Egypt plans to conclude oil, gas deal with UAE company

Short Url
Updated 08 September 2021
Follow

Egypt plans to conclude oil, gas deal with UAE company

Egypt has said it intends to conclude an agreement with the UAE’s Dragon Oil Co. to increase oil and gas production.


Tarek El-Molla, Egypt’s minister of petroleum and mineral resources, said there are new investments in the Gulf of Suez to explore for oil and gas.


He described these investments as being a priority for his ministry, which is trying to develop and modernize Egypt’s petroleum sector.


He said a seismic survey and data collection program is being implemented in the Gulf of Suez in order to provide new opportunities for exploration and production.


El-Molla added that rising global oil prices have encouraged international companies to increase investment in the sector.


RLC Global Forum 2026 opens, leading the agenda for transformation in retail industry

Updated 03 February 2026
Follow

RLC Global Forum 2026 opens, leading the agenda for transformation in retail industry

RIYADH: The RLC Global Forum 2026 opened in Riyadh on Feb. 3, aiming to shape the future of retail and consumer-facing industries by bringing together the most influential leaders from across the sector.

Addressing the opening session, Panos Linardos, chairman of RLC Global Forum, said: “We meet at a moment that feels fundamentally different from just a few years ago. Growth today is no longer linear. It is no longer evenly distributed. And it is no longer guaranteed. 

“We find ourselves at what we call a growth crossroads, a moment where traditional models are under pressure, geopolitical dynamics are reshaping trade and investment, and leadership choices carry longer-lasting consequences.”

He added that at the 2025 event, the discussions were focused on trust and collaboration in a time of disruption. 

“This year, the environment is more fragmented, more volatile, and more urgent,” he said, explaining that supply chains are shifting, consumer expectations are moving faster than organizations, and capital is more selective.

Linardos also stated that the boundaries between retail, real estate, technology, policy, and culture “are increasingly blurred.”

At a growth crossroads, progress is a shared responsibility requiring clarity, coordination, and balanced leadership, he said adding over the next two days, the forum will bring together global CEOs, retailers, and real estate leaders, as well as policymakers, academics, investors, and innovators.

“The purpose is clear: to examine how growth is being rebuilt, where it is being redefined, and what leadership looks like in this new context,” the forum chairman said.

Linardos set out details of the NextGen retail challenge, which is developed with the Innovation and Entrepreneurship Center at Princess Nourah bint Abdulrahman University and Monsha’at.

Vice Minister of Economy and Planning Ammar Nagadi used his opening remarks to put his perspective on how economic choices translate into competitiveness and long-term value is especially timely for the discussions ahead.

The 2026 forum is exploring six defining themes that capture the transformation reshaping global trade, consumption, and leadership: Growth in a Reordered World, AI and the Power of Multipliers, Global South as Growth Engine, Experience as Growth Infrastructure, Future Consumer Order, and Leadership Beyond Resilience.