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El Molla appoints new heads for Enppi and Petrogas
The move was part of a wider shuffle at the Oil Ministry
Gov’t taps sugar reserves to calm soaring prices
Sugar prices have hit record highs this year and have soared more than 50% inside the last week alone
World Bank to help localize climate-friendly agritech in Egypt + An African PE outfit wants a stake in a local pharma firm
GREEN FARMING- The World Bank will help Egypt localize climate-friendly agritech. (International Cooperation Ministry statement) PHARMA M&A- Rwanda-based private equity…
Five int’l firms qualify for freight railway bypass tender. PLUS: ACUD, Beeah, wheat, Telecom Egypt
THE RACE IS ON FOR RAIL CONTRACT: Five international firms — including Chinese rail firms CRIG and CRRC, Siemens, Alstom,…
Cabinet greenlights stricter penalties for unauthorized groundwater drilling
Fines for illegal drilling can go up to EGP 500k
On internet outages, corruption, and misinformation
No one story dominated the airwaves last night, as the nation’s talking heads discussed the nationwide internet outage, the corruption…
Regional instability requires military strength, Zaki tells Egypt Defense Expo
Defense Minister Mohamed Zaki’s speech during the Egypt Defense Expo (EDEX) dominated the airwaves last night, as the nation’s talking…
FinMin looks to India for potential bond offering, could tap up to USD 1 bn in separate “sustainability bonds” next year
Egypt has been shut out of Western capital markets, forcing it to turn to to more unconventional sources of finance
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