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Oil Ministry appoints new EGPC chairman
Oil Minister Tarek El Molla has appointed Alaa Al Batal as chairman of the Egyptian General Petroleum Corporation (EGPC), effective…
Gov’t targets USD 7 bn oil FDI in 2022-2023
The Oil Ministry wants to attract USD 7 bn of foreign direct investment (FDI) into the oil and gas sector…
Budget deficit widens to 3.9% in 1H2021-22
Egypt’s budget deficit stood at 3.9% in 1H2021-2022, widening from 3.6% in the first half of last fiscal year, Finance…
Another USD 2.6 bn in ITFC financing on the horizon?
Egypt to get USD 2.6 bn in financing from ITFC? The International Islamic Trade Finance Corporation (ITFC) has approved USD…
Gov’t could turn to sustainable development bonds to help fund Decent Life
Egypt is considering the issuance of sustainable development bonds to finance the Decent Life initiative, International Cooperation Minister Rania Al…
Korean presidential visit brings USD 1.3 bn in new financing, raft of cooperation agreements
We could have a trade agreement with South Korea soon: President Abdel Fattah El Sisi and South Korean President Moon…
THIS MORNING: A horrible week for stocks and BTC could get even worse amid saber rattling between Moscow and the west
Good morning, nice people, and welcome to a chilly first day of the workweek. Our big story this morning: The…
Last Night’s Talk Shows: Minimum wage hike tops the agenda for second day running
The 12.5% hike to the minimum wage announced on Tuesday continued to dominate the airwaves on a quiet night last…
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