Economic Reforms | Egypt Oil & Gas
Mining Sector’s Contribution to Egypt’s GDP to Rise to 5% Over Next Two Decades
Minister of Petroleum and Mineral Resources Tarek El Molla aims to raise the contribution of the mining sector to the gross domestic product (GDP) to 5% over the next two decades, the Ministry said in a statement. Thi...
Sector Reforms Contribute to Rising Reserves, Economic Growth: El-Molla
The Minister of Petroleum, Tarek El Molla said that the ministry’s economic reforms have successfully contributed to increasing Egypt’s foreign exchange reserves to $44 billion, Egypt Oil & Gas reports...
Egypt M&A Value Soars to $1.5B in 2018: Mergermarket
Egypt’s mergers and acquisitions (M&A) value increased by 285.6%, reaching $1.5 billion in 2018 with a total of 14 deals, compared to $389 million in 2017 that had only 10 deals, according to Mergermarket. T...
IMF Official: Egypt to Set Pace of Fuel-Subsidy Cuts
Egyptian authorities will determine the date of future fuel-subsidy cuts, according to the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour, Al Mal Newspape...
IMF Board to Review Egypt’s Loan
International Monetary Fund’s (IMF) Director of the Middle East and Central Asia department at the , Masood Ahmed, announced the $2.5b first tranche of the IMF’s $12b loan will be made available to Egypt a...
President Al Sisi Discussed Economic Reforms ahead of IMF Visit
Egypt’s President Abdel Fattah Al Sisi held a meeting with Prime Minister, Sherif Ismail, and members of the Economic Ministerial Committee to discuss economic developments, including the pending loan from the I...
Riyadh Approves National Transformation Plan
Saudi Arabia’s National Transformation Plan (NTP), which outlines the key elements to shift the kingdom’s economy away from its dependence on oil, was approved by the Saudi cabinet, in a broad bid to shape the Kingdom...Page 1 of 1
