Sidi Kerir Petrochemicals Company (SIDPEC) reported a 4.87% increase in revenues in the first quarter (Q1) of 2026  to EGP 3.788 billion. Meanwhile, the company posted a 68.65% year-on-year (YoY) decrease in net profit ...

AngloGold Ashanti’s Sukari mine in Egypt delivered gross profit of $292 million in the first quarter (Q1) of 2026, marking an 80.25 % increase from its level in Q1 2025. Moreover, the total cash cost per ounce of gold ...

The US’ ‘Project Freedom’ to bring tankers trapped in the Gulf out through the Strait of Hormuz lasted barely 24 hours. The initiative promp... Source link

Saudi Arabia’s crude oil exports to China are set to decline further in June, as Chinese refiners reduce demand in response to higher prices linked to US –Iran tensions, industry sources said to Reuters. Saudi Aramco...

Oil markets are entering uncharted territory, with the closure of the Strait of Hormuz now well into its third month. Even with an extremely fragile ceasefire still largely in place, the economic impact of the conflict s...

ADNOC Drilling, the UAE’s Oilfield drilling services company, reported first-quarter (Q1) 2026 results with revenues of $1.23 billion, up 5% year-on-year (YoY). The company recorded a net profit of $347 million, a 2% i...

Vaalco Energy, the US-based operator, said it began a six‑well drilling program in Egypt in the second quarter of 2026. The campaign was not included in the original budget and will proceed without increasing the compa...

The UAE accused Iran of carrying out military strikes against the Port of Fujairah on 4 May, although Tehran denied responsibility. The attack came as part of a wider assault on the UAE in what appeared to be a response ...