under this program, Egypt...