Today's breaking News from Egypt, Damietta, Economy

News Egypt » Damietta » Economy: Egypt records 113 oil discoveries, brings 591 wells online in 2 years

News channel or source: https://www.zawya.com/en/economy/oil-gas/egypt-records-113-oil-discoveries-brings-591-wells-online-in-2-years-1795533

Published on: Tuesday 20 October 2026

The ministry is expanding exploration, developing existing fields, and improving investment models to encourage additional capital ...

News Egypt » Damietta » Economy: DiDi says Egypt operations generated EGP19.45bn in economic activity in 2025

News channel or source: https://english.ahram.org.eg/NewsContent/3/1239/577351/Business/Tech/DiDi-says-Egypt-operations-generated-EGPbn-in-econ.aspx

Published on: Tuesday 22 September 2026

DiDi’s operations in Egypt generated EGP19.45 billion in economic activity in 2025, equivalent to around 0.1 percent of the country’s GDP, as the Chinese ride-hailing company marked five years of ...

News Egypt » Damietta » Economy: Egypt builds logistics hub at Damietta Port to boost agri exports

News channel or source: https://www.freshplaza.com/north-america/article/9776712/egypt-builds-logistics-hub-at-damietta-port-to-boost-agri-exports/

Published on: Tuesday 21 October 2025

Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, announced that a logistics zone is being established at Damietta Port to accelerate ...

News Egypt » Damietta » Economy: Egypt seeks regional energy hub role as Cyprus projects advance

News channel or source: https://english.ahram.org.eg/UI/Front/Inner.aspx?NewsContentID=580424

Published on: Monday 19 October 2026

Egypt is seeking to maximise the economic value of its gas infrastructure by linking Eastern Mediterranean discoveries to processing facilities and export markets, as cooperation with Cyprus advances ...

News Egypt » Damietta » Economy: Egypt denies $50mln payment to repair Energos Winter FSRU

News channel or source: https://www.zawya.com/en/economy/egypt-denies-50mln-payment-to-repair-energos-winter-fsru-1470555

Published on: Wednesday 30 September 2026

The ministry indicated that it reserves all legal rights against those who published or republished the allegations or falsely attributed statements ...

News Egypt » Damietta » Economy: Egypt’s Economy Amidst Regional Conflicts

News channel or source: https://www.washingtoninstitute.org/policy-analysis/egypts-economy-amidst-regional-conflicts

Published on: Monday 28 October 2024

Egypt, strategically positioned in the heart of the Middle East and North Africa, is grappling with significant economic pressures exacerbated by regional conflicts and geopolitical instability. The ...

News Egypt » Damietta » Economy: Yemen war: Why Egypt's vow to defend Saudi Arabia is a risky gamble

News channel or source: https://www.middleeasteye.net/opinion/yemen-war-why-egypts-vow-defend-saudi-arabia-risky-gamble