Energean could sell 8 bn cubic meters of natural gas per year to Egypt from a newly-discovered field off the Israeli coast, the energy company said (pdf) yesterday. The company has already inked an MoU with the Egyptian General Petroleum Company to supply the gas and could soon sign a binding agreement.

Other things we’re keeping an eye on this morning:

  • The luxury Dubai-based Address hotel is coming to Egypt: Emaar Hospitality will launch the Address Marassi Marina next year. The Address is a house brand of Emaar. (Zawya)
  • Egypt wants local wheat to cover 65% of the country’s consumption by 2025, up from 45% in 2020, Planning Minister Hala El Said told the House of Representatives. (Statement)
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