Trade Deficit Drops in Q1
Egypt's trade deficit fell 5% in the first quarter of fiscal year (FY) 2017/2018 to approximately $8.9 billion.
Egypt | Egypt Oil & Gas - Part 295
Egypt to Receive $2B from the IMF in Mid-2018
Egypt will receive a $2 billion installment of its $12 billion loan from the International Monetary Fund (IMF) in June or July.
Polybutadiene Factory Proposed
The Egyptian Ethylene and Derivatives Company (ETHYDCO) plans to build a $100-million polybutadiene rubbers factors.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
IMF Approves $2 Billion Loan Installment
The International Monetary Fund (IMF) approved a $2 billion installment of the second tranche of its $12 billion loan to Egypt.
Schlumberger, TGS Announce Survey in Red Sea
Schlumberger and TGS-NOPEC Geophysical Company (TGS) announced a new project to conduct a 2D seismic survey in the Red Sea.
TransGlobe Increases Output by 27%
TransGlobe Energy Corporation announced that its production had increased by 27% in 2017.
Eni: Zohr Production Began in “Record Time”
Production from the Zohr natural gas field started "in a record time for this type of field of less than two and a half years."
Shaker: Nuclear Power to Save Egypt $7 per Million Thermal Units
The planned El Dabaa Nuclear Power Plant could save Egypt approximately $7 per one million thermal units, the Minister of Electricity and Renewable Energy, Mohamed Shaker, stated.
Gas-Market Regulations to be Issued in February
The government will publish its executive regulations for the new gas-market law in February.
