INVESTMENT-

US oil giant Halliburton is mulling more investment in the Egyptian market, the company’s President Eastern Hemisphere Shannon Slocum said during a meeting with Oil Minister Karim Badawi. The company wants to invest more in the sector and is currently evaluating potential investments, Slocum said.

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Halliburton has been loving Egypt as of late: The firm is reportedly working to bring threegas wells online in 1H 2025, as part of its Burullus project in the West Delta. It is also working to finish preparation work on four deepwater gas wells by year’s end.

INFRASTRUCTURE-

One step towards the long-awaited rail link between Egypt and Sudan: The two neighbors inked an agreement to study setting up a rail link between them with KWD 750k (c. USD 2.4 mn) in funding from the Kuwait Fund for Arab Economic Development, according to a statement. The two sides will set up a committee to follow up on the study.

AVIATION-

Could foreign airlines start operating domestic flights? The ministries of tourism and aviation are in discussions over potentially allowing foreign airlines to operate domestic flights in Egypt, Tourism Minister Sherif Fathy said during a presser yesterday. He explained that the decision would help boost the number of domestic flights operated.

DEVELOPMENT FINANCE-

The government is set to launch a EUR 271 mn green industry program in 1Q 2025 to support the industrial sector and help it cut back on carbon emissions with low-interest financing, Egyptian Environmental Affairs Agency CEO Ali Abo Sena told Al Mal. The five-year program will offer financing at rates as low as 3.5% to help reduce harmful emissions, with a focus on critical industries such as fertilizers, steel, cement, and aluminum, according to Abo Sena. The money will come from various international bodies, including the EU, the European Investment Bank, the French Development Agency, and Germany’s KfW Development Bank.

EDUCATION-

A step towards more inclusive education: Our friends at CIRA Educations have partnered up with Ataa Fund, Fahim Foundation, and Safe Egypt to foster “inclusion and safeguarding across educational institutions in Egypt,” according to a statement(pdf). “This partnership represents a pivotal step toward transforming education in Egypt … we are building a sustainable model for inclusion and safety that empowers every student to thrive, regardless of their background,” CIRA Chairman Hassan El Kalla said.

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