Minister of Petroleum and Mineral Resources Karim Badawi held an extensive meeting with a delegation from the US-based Quantum Capital Group to explore establishing a long-term investment portfolio in Egypt’s oil and gas sector.

Saudi Aramco introduced additional crude cargoes for loading from Egypt's Mediterranean port of Sidi Kerir amid escalating security risks in the Red Sea

Danish shipping group Maersk has resumed a new shipping service across the Red Sea, as part of its plan for a gradual return to transiting the Suez Canal.

Minister of Petroleum and Mineral Resources Karim Badawi held talks with Sultan Al Jaber, ADNOC Managing Director and Group CEO, to discuss increasing investments in natural gas exploration and production

Ulter by Valu has entered into a strategic partnership with Red Sea Sails to enable access to sailing education, yacht ownership, and marine services through flexible financing solutions

Oil tanker traffic through Egypt’s Suez Canal jumped by nearly one-third in April, as the Strait of Hormuz closure boosted demand for the Red Sea shipping route.

The Saudi Ports Authority (Mawani), in partnership with Folk Maritime and SABIC, has launched the new Red Sea Express container shipping service to King Fahd Industrial Port to boost logistics connectivity.

Egypt and Eritrea inked a maritime transport cooperation agreement to strengthen logistical connectivity and expand bilateral trade.

South Valley Egyptian Petroleum Holding Company (Ganope) and BP Exploration Company Limited penned a memorandum of understanding (MoU) for the award of Block (6) in the Red Sea

Arab Bridge Maritime Company, jointly owned by the governments of Egypt, Jordan, and Iraq, is operating normally and safely, with daily sailings continuing on the Aqaba–Nuweiba international route and the Aqaba–Taba tourist line.

Maersk will temporarily reroute some of its vessels away from the Suez Canal, citing “unforeseen constraints” in the Red Sea region.

Orascom Development Egypt’s revenues are expected to witness a four-year compound annual growth rate (CAGR) of nearly 20%, with 18% for earnings before interest, taxes, depreciation, and amortization (EBITDA) and about 31% for net income, according to HC Brokerage’s update on the company.

Maersk returned to the trans-Suez route for the MECL service, following improved stability in the Red Sea.

Minister of Petroleum and Mineral Resources Karim Badawi has reviewed bp Plc's projects and future investment plans in Egypt.

Suez Canal witnesses transit of world’s largest container ship

The Suez Canal traffic statistics for October recorded the return of 229 vessels, marking the highest monthly rate of returning vessels since the beginning of the Red Sea crisis

The Ministry of Petroleum and Mineral Resources has launched a new international bid round for new exploration opportunities in four blocks across the Red Sea.

Minister of Petroleum and Mineral Resources Karim Badawi called on Chevron to expand its investments in Egypt, particularly in the promising areas for oil and gas upstream activities in the Red Sea

The Red Sea coastline, with its pristine beaches, year-round sunshine, and strategic location, emerges as one of Egypt’s most promising frontiers for economic development. As the government seeks to diversify its economy and boost tourism, attracting private sector investment to purchase and develop land along this stretch of coast has become significant. From luxury resorts to integrated tourism hubs, the potential for job creation, foreign revenue inflows, and regional revitalization is immense.

Sky Tower for Real Estate Development, a unit of Emaar Misr for Development, signed a deal with Golden Coast for Hotels, Tourist Villages, and Entertainment to develop an integrated tourism project