Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Ship with 750 tonnes of fuel sinks off Tunisia coast

The defence, interior, transport and customs ministries were working to avoid "a marine environmental disaster in the region and limit its impact", the environment ministry said.
  • The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters
  • It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed

A tanker carrying 750 tonnes of diesel fuel from Egypt to Malta sank Saturday in the Gulf of Gabes off Tunisia’s southeast coast, a spokesman for a local court said.

“The ship sank this morning in Tunisian territorial waters. For the moment, there is no leak,” Mohamed Karray said, adding that a “disaster prevention committee will meet to decide on the measures to be taken”.

The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters on Friday evening due to bad weather.

It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed, according to a Tunisian environment ministry statement.

It said Tunisian authorities evacuated the seven-member crew.

Karray said the Georgian captain, four Turks and two Azerbaijanis were briefly hospitalized for checks and were now in a hotel.

The defense, interior, transport and customs ministries were working to avoid “a marine environmental disaster in the region and limit its impact”, the environment ministry said.