CommoditiesJuly 29 at 01:16 AM

Egypt aims to drill 160 new oil and gas wells with investments of USD 7.2bln, according to Al Arabiya

StockNow breaking-news AI analysis

Egypt plans to invest $7.2bn for 160 new wells to boost production and establish a regional energy hub, supported by major international partners like Eni and BP.

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

U.S. Markets

Eli Lilly (LLY) Q2 2026 (USD): Adj. EPS 8.38 (exp. 6.01), Revenue 23bln (exp. 20.7bln)

LLY Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

U.S. Economy