EGYPT: news on Economy in real time

EGYPT and Mediterranean countries: news on Economy in real time.

IFC Invests in Egyptian Private Equity Fund to Support Business Growth Amid COVID-19

IFC, a member of the World Bank Group, today announced an investment in an Egyptian private equity fund to help improve access to capital for small- and medium-sized companies in the country, supporting their resilience, growth, and ability to create jobs amid the challenges of COVID-19.

Friday 9 October 2020
Egypt moves closer to fuel self-sufficiency with new refinery

In an effort to increase oil processing capacity, Egypt has announced the opening of a major refinery at a cost of 4.3 billion dollars in the Mostorod region. This inauguration will bring the country closer to self-sufficiency in refined fuels.

Thursday 8 October 2020
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Egypt has succed to increase its gas production by 12.4%

The comprehensive strategy adopted by the Egyptian government 5 years ago to develop its natural gas resources continues to bear fruit. The state reports that it recorded a further 12.4% increase in gas production compared to the same period last year.

Wednesday 7 October 2020