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UAE’s Dana Gas says received some bids for its Egyptian assets
UAE-based Dana Gas announced on Wednesday it had received bids from a number of companies seeking to buy its assets…
Bloomberg: Egyptian pound delivering another strong performance this year
The Egyptian pound is delivering another strong performance this year following a record appreciation in 2019,…
Oilfield service giant Schlumberger introduces Egypt Upstream Gateway project
U.S. oilfield services giant Schlumberger and the Egyptian Ministry of Petroleum introduced on Tuesday the Egypt…
World Bank’s IFC says invested $10 billion in Egypt in 10 years
The World Bank’s International Finance Corporation (IFC) had invested $4 billion over the past decade in Egypt,…
Telecom Egypt may sell Vodafone stake to STC: sources
Telecom Egypt may sell its 45 percent stake in Vodafone Egypt to Saudi Telecom Co. (STC), telecommunications sector…
Egypt received inflows of $200 bln in 3 years since currency float
Egypt’s central bank governor Tarek Amer said on Tuesday the country had received foreign cash inflows of around…
Egypt negotiating IMF for technical assistance – c.bank governor
Egypt is negotiating with the International Monetary Fund (IMF) for technical assistance on non-financial…
Egypt cuts energy subsidy spending in H2-2019
Egypt has cut its spending on energy subsidies to 9.88 billion Egyptian pounds ($631 million) during the second…
EIB backs Egypt’s Tanta-Mansoura – Damietta railway upgrade scheme
The European Investment Bank (EIB) has on Monday signed a cooperation agreement to provide up to €1.5 million ($1.6…
Egypt’s net government debt issuances 12% up in H1-2019/20
Egypt’s net government debt issuances rose by around 12 percent year-on-year in the first half of the 2019-20…