Egypt to Repay $850M to IOCs
Egypt will repay $850 million in arrears to international oil companies (IOCs) operating in Egypt.
Egypt will repay $850 million in arrears to international oil companies (IOCs) operating in Egypt.
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
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).