Economic Reforms | Egypt Oil & Gas

El Molla Lauds Petroleum Sector Employees During GTUPW General Assembly

Minister of Petroleum and Mineral Resources Tarek El Molla has praised petroleum sector employees for contributing to the development and enhancement of Egypt's oil and gas industry.

Mining Sector’s Contribution to Egypt’s GDP to Rise to 5% Over Next Two Decades

Ministry of Petroleum and Mineral Resources aims to raise the contribution of the mining sector to the gross domestic product (GDP) to 5% over the next two decades.

Sector Reforms Contribute to Rising Reserves, Economic Growth: El-Molla

Reforms within the Petroleum Sector helped raise the Egypt's economic growth rate from 2% to 5.5% and increase foreign exchange inflows to about $163.6 billion since 2015.

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.

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).

IMF Board to Review Egypt’s Loan

The $2.5b first tranche of the IMF's $12b loan will be made available to Egypt after the IMF’s executive board reviews the program, with the country’s funding package be presented to the fund’s executive board by the ...

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 Intern ...

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.

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