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- US retail sales miss expectations as consumers battle higher prices
- Qatar keen to diversify investment ventures with Azerbaijan
- QSE index closes lower
- IMF Anticipates Bahrain Economic Growth to Rise to 2.9%
- Bitcoin Mining in China Rebounds, Defying 2021 Ban
- Middle East construction embraces digitalisation to drive sustainability goals
- Saudi Telecom Revenues Near $21 Billion in 2025
- Egypt's Sisi Meets Eni CEO to Discuss Energy Investments
- HP to cut thousands of jobs due to AI adoption
- UAE banks set for stable 2026 amid geopolitical, oil-price risks
26/11/2025 03:40 AST
Egyptian President Abdel Fattah al-Sisi met Eni CEO Claudio Descalzi to review the Italian group's investments in the African country and discuss new initiatives, the energy company said on Tuesday. Eni, which is the operator of Egypt's offshore gas field Zohr, has pledged to invest as much as $8 billion in Egypt.
It launched an offshore Mediterranean exploration drilling campaign last month and is rolling out upstream investments that will span all Eni-operated areas in the country.
Capital expenditures will focus on short-cycle, infrastructure-led opportunities and extending the life of old assets in the areas of Sinai and the offshore Nile Delta, Eni said in a statement.
The meeting also touched on Egypt's ambition to position itself as a gateway for East Mediterranean gas.
Eni's development of the Cronos gas field in Cyprus waters could help advance Cairo's goal of becoming a regional energy hub, Eni said.
The Italian group is currently the country's leading hydrocarbon producer, with output of about 280,000 barrels of oil equivalent per day in 2024.
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
26/11/2025
US retail sales grew at a slower pace than anticipated in September, government data showed Tuesday, as higher prices added to affordability concerns while firms grappled with an uptick in business c
Kuwait Times
26/11/2025
Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data center boom in some energy-rich prov
Asharq Al Awsat
26/11/2025
Computer and printer maker HP announced Tuesday a sweeping restructuring plan that will eliminate about 10 percent of its workforce globally as the company pivots toward artificial intelligence to bo
AFP
25/11/2025
Like everyone else, policymakers at the Federal Reserve are increasingly obsessed with artificial intelligence and its promise of a turbocharged economy. They're just not ready to make a big call tha
Bloomberg
20/11/2025
Britain's annual inflation rate slowed in October, official data showed Wednesday, providing some relief to the struggling Labour government one week before unveiling its latest budget.
The
AFP
Financial Information Co.
Saudi Arabia