CBE

Sisi Directs Government to Scale Up Mining Sector Development Efforts

El Sisi called for the full administrative and financial governance of the entire system, including the contracts with international partners, to achieve the optimal exploitation of Egypt’s natural resources and preserve the state’s rights.

Egypt to Have One Million NGV within Three Years: El Molla

The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that Egypt will have about 1,000,000 vehicles run on natural gas within the including converting and replacing 450,000 cars during three years in addition to 350,000 was previously converted.

Egypt Gains EGP 930 MM from Sukari Mine Taxes

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.

Petroleum Trade Deficit Records $421 MM in FY 2019/20

The petroleum trade deficit recorded $421 million by the end of the fiscal year (FY) 2019/20, compared to a surplus of $8.1 million recorded in the previous year.

Monday Minutes: Economic Snapshot

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

Monday Minutes: Economic Snapshot

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

Egypt Records First Hydrocarbon Trade Surplus in 5 Years: CBE

Petroleum exports amounted to $3.2 billion while imports stood at $2.4 billion during Q4 2018.

CBE to Offer Loans for Natural Gas Vehicle Conversion

The Central Bank of Egypt (CBE) will offer 5% interest loans to encourage car owners to transform their vehicles to natural gas-powered or mixed-fueled cars, running with both natural gas and gasoline

Petroleum Exports Profit Increases by 33.14% YOY

Egypt's petroleum exports profit increased by around 33.14% year-on-year (YOY) as the country exported petroleum worth $8.773 billion in fiscal year (FY) 2017/18, compared to $6.5895 billion during 2016/17.

Inflation Falls to 11.4% in May

Egypt’s annual headline consumer price inflation (CPI) fell 1.7% in May 2018.

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