Kuwait’s Power Sector Faces Another Tough Year

Kuwait’s power system will face another difficult year in 2026 as the structural challenges that have bedeviled it over the past decade remain largely unaddressed. The Ministry of Electricity and Water’s (MEWRE) powe...

ERC Cuts Senior Debt to $63Mn from $2.35Bn

ERC Cuts Senior Debt to $63Mn from $2.35Bn

The Egyptian Refining Company (ERC) has settled $417 million of its senior debt, reducing its remaining debt to $63 million from a peak of $2.35 billion, according to a disclosure to the Egyptian Exchange by the company,...