24 Sep 2020

East Mediterranean Gas Forum Becomes An Organisation

On Tuesday, September 22, 2020, the East Mediterranean Gas Forum (EMGF), headquartered in Cairo, was officially turned into a regional organization (through an online conference) by the seven-member states (Egypt, Cyprus, Greece, Israel, Italy, Jordan, and the Palestinians). As such, the charter
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15 Sep 2020

The Egypt – Cyprus Talks About Gas Pipeline

Amid growing tensions in the Eastern Mediterranean, Egypt and Cyprus are intensifying talks to start building an offshore gas pipeline from the Aphrodite gas field to Cairo in preparation for re-export to Europe, in a more general context of the economic uncertainty of the gas and oil industry, as p
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20 Aug 2020

The UAE Started the First Nuclear Power Plant In The Arab World

On August 1st, 2020 the UAE announced that started operations in the first of four reactors at the Barakah nuclear power station. This nuclear plant is the first in the Arab world. The Barakah Nuclear Energy Plant is located in the Al Dhafra of the Emirate of Abu Dhabi on the Arabian Gulf. The Pl
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Source of the photo: ednews.net.
12 May 2020

Saudi Arabia: ARAMCO Profits Dive 25 Percent after Oil Price Plunge

On May 12, 2020, ARAMCO the Saudi state's own giant company reported a 25 percent fall in first-quarter net profit, below analyst estimates, after it was hurt by a plunge in crude oil prices as the coronavirus slashed demand. Brent crude prices fell 65 % in the first quarter before the world’s
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