GDP | Egypt Oil & Gas - Part 2

El Molla: Natural Gas Accounts for 15% of Egypt GDP

Natural gas accounts for 15% of the Egypt’s gross domestic product (GDP), Minister of Petroleum Tarek El Molla has said, according to Amwal Al Ghad. El Molla, speaking on the sidelines of the 15th International ...

Egypt’s Budget Deficit Decreases to 1.9% in Q1 2018/19

Egypt’s budget deficit decreased to 1.9% during Q1 of fiscal year (FY) 2018/19, compared to 2% in the previous fiscal year, stated Minister of Finance Mohamed Maait, according to Reuters. Egypt is working to bri...

Egypt’s Growth to Reach 4.5% in 2017/2018

Egypt’s growth has been forecasted to increase to 4.5% during fiscal year (FY) 2017/2018, compared to 4.2% in FY 2016/2017, due to the ongoing economic reforms and the developed business climate, which paves the way t...

EBRD Predicts 4.5% GDP Growth

The European Bank for Reconstruction and Development (EBRD) predicts that Egypt’s economy will grow at 4.5% in fiscal year (FY) 2017/2018, Egypt Oil & Gas reports. Higher tourism numbers and healthier oil exports ...

IMF: Economy to Grow 4.5% in FY 2017/2018

The International Monetary Fund (IMF) projects that Egypt’s economy will grow by 4.5% in fiscal year (FY) 2017/2018, Amwal Al Ghad reports. For the current calendar year, the IMF expects the economy to expand by 4.1%,...

Kuwait Increases Oil Exports to China

Kuwait’s crude oil exports to China increased by 37.5% in April 2017, from a year earlier, to reach 1.63m tons, which is equivalent to 397,000b/d, reported Kuwait News Agency (KUNA). According to the General Adm...

IMF Expects Egypt to See 3.3% Growth Decline in 2016

The International Monetary Fund (IMF) in its World Economic Outlook (WEO) reports predicted a 3.1% growth in emerging markets in the next two years, compared to 2.5% in 2015, Daily News Egypt reported, with Egypt expe...

Kuwait’s 5-Year Plan to Sustain Non-Oil Growth

Kuwait’s non-oil growth will maintain a steady 5% in 2015 and 2016 as project implementation improves, a report said. Kuwait’s economic growth is set to maintain a healthy pace despite last year’s collapse in oil pric...

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