Income Statement (SUEZ)

An oil-drilling barge has sunk in the Gulf of Suez, killing at least four crew members and leaving four others unaccounted for. The Egyptian government said on Wednesday that 22 people were injured … [+850 chars]...

The 650MW Gulf of Suez Wind Farm II in Egypt has commenced commercial operations and will provide enough clean electricity for 1.1 million households. The wind farm is operated by Red Sea Wind Energ… [+1934 chars]...

Mauritian Kim Le Court became the first African to win a stage on the womens Tour de France.. It was a case of double celebration for the 29-year-old who, on Wednesday took the fifth stage honours i… [+1675 chars]...

A drilling rig has sunk in the Gulf of Suez, Egypt’s Petroleum Ministry has reported, citing the company operating the barge. Four members of the 31-person crew were killed in the incident while six … [+1367 chars]...

The deal, valued at $20m, is expected to generate approximately 500 direct employment opportunities. The factory is projected to produce up to 18 million tonnes of denim fabric each year. Half of th… [+2419 chars]...

Ann Arbor (Informed Comment) – The only place I’ve ever heard of along the Egyptian mainland’s Red Sea coast is the resort city of Hurghada . I never got there, being a workaholic. I was mainly a Cai… [+3293 chars]...