Economy | Egypt Oil & Gas - Part 2
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience. Covering October 16th to October 23rd. Egypt is targeting a budget deficit of 4-5% by 2022, accor...
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience. Covering October 9th to October 16th. 1) The IMF will issue the third tranche of its $12 billion ...
Inflation Falls in September
Urban consumer price inflation eased slightly in September, dropping to 31. 6% from 31.9% in August, Reuters reports. Core inflation declined to 33.26% in September from 34.86% in August. “The decline in core inflatio...
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience. Covering October 3rd to October 9th. 1) Tax revenues rose in FY 2016/2017 to EGP 464.4 billion, u...
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 b in debt. This is the biggest drop in FX reserves that Egypt has faced in 16 year...
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. Adeosun shared the st...
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 met...
Mauritania Seeks to Develop Partnership with China
Mauritania, one of Africa’s poorest countries and newest oil producers, looks forward to developing its economic relations and partnership with China, a major world economic power, The North Africa Post reported. Maur...
