Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit of AED393 million ($107 million) in H1 2026, compared with AED270 million ($73 million) in H1 2025, an increase of 47%.
Egypt is stepping up cooperation with Abu Dhabi Future Energy Company (Masdar) to accelerate a pipeline of solar, wind and battery-storage projects as Cairo seeks to raise the contribution of renewable energy to 45% of its electricity mix by 2028.
Al Dahra Agriculture Trading (ADAT), part of Al Dahra Holding, headquartered in Abu Dhabi, has announced execution of a five-year wheat supply agreement with Egypt’s General Authority for Supply Commodities (GASC).
Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, met with Abdullah Al Messabi, CEO of Adnoc Drilling, to discuss strategic cooperation and the company’s potential role in Egypt’s expanded onshore and offshore drilling programme.
IHG Hotels & Resorts has signed an agreement with Mountain View for Development and Real Estate Investment to launch The Residences at Hotel Indigo Mountain View Ras El Hekma on Egypt’s North Coast, marking the global debut of Hotel Indigo branded residences.
Parkin Company has signed an agreement with Modon Misr for Asset & Facility Management, Mwasalat Misr and Redcon Properties to explore opportunities for collaboration in developing parking management and smart mobility solutions in Egypt, thus marking its first entry into the Egyptian market.
Egypt’s exploration sector has delivered positive results over the past two fiscal years, with 149 exploration wells drilled and 112 new discoveries made, including 88 crude oil and 24 natural gas finds, the government said. Among the notable discoveries was the Denis offshore gas field in Port Said.
Egypt has launched an international bid round for oil and gas exploration across 14 new areas, covering the Mediterranean Sea, Nile Delta, North Sinai, Gulf of Suez, Sinai and Western Desert. Production had started from Belayim Marine 133 well in the Gulf of Suez, with initial output of about 1,500 barrels per day.
Egypt has launched its 2026 international bid round for crude oil and natural gas exploration, offering 14 new areas to international and Egyptian companies as the government seeks to attract investment, boost domestic production and meet the targets of its five-year output plan.
flynas has inaugurated its first direct flights between Riyadh and Alexandria, Egypt, further expanding air connectivity between Saudi Arabia and regional destinations. The airline will operate three weekly services between Riyadh and Alexandria International Airport.
