Egypt’s manufacturing index surges 2.6% in May
Egypt’s manufacturing and extractive industries’ index (without crude oil and petroleum products) rose 2.6 percent…
Browsing Tag
petroleum products
Egypt to partially cut natural gas subsidies in August
The Egyptian Cabinet decided on Saturday to partially cut subsidies on natural gas for domestic and commercial…
Egypt’s oil exports rise to $407 mln in two months
Egyptian petroleum exports increased to $407 million during the first two months of 2018 from $385 million during…
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…
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…
