CBE: Banking Sector Fed In $33.7b to Cover State Needs
Sunday, 12th June 2016
The Egyptian banking sector has provided approximately $33.7b to cover the needs of the state and importers requests for foreign exchange between November 2015 and end of April 2016. CBE also aims at providing foreign currency to import fuel and gas supplies.
Petroleum Expert: Fuel Imports Costs to Increase by 5% per Month
Tuesday, 12th April 2016
As Egypt devalued its currency with the current exchange rate standing at EGP10.20 for $1, the price of fuel imports will increase by at least 5% per month, petroleum expert, Aziz Effat, told Egypt Oil&Gas.
The Dilemma of Egypt’s Refining Goals
Tuesday, 9th February 2016
For Egypt, becoming a regional petrochemical and refined product exporter would be a dream come true. If this happens, Cairo would be a heavy-hitting geographic power player, able to lessen the burden on the state budget at a time when refined product imports are less accessible in foreign reserves.