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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…
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
Privatization, green hydrogen, labor law feature prominently as Madbouly government talks up its legislative agenda
The government have 58 draft laws on its priority list
Sky, Reliance Logistics in talks with BdC to fund multipurpose terminal at East Port Said port. Plus: Banque Misr land sale
Plus: The Egyptian Holding Company for Silos and Storage wants to borrow EGP 5 bn to fund silo expansion
ADQ finalizes acquisition of stakes in state-run petchem, drilling companies
The Emirati wealth fund acquired 25-35% stakes in the three state-run firms for USD 800 mn
THIS EVENING: Abu Dhabi’s ADQ wraps up acquisitions in three state-owned companies
Good afternoon friends, and welcome to this Tuesday-hump-day. Despite the regional war steering the local and international news we have…
What the IEA says the global electricity grid needs — and where Egypt’s grid stands
Global electricity grids need to double in size by 2040 in order to meet climate targets
Maersk signs framework agreement to acquire half of Zafarana wind farm
Maersk and the Egyptian government are still in negotiations regarding the value of the stake.
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