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Al-Ahli’s Q2 profit rises to 6.61B riyals

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Al-Ahli’s Q2 profit rises to 6.61B riyals

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Research and Media partners with STC

Al-Ahli's Q2 profit reaches 6.61 billion

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Al-Ahli's Q2 profit reaches 6.61 billion

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الاقتصادية - CNN

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Midor expands pipeline to New Alamein

Midor expands pipeline to New Alamein

Mideast Company (Midor) is working to strengthen its presence in the Egyptian market by implementing a plan to connect its products to the Red Area and New Alamein City, aiming to expand distribution and support fuel supplies in coastal and new developmental regions. This comes after completing its largest expansion project, which increased its refining capacity from 100,000 barrels per day to 160,000 barrels per day, with investments totaling approximately $2.7 billion. Midor produces around 280,000 tons of LPG, 1.6 million tons of high-octane gasoline, and 5 million tons of diesel and jet fuel annually, with a significant portion of the surplus, especially jet fuel, exported. The company focuses on improving operational efficiency through digital transformation programs and preventive maintenance, utilizing advanced technology to process various types of crude oil, thereby enhancing its operational flexibility and meeting both local and European demand, supporting Egypt's vision as a regional energy hub.

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