Thursday, 8th September 2016Egypt has managed to primarily secure the additional funding required to proceed in the International Monetary Fund (IMF) loan. Efforts exerted by both the CBE and Egyptian government resulted into securing the requested financing package of $6b.
Monday, 5th September 2016The crown prince of Saudi Arabia, Mohammed Bin Salman, met the Russian President, Vladimir Putin, on the sideline of the G20 summit in eastern China, to discuss possible cooperation regarding oil production freeze proposal in an effort to rebalance global markets.
Monday, 5th September 2016During the G20 Summit in China, the Egyptian President, Abdel Fattah El Sisi, gave a speech with a special reflection on the country's energy sector. El Sisi stated that enhancing cooperation in the energy field is vital due to the ongoing changes in global markets.