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Infrastructure 
Egypt to expand ties with African infrastructure investment platform + Tougher penalties for harassers approved
MPs approved two decrees that will see Egypt join the platform’s project development and project finance arms
The developer of the new capital has received offers to advise on its planned IPO
Good morning, friends. It’s a reasonably brisk morning for news: Lamees El Hadidi tore a strip off policymakers last night…
Elsewedy Capital and Ezz El Arab Automotive team up to locally assemble cars
The newly found company aims to annually produce 50k units in the “coming years”
Egypt central bank, Kuwait wealth fund to divest 40% of AAIB
The sale is expected to take place in 2024
Sovereign Fund of Egypt to finalize hotels sale this year -Soliman
A consortium of Talaat Moustafa Group and unnamed foreign investors agreed to buy a 37% stake in the government’s hotels…
Standard Chartered to set up shop in Egypt by the end of the year
The British multinational lender tapped Mohammed Gad to run the Egyptian branch last week
A case for optimism on the EGP
Some USD 8 bn could be raised in the coming months via asset sales, liabilities agreements, and government initiatives
Saudi Aramco, Fertiglobe report lower earnings following bumper 2022
Saudi Aramco’s 3Q earnings drop on the back of production cuts and falling oil prices: Saudi oil giant Saudi Aramco…
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