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BP to invest USD 400 mn in two new wells. PLUS: Agiba, Pickalbatros, Juba, Alexandria Port Authority, El Araby Group, carbon credits
The two wells will add a combined daily 400 mn cubic feet of gas to BP’s output
Qalaa settles EGP 3.34 bn of debt in exchange for a stake in Taqa
Qalaa will retain the right to repurchase its shares in the energy distribution company from the banks for the next…
Pharma sector requests raw ingredient customs breaks, packaging VAT breaks. PLUS: pharma monopolies beware, Menthum + CI Capital, Palm Hills Developments, Kraft Heinz
Around 90% of the raw materials used in the pharma industry are imported
Valu closes first EGP 1.1 bn securitized bond issuance under new EGP 16 bn program
This is Valu’s 11th securitized bond issuance
Malaysia’s Proton to start producing locally made autos in early 2025. PLUS: Talgo, Aton + Ankh + Centamin, IFC + Tanmiya Capital Ventures, Fujifilm
The company plans to invest some EGP 2 bn during the first two years of production
Our new national low carbon strategy lays out some practical steps toward scaling up green and blue hydrogen production
The strategy suggests a three-phase plan to develop the country’s hydrogen economy
Some 1.6k meds set for price hikes by the end of 2025. PLUS: Home Group Development, Dream Agro, Global Biodiversity Framework Fund, Wfrley, Egypt Healthcare Authority
Companies could receive the greenlight to hike the prices of some 600 types of meds before the end of 2024
Foreign investments in Egypt’s t-bills were up again in May for third consecutive month following EGP float
Foreign investments in Egypt’s t-bills sat at USD 37.5 bn by the end of May
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