CBE | Egypt Oil & Gas
Afreximbank Launches $100 Mn Gold Refinery Project in Egypt
The African Export-Import Bank (Afreximbank) will inject between $50 million and $100 million to construct a landmark gold refinery in Egypt, with execution scheduled to begin by the end of 2026, Ayman Elzoghby, Head ...
El-Sisi Stresses Exploration and Partnerships to Strengthen Petroleum Sector
President Abdel Fattah El-Sisi held a meeting with Prime Minister Mostafa Madbouly, Minister of Petroleum and Mineral Resources, Karim Badawi, Minister of Finance Ahmed Kouchouk, and Governor of the Central Bank of Eg...
Madbouly Reviews Strategies to Boost Egypt’s Oil and Gas Sector
Prime Minister Mostafa Madbouly has held a meeting to review the needs of the oil and gas sector, as well as efforts to increase petroleum products. This was in the presence of Hassan Abdullah, Governor of the Central...
Sisi Directs Government to Scale Up Mining Sector Development Efforts
President Abdel Fattah El-Sisi has instructed the government to step up efforts for developing the mining sector to be integrated with the strategic development vision of the country, a press release reported. He call...
Egypt to Have One Million NGV within Three Years: El Molla
Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that Egypt will have about one million vehicles running on natural gas within the coming three years. This will be achieved through converting a n...
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 of taxes exceeding EGP 930 million from Sukari gold mine, since the start of operation and until the last of Decemb...
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, according to the Central Bank of Egypt (CBE). The decl...
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. July 27 to August 10 Coverage: CBE announced that net international reserves reached $38.314 bil... 
