🇪🇬EgyptNorth Africa
Global energy firms signal fresh investments in Egypt's oil and gas sector
via Egypt Today3 min read
International energy companies have indicated plans to increase their investments in Egypt's oil and gas sector, demonstrating continued confidence in the country's energy landscape. These commitments were made during a high-level roundtable chaired by Prime Minister Mostafa Madbouly at the Egypt Energy Show EGYPES 2026. The discussions focused on accelerating strategic projects through improved regulatory and financial mechanisms, and exploring deeper collaboration. Participants also reviewed the impact of regional geopolitical tensions on energy operations and investment flows, with Egypt reiterating its commitment to easing tensions and supporting diplomatic solutions. The meeting explored leveraging Egypt's advanced gas infrastructure, including liquefaction facilities, to strengthen its position as a regional energy trade hub in the Eastern Mediterranean. Deliberations covered global investment dynamics, enhancing predictability in the investment environment through stronger regulatory frameworks and timely payments, and accelerating capital deployment by streamlining project transitions and expanding financing tools. Prime Minister Madbouly reaffirmed the government's commitment to strengthening cooperation with companies in the petroleum and gas sectors and enhancing the investment climate through competitive financial frameworks and renewed partnership agreements, particularly in high-cost exploration zones. He also stressed Egypt's commitment to its economic reform a
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This summary was AI-generated from a story originally published by Egypt Today.
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BreakingUS President Donald Trump announced a three-day ceasefire between Russia and Ukraine, scheduled from May 9 to May 11, which will also include a significant prisoner exchange. The agreement, revealed by Trump on his Truth Social platform, entails a "suspension of all kinetic activity" and the exchange of 1,000 prisoners from each side. President Trump stated he personally requested the ceasefire and expressed gratitude to Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy for their agreement. He hopes this marks "the beginning of the end of a very long, deadly, and hard fought war," adding that ongoing talks are bringing them closer to resolving what he described as the largest conflict since World War II.
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