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Infrastructure 
Green Hurghada project secures USD 3 mn in funding. PLUS: News from NBE, FABMisr, Elsewedy Electric
The project is being carried out by the United Nations Industrial Development Organization and the Environmental Affairs Agency
Beltone set to acquire SODIC for Securitization as part of push into securitization
The transaction will see Beltone acquire 5k shares at EGP 1k apiece
Banks roll out high interest rate CDs, ease currency controls on credit cards
The parallel market is “on its way to disappearing completely,” Banque Misr Chairman Mohamed El Etreby said
Mahmoud Mohieldin shares regional and global outlook at EFG Hermes’ One-on-One conference
Mohieldin sees the “center of economic gravity” shifting towards the East, though challenges for emerging markets persist
Contact to expand in Saudi in 2025. PLUS: News from B Investments, Talaat Moustafa Group, ADIB, Mashreq, Madinet Masr, Idea Verde, Azimut
The investment will fund Basata’s regional expansion plans
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
EBRD provides Banque du Caire with USD 50 mn financing package for MSMEs
Up to USD 10 mn will go towards women entrepreneurs as part of the EBRD’s Women in Business (WiB) programme
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
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