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ExxonMobil to drill first exploratory well in Egypt in October. Plus: Oriental Weavers’ net income doubles in 2023
Exxon is also gearing up to explore for gas in its Masry and Cairo other two concessions this year
FRA approves B Investments’ acquisition of Orascom Financial. PLUS: Synergy Capital, Ras El Hekma, Egyptian Healthcare Authority, Qalaa Holdings, green hydrogen
B Investment' board in December agreed to an MTO swap ratio of one B Investments share to 56.76 OFH shares
Aman Holding and Contact Financial plan GCC expansions in 2024. PLUS: GB Capital + Golden Coast sukuk news, new gold fund, Banknbox + SWFT, PayTabs
Aman Holding will start providing installment services in Saudi Arabia in the second half of the year
MPs give nod to quadrupling the price tag of passports. PLUS: Saudi Egyptian Industrial Investment to invest USD 5 mn in new pharma production line
The amendments will raise the issuance fee of passports to EGP 1k from EGP 250
Energean to release Orion results in two to three weeks. PLUS: Egypt to establish Tanzania-Rwanda logistics corridor
The well is projected to hold c. 10 tn cubic feet of natural gas
Shift EV eyes larger 50k annual capacity factory. PLUS: GB Auto Jordan expansion, El Gouna solar power, oil and gas news, debt news, regulations news, NBE earnings
The home-grown startup is also considering setting up shop abroad, with an eye on Southern Europe and the GCC
Beltone Holding enter collaboration agreement with Bank of Africa Group. PLUS: Arab Organization for Industrialization, Turkish-Egyptian hospital in the new capital
The agreement marks a “key milestone in our regional expansion journey,” said Beltone Deputy Group CEO and Head of Investment…
BP has USD 1.5 bn of investments in the pipeline for Egypt. PLUS: TAQA eyes offshore expansion, USD 1.5 bn ITFC top-up, EFG Corps-Solutions to provide EGP 10 bn financing, GoBus launches KSA arm
BP could also invest an additional USD 5 bn over the coming years
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