news

Cairo Oil Refining plans to refine 8m tonnes – Chairman
12 - Sun - Jan - 2020
Cairo Oil Refining plans to refine 8m tonnes – Chairman
 Cairo Oil Refining Company (CORC) aims to refine more than 8 million tonnes at Mostorod and Tanta refineries, the company’s chairman Gaber Hassan said.A total of 7 million tonnes will be refined at Mostorod refinery, while 1.2 million tonnes will be refined at Tanta refinery…
Oil settles 52 cents lower on Friday
12 - Sun - Jan - 2020
Oil settles 52 cents lower on Friday
Oil futures fell at Friday’s settlement, plummeting 6.4% for the week.  February Nymex WTI lost $0.52, or 0.9%, to close at $59.04 per barrel.Baker Hughes reported a third weekly decline in the number of active US rigs drilling for oil. 
Sino-Egyptian trade to grow over 24% YoY
12 - Sun - Jan - 2020
Sino-Egyptian trade to grow over 24% YoY
 The trade exchange between Egypt and China is expected to increase by more than 24% year-on-year during 2020, head of Alexandria Chamber of Commerce, Ahmed Mohamed El Wakeel stated on Saturday.Around 1,340 Chinese companies are set to inject $600 million investments in Egypt this year,…
Jordan attracts over $5bn clean energy investments
12 - Sun - Jan - 2020
Jordan attracts over $5bn clean energy investments
Jordan has expanded renewable energy share in its energy mix, attracting more than $5 billion in investments, the kingdoms’ ambassador to the UAE, Jumaa Al-Abadi, stated on Saturday, according to the Jordan News Agency (Petra).Since 2014, Jordan developed a legislative and regulatory environment that allowed…
Boeing to pay $60m pension benefits, stock to fired CEO
12 - Sun - Jan - 2020
Boeing to pay $60m pension benefits, stock to fired CEO
American aerospace company Boeing has announced that ousted CEO Dennis Muilenburg will receive over $60 million in pension benefits and stock, according to CNBC.Muilenburg was fired on the heels of the 737 Max aircraft crisis that followed two fatal crushed that killed 346 people.The plane model…