Egypt's Minister of Petroleum and Mineral Resources Tariq el-Molla held discussion sessions with Saudi Minister of Energy, Industry and Mineral Resources on means of boosting joint cooperation in the fields of petroleum, gas, and mineral wealth.
The meeting took place on the fringe of the World Economic Forum held at the Dead Sea resort city in Jordan. The two ministers exchanged views on opportunities of oil and gas exploration in the Red Sea and means of intensifying search and exploration operations in the coming phase.
Egypt has recently launched an international tender for new explorations in 10 areas in the Red Sea.
The meeting also reviewed means of increasing activities of mining, exchanging information as well as working on implementing a strategy for the development of such a vital sector which is one of the basic sources of economic revenues.
Meanwhile, Molla and Egypt's Minister of Investments and International Cooperation Sahar Nasser attended a session of talks with a number of Jordanian ministers on the fringe of the World Economic Forum.
The Egyptian and Jordanian sides reviewed arrangements for a meeting of the higher Egyptian-Jordanian Committee due to convene soon.
The Annual Summit of Capital Markets 2019 will kick start on Tuesday, titled “Funding instruments and opportunities to accelerate growth and stimulate capital markets”. The Financing Instruments’ Issuers and Investors Association (FIA) is set to organize the Annual Summit of Capital Markets 2019, in cooperation with Consortium Consulting.
The conference will discuss the future of an active secondary market for finance and fixed-income instruments to ensure the continued flow of investments to issuers of such instruments through financial markets, and not limiting them to financing from banks, which deepens the market and creates competition in the supply of money between banks and financial markets.
The conference aims to raise awareness on financial tools and solutions for financial managers in order to provide their funding needs through a combination of elements which suit the companies and the conditions of the markets in which they work, in cooperation with Consortium Consulting.
