Good morning, all. We kick off this very hot day with a busy issue led by trade news as we break down what went down during day one of the US-Egypt Policy Leaders Forum, the latest updates regarding our summer gas imports, and the government gearing up to issue fresh sukuk. HAPPENING TODAY- It’s day […]
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The Somabay Endurance Festival returns for its 7th edition from Thursday, May 29 to Saturday, May 31, 2025, at the Red Sea. Organised by The TriFactory, the event features Super Sprint, Sprint, Olympic, Youth, 1K Kids, and 10K races—uniting athletes of all ages for a weekend of competition, fitness, and fun at Somabay.
US-Egypt trade relations set for a boost with soon-to-be-announced customs agreement
The customs agreement is in its “final stages,” according to both Garg and Madbouly
Gov’t readies USD 1.5 bn sukuk issuance before the end of 1H 2025
Issuance proceeds will be used to repay some USD 1.5 bn of maturing 10-year bonds issued back in June 2015
We have LNG shipments, regasification units coming our way next month
The Madbouly government wants to triple its LNG imports to 1.8 bcf/d
TMG inks MoU with Iraqi government to develop Baghdad project
The project will span 14 mn sqm and include 46k residential and commercial units
FRA grants CIRA more time to submit its MTO for a larger piece of CAED
PLUS- Ajwa Group eyes a majority stake in Saudi logistics firm Atco
Hermes Securities Brokerage closes EGP 900 mn short-term note issuance
The 12-month bond comes with a floating interest rate
Madinet Masr sees dip in income, revenues due to a market correction period
Real estate developer Madinet Masr saw its net income dip 32.6% y-o-y in 1Q 2025 to EGP 794.9 mn, according to the company’s latest earnings release (pdf). Revenues fell 16.7% y-o-y during the quarter, coming in at EGP 2.6 bn. (Tap or click the headline above to read this story with all of the links […]