Economy | Egypt Oil & Gas - Part 2

Inflation Falls in September

Urban consumer price inflation eased slightly in September, dropping to 31.6% from 31.9% in August.

Monday Minute: Economic Snapshot

A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.

Egypt’s FX Reserves Dropped to $15.5b in July

Egypt’s foreign-currency reserves dropped by 11% in July and net international reserves reached $15.5b, after authorities repaid about $2b in debt. This is the biggest drop in FX reserves that Egypt has faced in 16 y ...

Nigerian Economy Grows Despite Oil Prices, Corruption

Nigeria’s Minister of Finance, Kemi Adeosun, said that the country has recorded an increase in oil revenue in October, despite a continued fall in the price of crude oil, reported the Daily Post.

Sherif Ismail to Form a Ministerial Committee

Prime Minister Sherif Ismail formed a ministerial economic committee under his chairmanship, reported Daily News Egypt. The committee will draw out the general framework for economic and monetary policies, as well me ...

Mauritania Seeks to Develop Partnership with China

Mauritania, one of Africa’s poorest countries and newest oil producer, looks forward to developing its economic relations and partnership with China, a major world economic power.

Norway’s Economy Follows Oil Price

The economy of Norway is a “train wreck in slow motion,” according to Svenska Handelsbanken AB, reported Bloomberg. Norway is western Europe’s largest oil producer, with hundreds of offshore platforms and fields in t ...

Angola Economy Reeling from Low Oil Prices

Angola, Africa’s largest crude producer after Nigeria, is facing extreme austerity measures as it deals with the fallout of low oil prices, reported Bloomberg.

How the Oil Boom Has Shaped Kenya

THE world’s oldest tools are the size of massive fists, sharpened at the edges and seemingly unblemished, having been preserved in ancient soil. They predate the earliest humans and hint at how long it has taken our ...

EGPC, Suez Canal, CBE Drowning in Dues

Tax arrears from the Egyptian General Petroleum Authority (EGPC), Suez Canal and the Central Bank of Egypt (CBE) have reached EGP 35bn, Tax Authority Head Abdel Moneim Matar said on Tuesday.

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