Company will pursue “promising opportunities” in Egypt’s domestic oil and gas markets with private and public sector strategic partnerships
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By Mohamed Salah Against all expectations, the Central Bank of Egypt announced yesterday that the country’s foreign currency reserves fell by $84 million in September, but remain above the barrier of $15 billion. The international reserves, which reached $15.13 billion in August dropped to $15.04 billion by the end of September as reported by the …
The significant reduction in bank loans to the petroleum and electricity sectors has opened up the chance for other economic sectors in need of financing.