COOP Signs Protocol to Establish Stations in Qena
Petroleum Cooperative Society Company (COOP) signed a protocol with the Qena Governorate Local Services and Development Fund to establish automobile-maintenance stations and a filling station.
News / Egypt
Oil Receives 1% of Investments
Oil investments equaled 1% of the money invested in Egypt during the third quarter of fiscal year (FY) 2016/2017.
Shell Participates in the BEBA Delegation
Shell Egypt was among the firms in the delegation of the British Egyptian Business Association (BEBA) to the UK.
Trade Deficit Drops in Q1
Egypt's trade deficit fell 5% in the first quarter of fiscal year (FY) 2017/2018 to approximately $8.9 billion.
Egypt to Receive $2B from the IMF in Mid-2018
Egypt will receive a $2 billion installment of its $12 billion loan from the International Monetary Fund (IMF) in June or July.
Polybutadiene Factory Proposed
The Egyptian Ethylene and Derivatives Company (ETHYDCO) plans to build a $100-million polybutadiene rubbers factors.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
IMF Approves $2 Billion Loan Installment
The International Monetary Fund (IMF) approved a $2 billion installment of the second tranche of its $12 billion loan to Egypt.
Schlumberger, TGS Announce Survey in Red Sea
Schlumberger and TGS-NOPEC Geophysical Company (TGS) announced a new project to conduct a 2D seismic survey in the Red Sea.
TransGlobe Increases Output by 27%
TransGlobe Energy Corporation announced that its production had increased by 27% in 2017.
