Gulf States’ Fuel Supplies to Egypt Shrink Import Bill

• Monday, 9th May 2016
• by Egypt Oil & Gas

In an statement to Egypt Oil&Gas, Ibrahim Zahran, an oil & gas expert, affirmed that the Gulf States supply of fuel maintained stability in Egypt’s domestic markets as it helped cut down 25% of its current import bill.

Egypt’s Fuel Subsidies Cost Drops 42%

• Sunday, 28th February 2016
• by Egypt Oil & Gas

Egypt's total cost of fuel subsidies has dropped by 42% to record low of EGP 26b in the first half of the current fiscal year, down from EGP 45b in the same period a year earlier.

Gulf Stock Markets Rose Following Oil Price Surge

• Monday, 1st February 2016
• by Egypt Oil & Gas

Gulf stock markets rose sharply for a second straight trading day on Sunday after oil prices surged at the end of January. Egypt's stock index also rose by as much as 2.1% in response to the firm tone of global equit ...