Abu Dhabi-based Modon Holding and Montage Hotels & Resorts will launch Montage Ras El Hekma in Egypt’s Ras El Hekma, featuring branded residences, 200 guestrooms, 96 residences, luxury wellness, dining, retail, and beachfront lagoons.
Dana Gas reported Q1 2026 net profit of AED270 million ($74 million), up 72% year-on-year, driven by a one-off Kurdistan gas adjustment, while revenue rose to AED531 million amid higher production and gas sales in Egypt and Iraq.
Multinational commodities trader Trafigura, together with the Egyptian Aluminium Company and Metallurgical Industries Holding Company, has entered exclusive negotiations to co-finance and develop a major new aluminium complex in Egypt.
Minor Hotels has signed Anantara Somabay Resort & Residences in Egypt, set to open in May 2030 with 300 hotel keys and 150 branded residential units, marking a key expansion milestone in the country.
IHG Hotels & Resorts has introduced its premium lifestyle brand to Egypt with the opening of voco Hotels Cairo Arabella Plaza in New Cairo. The 80-room hotel is integrated directly into Arabella Plaza Mall.
Dana Gas, the Middle East’s largest regional private sector natural gas company, has received an additional payment of $20 million from Egypt, with all overdue receivables now fully settled.
Eni announces a significant gas and condensate discovery in Egypt, with the drilling of the Denise W 1 exploration well in the Temsah Concession, located offshore in the Eastern Mediterranean.
Arcius Energy, backed by BP and Adnoc’s XRG, approved a $500 million final investment decision to develop Egypt’s Harmattan gas field in the El Burg offshore concession, aiming to boost natural gas production for domestic demand.
Noatum Ports, the international ports operating arm of AD Ports Group, today confirmed the delivery of three new ship-to-shore (STS) and six rubber tyred gantry (RTG) cranes to its new multipurpose terminal in Safaga, Egypt.
GE Vernova said it has received an order from Middle Delta Electricity Production Company (MDEPC), an affiliate of Egyptian Electricity Holding Company (EEHC), for upgrades and services at MDEPC’s Bahna and Nubaria power plants in Egypt.
