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Infrastructure 
Orascom Construction, Metito to build USD 2.4 bn desalination plant in Abu Dhabi. PLUS: Standard Chartered eyes Egypt, FX crisis hits Arab Alloys industrial complex
The project will process more than 500k cbm of seawater per day
Hisham Ezz El Arab recognized by African Banker magazine
Ezz El Arab has spent over two decades in the Egyptian banking sector
EFG revenue, earnings more than double y-o-y in 1Q 2023
Revenues more than tripled at the company’s investment bank
Alameda plans USD 50 mn hospital in New Assiut. PLUS: Mercedes EVs, aiBank, Tunisian manufacturer eyes Egypt
This is part of the healthcare provider’s EGP 5 bn expansion plan
Partment users can now access payment plans via valU
Partment is an online platform that allows people to purchase shares in a second home
How JETPs can accelerate our path to net zero
Climate finance can address the impact of the green transition on emerging economies
Al Taamir Leasing and Factoring Al Oula closes EGP 1.1 bn securitization transaction
This is the first issuance in a EGP 5 bn program
It’s getting easier for the unbanked to bank
Today: The sultan of Oman wraps up his visit to Egypt, and the ceasefire in Sudan takes effect this evening
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