Good afternoon, friends. And welcome to another brisk news day here at home.

THE BIG STORY TODAY

EGAS to set up a JV for gas exports in Greece: State gas firm EGAS signed a partnership agreement with Greek infrastructure investment company Copelouzos Group for development of a JV headquartered in Greece focused on the trade, transport, supply, and regasification of natural gas in Eastern European countries and Greece, according to a statement. The agreement follows President Abdel Fattah El-Sisi’s meeting with the chairman of Copelouzos Group discussing supplying natural gas to Eastern Europe and its ongoing study and development stages.

THE BIG STORY ABROAD

Israel bombs hospital camp, burning dozens: Israel dropped airstrikes on Al-Aqsa Martyrs Hospital’s courtyard in Gaza, leading to a fire that burned more than two dozen people and killed over 20, reports AP News.

Nobel prize awarded to inequality researchers: The 2024 Nobel Memorial Prize in Economic Sciences was awarded to Daron Acemoglu and Simon Johnson of MIT, and University of Chicago’s James Robinson, Reuters writes. The winners were chosen for their research on wealth disparities between nations, focusing on the impact of colonization and the current impressions on democracy and authoritarianism.

** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • Analysts see the central bank leaving rates unchanged during Thursday meeting: The Central Bank of Egypt is once again expected to leave interest rates unchanged when it meets on Thursday, as inflationary pressures continue to grow in tandem with rising geopolitical tension in the region.
  • It could be a while before we see any new consumer finance or microfinance firms enter the market: The Financial Regulatory Authority (FRA) has suspended issuing new licenses for companies seeking to operate in consumer finance or microfinance for one year.
  • Bedaya hits the securitization market again: EFG Holding’ NBFI arm EFG Finance’s Bedaya Mortgage Finance has issued EGP 1.4 bn in securitized bonds.

☀️ TOMORROW’S WEATHER- Temperatures finally taking a slight dip, with the mercury expected to reach a high of 32°C and a low of 23°C in the capital tomorrow, according to our favorite weather app.

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