The World Bank’s 9 October brief puts Egypt’s national-method poverty rate at 33.5% in 2021. Urban inflation was 14.9% in July 2026, while food made up more than 44% of spending among the poorest fifth of households.
Equinor said on 9 October that Shell would acquire a 30% interest in Bay du Nord offshore Canada. Equinor will retain 70% and remain operator. The project remains in engineering and evaluation, with a final investment decision targeted for early 2027.
Source: Equinor — Equinor and Shell partner on the Bay du Nord project
The SPGC chief said 100 million cubic metres of production capacity had been restored after four refineries were damaged, with further recovery work underway.
Source: Shana News Agency, citing South Pars Gas Complex (SPGC)
The World Bank’s October 2026 country brief estimates poverty at the $3-a-day 2021-PPP line at 51.2% in 2026, compared with 51.7% in 2021. The figure is an estimate, not a newly released household-survey result.
At the end of a visit to Athens, Minister Karim Badawi reviewed preparations with Chevron executives to connect Cyprus’s Aphrodite field to Egypt’s infrastructure. The ministry listed a long-lead-item procurement decision and a final investment decision as next steps.
Source: Egyptian Ministry of Petroleum and Mineral Resources
Equinor announced a gas discovery at Gullfaks South on 8 October, with recoverable volumes estimated at 0.5–1.6 million standard cubic metres of oil equivalent, or 3.3–10.3 million barrels of oil equivalent.
Source: Equinor — Gas discovery at the Gullfaks field in the North Sea
SUNA’s 8 October weekly report counts 6,337,670 feddans planted for 2026–27. Sorghum has the largest area; reported financing covers 4,954,034 feddans.
Source: Sudan News Agency (SUNA), citing Gadarif’s Higher Committee for Agricultural Season Success
Iran’s gas company said the Hashemi-Nejad complex received and processed 7.095 billion cubic metres in the first six months of 1405, against 6.017 billion in the comparable period a year earlier.
Source: Shana News Agency, citing the Shahid Hashemi-Nejad Gas Refinery
Iraq’s Planning Ministry and World Bank representatives discussed electronic public procurement, contract rules and a possible reform roadmap. The ministry’s notice confirms the meeting, but announces no approved plan, implementation timetable or financing decision.
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