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Greenback hits six-month high as Fed warns rates will remain higher for longer
The greenback has now climbed more than 6% since the middle of July
Oil Min ups oil + gas investment forecast this fiscal year. PLUS: Adnoc, IFC x Banque du Caire, Avanz Capital, Orascom Investment + EgyptAir
The government now expects investment to be up to 60% higher than in the previous fiscal year
Egypt is looking to Abu Dhabi again to finance wheat imports
GASC is negotiating to buy Kazakh wheat at the lowest price
THIS EVENING: Gov’t is in talks for more UAE financing for wheat imports + It’s interest rate day
Good afternoon, wonderful people, and a very, very happy THURSDAY. We’re rounding out what has been an eventful week for…
Infinity to charge BMW EVs in Egypt. PLUS: Africa tariff cuts ratified, onion export ban, another wheat buy, and a West Cairo BRT could be in the making.
Infinity aims to increase its charging stations to 300 by 2024
Kufpec to acquire 40% of Shell offshore block
Shell acquired the North East El Amriya block from ExxonMobil in 2022
Cabinet approves social support measures, renewables expansion
The minimum wage hike, bonus payouts, and pension hikes will come into effect from the beginning of October. New golden…
OPEC Fund to help Egypt fund commodities imports. PLUS: AUC receives USAID grant
The fund is contributing to the ITFC’s USD 200 mn loan to fund commodity imports
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