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Oil and Gas

ADNOC closes 50% stake acquisition of TotalEnergies Marketing Egypt

Announced in July 2022, the acquisition marks the UAE company’s entry into the Egyptian market

East Med Gas Forum’s recent discoveries will alleviate Europe’s gas issues | El-Sisi

El-Sisi pointed out that the volume of supply was not at the required level during the past years

Egypt’s IPO program details 32 companies up for sale in the coming 13 months

The Egyptian cabinet has resumed its IPO program to sell its stakes in state-owned companies, announcing 32 planned companies

Egypt’s trade deficit narrowed by 18% in Q1 FY2022/2023 | CBE

Data on the non-oil merchandise trade deficit revealed an uptick of $2 billion to $9 billion during the July-September period, compared to $11 billion recorded in Q1 FY2021/2022

Current account deficit shrinks 20% during July -Sept. 2022 period | CBE

The BOP saw an overall surplus of $523.5 million in Q1 of FY2022/2023