INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Lebanon looks to import gas from Egypt

Lebanon Prime Minister Najib Mikati,
  • Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday
  • Dr. Madboulyr informed Mikati that Egypt was preparing a shipment of medical and food aid to be sent to Lebanon by sea

Lebanon Prime Minister Najib Mikati, who is on an official visit to Egypt discussed the prospect of importing gas from the country. 

Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday in the presence of an accompanying Lebanese official delegation including Minister of Youth and Sports, George Kallas, and Lebanon’s Ambassador to Egypt, Ali Al-Halabi. 

On the Egyptian side, Egyptian Minister of Energy, Mohamed Shaker, and Egyptian Minister of Petroleum, Tarek El-Molla, attended the meeting. 

Discussions reportedly focused on the process of exporting Egyptian gas from Egypt to Lebanon.

Meanwhile, both sides agreed to sign a preliminary agreement between Lebanon, Egypt, Jordan, and Syria.  

Dr. Madboulyr informed Mikati that Egypt was preparing a shipment of medical and food aid to be sent to Lebanon by sea. 

It was also agreed to export Lebanese agricultural produce to Egypt.