Latest news with #AhmedElimam
Zawya
22-07-2025
- Business
- Zawya
Egypt current account deficit narrows to $13.2bln in July-March 2024/25
Egypt's current account deficit decreased to $13.2 billion in July to March 2024/25 from $17.1 billion in the same period a year earlier, the central bank said on Tuesday, Egypt's central bank said on Tuesday. (Reporting by Ahmed Elimam and Tala Ramadan, Writing by Jaidaa Taha, Editing by Louise Heavens)
Zawya
15-07-2025
- Business
- Zawya
Iraq signs preliminary agreement with HKN Energy to develop Himreen oilfield
Iraq has signed a preliminary agreement with U.S. company HKN Energy to develop the Himreen oilfield in northern Iraq, the country's oil ministry said on Tuesday. The ministry added that Iraq is aiming to boost oil production from Himreen to 60,000 barrels per day from current output levels of 20,000 to 25,000 bpd. The announcement comes as HKN Energy said that an explosion halted production at the Sarsang oilfield, which it operates in Iraq's Kurdistan region. (Reporting by Ahmed Elimam and Tala Ramadan; Editing by Kirsten Donovan)
Zawya
08-07-2025
- Business
- Zawya
Egypt stock exchange suspends trading after data centre fire
DUBAI - Egypt's stock exchange said it had suspended trading on Tuesday, citing ongoing disruptions affecting brokerage firms' ability to communicate efficiently across the trading system, a day after a fire broke out in a telecoms data centre in Cairo. (Reporting by Ahmed Elimam; Editing by Andrew Heavens)
Zawya
27-05-2025
- Business
- Zawya
Oman's first quarter budget revenue down falls as oil income drops
Oman's overall budget revenue fell 7% year-on-year to 2.635 billion Omani rials ($6.85 billion) in the first quarter of 2025 as oil revenue dropped, Oman's state news agency reported on Tuesday, citing data from the finance ministry. Oil revenue for the OPEC+ member was down 13% at 1.468 billion rials in the first three months of the year, from 1.688 billion rials in the first quarter of 2024, with gas revenue down 2% to 436 million riyals. Public spending rose 4% to 2.771 billion rials from a year earlier, according to the state news agency. The sultanate's public debt eased to 14.3 billion rials from 15.3 billion rials. The finance ministry paid more than 304 million riyals in arrears to the private sector during the quater. ($1 = 0.3850 Omani rials) (Reporting by Menna Alaa El-Din and Tala Ramadan and Ahmed Elimam; Writing by Menna Alaa El-Din; Editing by Kirsten Donovan)
Zawya
26-05-2025
- Business
- Zawya
Gulf Cooperation Council, Malaysia agree to launch free trade talks, GCC says
The Gulf Cooperation Council countries agreed on Monday to launch free trade talks with Malaysia on the sidelines of the GCC-ASEAN Summit in Kuala Lumpur, the GCC said in a statement. (Reporting by Menna Alaa ElDin and Ahmed Elimam; Editing by Hugh Lawson)
