INFRASTRUCTURE-

Investors will be able to bid on two new industrial wastewater treatment plants, valued at over USD 100 mn, in September when the Finance Ministry offers them for tender, the ministry’s public-private partnership unit head Atter Hannoura told Al Borsa. One of the plants will have a capacity of 30k cbm and will be located in Alexandria’s freezone, while the other will be in Abu Rawash in Giza.

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EXPANSION-

Local ICT services provider Summit Technology Solutions is looking to expand into Iraq late 2025 or early 2026 as part of a broader MENA expansion strategy that will also see it step foot in the Syrian market and potentially Algeria and Morocco, CEO Sherif Hamzawy said in a statement. Meanwhile, its UAE presence will serve as a regional operations hub and launchpad into other GCC and Asian markets including Pakistan.

NBFS-

Four NBFS players secure licenses: The Financial Regulatory Authority (FRA) has granted licenses for four companies to expand or begin non-banking financial services operations, according to a statement. Al Ahli Kuwait – Egypt Leasing and EFS Financial Solutions secured the license to add factoring to their activities. Aspire Capital Holding got the nod to operate investment funds, and Aur Capital got its license to begin operations. The FRA also gave AAIB and Alexbank the green light to trade in government securities on the secondary market.

ENERGY-

Egypt, UAE to study regional energy logistics cooperation: The Oil Ministry signed an MoU with AD Ports Group and project manager TCM to explore joint cooperation on regional crude logistics, according to a statement. The agreement will look at ways to integrate Egypt’s strategic oil reserves infrastructure with AD Ports’ digital and operational capabilities to boost energy security, ease crude trade flow, and strengthen supply chain resilience.

SOCIAL PROTECTION-

Takaful and Karama payouts just got a bump: Cash support under the Takaful and Karama program increased 25%, according to a statement. The increase comes as part of the state’s broader social protection framework, which covers some 7.7 mn households.

TRANSPORT-

Uber launched UberXL in Egypt, offering a more spacious ride option for customers, according to a company statement (pdf). The service allows riders to book larger vehicles — including SUVs, minivans, and crossovers — through the Uber app. The service is now available in Cairo, with plans to roll it out in other cities depending on how well it is received.

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