Central Bank of Egypt (CBE) | Egypt Oil & Gas

El-Sisi Appoints Hassan Abdalla as CBE’s Acting Governor

President Abdel Fattah El-Sisi has appointed Hassan Abdalla,  the CEO of United Media Services (UMS), as Acting Governor of Central Bank of Egypt (CBE).

State Allocates EGP 680.56 B to EGPC’s FY 2020/21 Budget

The Egyptian General Petroleum Corporation’s (EGPC) budget for the fiscal year (FY) 2020/21 was set at EGP 680.56 billion.

Oil Trade Balance Records Surplus

The oil trade balance recorded a surplus for the first time since Fiscal Year (FY) 2012/13, registering $8.1 million as a result of the leap in investments in the oil and gas sector, a press release by the Central ...

MSMEDA Turns 34,400 Vehicles into Gas-Powered Ones

Micro, Small and Medium Enterprise Development Agency (MSMEDA) funded EGP 274 million to turn 34,400 vehicles into being gas-powered ones.

Egypt Pays $30B to Foreign Bodies in 2017

Egypt paid $30 billion to foreign bodies in 2017, and is committed to pay over $12 billion in debts and commitments in 2018.

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