Egypt
Eni, BP, Qatar Energy, and Zarubezhneft expected to invest about $281 million
Country received in December $347 mn installment from $3 bn loan program
In pursuit to seek cost-effective alternative to Russian grain
Core inflation showed a slight decrease
Urban consumer inflation in Egypt to reach 37.1 percent
Egypt plans to invest $1.5 billion into drilling 35 LNG wells by 2025
BRICS membership to enhance Egypt’s financial position
Foreigners who want to be an Egypt citizen must pay in dollars
BP is investing $3.5 bn for gas exploration in the country
Both vessels had previously made their latest port calls at Port Said
Need to supply domestic and European markets amid economic crisis
Will help increase oil production rate by 10 percent
The flagship EGX30 index grew by 0.54 percent
Remittances significantly dropped in Q1
Fixed-line subscribers and fixed-broadband internet customers grew by 5% and 8%
An additional 1.2 million seats on flights from the UK to Turkey compared to 2019
Agency warned of asset sales being offset by declining external liquidity
Initial budget surplus for the fiscal year 2022-2023 stood at 1.63 percent
Zohr's production is currently at 2.3 billion cubic feet per day (bcfd)
