Egypt

  • Monday Minutes: Economic Snapshot

    Monday Minutes: Economic Snapshot

    Monday, 25th January 2021

    A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

  • Energean Announces Final Investment Decision for Offshore Egypt Project

    Energean Announces Final Investment Decision for Offshore Egypt Project

    Thursday, 21st January 2021

    Energean announces the North El Amriya (NEA), and North Idkunea concession (NI) Final Investment Decision in offshore Egypt.

  • Egypt Applies New Jet Fuel Price Reductions

    Egypt Applies New Jet Fuel Price Reductions

    Thursday, 21st January 2021

    Egypt reduces jet fuel prices by 15 cents per gallon until the end of 2021 to support the tourism and aviation sectors.

  • Apex Announces New Oil Discovery in Western Desert

    Apex Announces New Oil Discovery in Western Desert

    Monday, 18th January 2021

    Apex International Energy (Apex) announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt.

  • Monday Minutes: Economic Snapshot

    Monday Minutes: Economic Snapshot

    Monday, 18th January 2021

    A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

  • MoP to Supply Natural Gas to 60 New Regions

    MoP to Supply Natural Gas to 60 New Regions

    Monday, 18th January 2021

    Egypt planned to supply natural gas to more than 60 new regions, which already supplied to 34 regions of them at the beginning of the fiscal year (FY) 2020/21.

  • Egypt to Establish City for Gold Industry

    Egypt to Establish City for Gold Industry

    Sunday, 17th January 2021

    The President Abdel Fattah Al-Sisi directed to establish an integrated city for gold industry in Egypt to reflect its ancient history, according to the Spokesman of Egyptian the Presidency, Bassam Radi.

  • GPC’s Production Hits New Record of 68,000 bbloe/d

    GPC’s Production Hits New Record of 68,000 bbloe/d

    Sunday, 17th January 2021

    Egypt allocated investments with EGP 5 billion to the General Petroleum Company (GPC) to increase drilling exploration and development wells.

  • Egypt Gains EGP 930 MM from Sukari Mine Taxes

    Egypt Gains EGP 930 MM from Sukari Mine Taxes

    Thursday, 14th January 2021

    The General Manager of Centamin Egypt, Youssef El Raghy, announced that Egypt received a total amount exceeding EGP 930 million from Sukari gold mine, since the start of operation until the last of December 2020.

  • Egypt to Receive $1.1 B Fund From ITFC

    Egypt to Receive $1.1 B Fund From ITFC

    Wednesday, 13th January 2021

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of an agreement with the International Islamic Trade Finance Corporation (ITFC) to provide integrated financing solutions to all Egypt's sectors for 2021 worth $1.1 billion. This was in the presence of Hala El Said, the Minister of Planning and Economic Development, Ali Al-Moselhi, the Minister of Supply and Internal Trade, Rania Al-Mashat, the Minister of International Cooperation (MOIC), and Neveen Gamea, the Minister of Trade and Industry via video conference.

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