Cabinet dismisses rumours of new fuel-price hikes in Egypt
The Egyptian Cabinet has dismissed "rumours" of new price hikes for fuel and petroleum products. The Cabinet's…
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petroleum products
Egypt’s Oil Minister says no plans to increase fuel prices in FY2017/18
Egypt's Petroleum Minister Tarek al-Molla reiterated on Thursday that the Cabinet does not plan to raise the…
Sumed, NBK sign deal to boost oil products in Egypt’s Ain Shokna
Sumed company and the National Bank of Kuwait (NBK) signed an a agreement to provide $300 million to finance…
Kuwait, Egypt sign petroleum products deal, Cairo to pay in cash
Kuwait has recently signed a deal to supply Egypt with petroleum products for which Cairo will pay in cash, Al-Rai…
National Bank of Egypt signs $100 mln with SUMED
Egypt’s biggest public lender, National Bank of Egypt (NBE) has signed Wednesday a $100 million loan with Arab…
Egypt’s petroleum imports down 72% in October: CAPMAS
Egypt's petroleum imports fell 72.4 percent to $1.12 billion in October 2015 down from $3.663 billion in the same…
Oil price drop spurs Egypt fuel subsidy phase-out once more
The continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to reduce…
Falling Oil Prices Both Blessing, Curse for Egypt
Egyptian economists are watching the decrease in oil prices with satisfaction and anticipation. Their satisfaction…
Egyptian Petroleum Sector Hits EGP30 billion Profits in 1 Year
The Business results of Egypt's petroleum public sector, Holding companies and Egyptian General Petroleum…
Egypt’s EGPC to Buy 65% Oil Imports from UAE’s ADNOC
Egyptian General Petroleum Corporation (EGPC) will buy 65 percent of its oil product imports from the United Arab…
