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 | Egypt Oil & Gas - Part 2
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.
Egypt to Repay $850M to IOCs
Egypt will repay $850 million in arrears to international oil companies (IOCs) operating in Egypt.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Net FDI in the Oil Sector Rises 135%
Net foreign direct investment (FDI) in the oil sector rose by 135% in fiscal year (FY) 2016/2017, according to the Central Bank of Egypt (CBE).
Egypt to Issue New Draft Banking Law
Egypt will issue a new banking law to regulate the Egyptian banking sector and the work of the Central Bank of Egypt (CBE). Egypt Pays $750m to IOCs
Egypt paid total $1.5b in arrears to international oil companies (IOCs) in May and June.
