Egypt’s petroleum ministry says a new national charter with the World Bank will pursue legal, financial, geological-data and digital reforms; the 6% GDP figure is a target, not a current contribution.
Source: Egyptian Ministry of Petroleum and Mineral Resources — World Bank mining charter
The petroleum ministry said drilling at Narges-2 confirmed an extension of previously identified gas-bearing layers and a further layer, while stressing that resource evaluation and development studies remain under way.
Source: Egyptian Ministry of Petroleum and Mineral Resources — Narges-2 well results
Eni raised its 2026 adjusted cash-flow outlook to €16.5 billion, announced a €1.3 billion extraordinary dividend and increased its share-buyback plan to €3.8 billion. Upstream output rose 7% to 1.83 million barrels of oil equivalent a day in the third quarter.
A non-exclusive memorandum sets a framework for evaluating offshore drilling opportunities, starting in Egypt; it does not award a project or commit either company to a specific operation.
Source: Saipem — Saipem and Modern Drilling Company join forces to pursue new offshore drilling opportunities
Petra reported an executive agreement for a southern Jordan copper project. Early geology points to about 45 million tonnes of ore, but feasibility, environmental review and permits must precede operations.
Petra reported that Abu Khashiba’s preliminary resource estimates vary by assessment method: an internal estimate is 20.9 million tonnes of ore and an independent assessment is 9.4 million tonnes. Exploration and pilot-plant work continue.
Insee’s 23 October survey found France’s public-works order-book balance fell to minus 53 in October, its lowest reading since April 2016. The share of firms citing insufficient demand rose to 64%, while labour shortages eased to 12%.
Source: National Institute of Statistics and Economic Studies (Insee)
Italy issued 426,956 new residence permits to non-EU citizens in 2025, up 47.2% year on year, Istat reported on 22 October 2026. Family and study permits rose sharply, while asylum applications fell 15.1%.
Source: Italian National Institute of Statistics (Istat)
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