Minister of Petroleum and Mineral Resources Karim Badawi affirmed that Egypt is expanding hydraulic fracturing and horizontal drilling as key pillars of the petroleum sector’s five-year plan to increase domestic production, revive declining wells and maximise the utilisation of oil and gas resources.

Badawi said the ministry, in co-operation with investment partners and leading international service and technology companies, had launched a comprehensive initiative to access unconventional resources previously uneconomical to extract using conventional methods.

Slovenian president expresses interest in expanding industrial links with Egypt

Egypt’s Prime Minister Mostafa Madbouly has reaffirmed Egypt’s commitment to expanding economic, investment and scientific co-operation with Slovenia, highlighting opportunities to strengthen trade, maritime connectivity, industrial partnerships and labour mobility between the two countries.

Madbouly made the remarks during a meeting with Slovenian President Nataša Pirc Musar and her accompanying delegation at the government headquarters in the New Capital.

Egypt, US sign strategic objectives framework agreement to foster economic prosperity

Minister of Foreign Affairs, International Co-operation, and Egyptian Expatriates Badr Abdelatty has witnessed the signing of a framework agreement on strategic objectives to foster mutual economic prosperity between Egypt and the United States of America.

The signing ceremony was attended by Egyptian Minister of Finance Ahmed Kouchouk, Minister of Supply and Internal Trade Sherif Farouk, and Minister of Higher Education and Scientific Research Ayman Ashour.

Democrats, Trump face off after elections

Democrats and Republicans squared up on Wednesday for what could be two years of deadlock in Washington, with the resurgent Democrats vowing to use their resounding midterm election victory to rein in President Donald Trump, who signaled he was ready to continue flexing the executive branch’s considerable powers.

A wave of anger over Trump’s policies, particularly the US-Iran war’s role in pushing the cost of living higher, helped Democrats take the Senate, where they flipped seats in deeply Republican states for a majority of at least 54-44, and the House of Representatives, where they gained at ‌least 25 seats.

Trump: Republicans harmed by Iran war

President Donald Trump said on Wednesday the Iran war has been worth it despite ‌acknowledging its role in losses in US midterm elections in which his Republican party lost control of Congress.

“The Iran thing we had to do, and we continue to do it,” he told ⁠reporters.

The Iran war was responsible for a spike in gasoline prices that were seen as a strong factor in why Democrats made big gains in the elections.