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GAFI could ban forex payments between shipping + cargo handling firms
No more USD payments on cargo handling? The Finance Ministry has directed the General Authority for Investments and Freezones to…
El Nasr Automotive to sign agreement with new Chinese partner to locally assemble EVs
We’re getting a new Chinese partner for EVs: State-owned El Nasr Automotive will sign next week with an unnamed Chinese…
Contact + Nawy sign EGP 1 bn financing agreement + Med wealth funds launch a colab
Contact + Nawy sign EGP 1 bn financing agreement: Contact Financial’s real estate finance subsidiary will lend EGP 1 bn…
THIS MORNING: Ramadan ad drama + look out for a landmark UN climate report
Good morning, ladies and gentlemen, and happy Monday. News flow has slowed down a little bit today, but there’s still…
EV startups attracted plenty of investor interest — but need to actually start manufacturing
EV startups need to prove they were worth the risk — and actually manufacturing vehicles is probably a good starting…
TE’s Osman gets third term after rule change, EFG Hermes appoints COO at Vortex Energy
Magued Osman has been reappointed as chairman of Telecom Egypt for a third term, according to an EGX disclosure (pdf)…
Scatec inks Ain Sokhna green hydrogen pact with SFE and OC
Welcome to our much greener future: The Sovereign Fund of Egypt (SFE), Norway’s Scatec, Nassef Sawiris-backed ammonia producer Fertiglobe and…
Cheaper financing is the key to closing the global gap in renewable energy production
We have an inequality issue with global renewable energy generation. Cheap financing might help fix it. Renewable energy production is…
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