Good morning, friends. We hope the long weekend left you refreshed and ready to tackle another work week. We lead today’s issue with energy news following reports that Israeli Prime Minister Benjamin Netanyahu has put our USD 35 bn gas export agreement on ice as tensions between the two nations approach their peak after Netanyahu […]
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Israel halts its USD 35 bn gas export agreement with Egypt as Egyptian-Israeli relations grow tense
The move shows how gas can be used as leverage, according to Mees
Non-oil private sector activity contracts further in August
Despite the decline in output and new orders, the new export sub-index increased !_Data-PMI_!
Finance Ministry begins rolling out subsidized loans for manufacturers
Around EGP 6 bn has been disbursed under the EGP 30 bn program
Gov’t hikes EV charging tariffs
The Electricity Ministry raised the maximum tariffs for public EV charging stations, introducing new markups for AC and DC networks while leaving home charging rates unchanged
M squared looks to expand in the North Coast, enter Saudi market
The real estate developer is planning new projects, expanding its Ras El Hekma development, and exploring Saudi partnerships to drive growth
Al Taamir Leasing and Factoring closes EGP 1.3 bn securitization issuance
The issuance is part of the company’s EGP 5 bn, three-year program