Egypt

The Egyptian Natural Gas Holding Company (EGAS) has awarded six new exploration blocks to a group of international companies, with expected investments totaling approximately $245 million, as per a statement.

Egypt's annual headline inflation recorded 16.5% in May, versus 13.5% in April, as reported by the Central Agency for Public Mobilization and Statistics (CAPMAS) on June 4th.

The Egyptian Cabinet has approved petroleum commitment agreements for five projects, signed between the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and several international companies, as per a statement.

Egypt’s annual core consumer price index (CPI) inflation recorded 22.6% in January 2025, compared to 23.2% in December 2024, according to the Central Bank of Egypt (CBE) data.