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Aramco profits surge 90% in 2Q 2022
EARNINGS WATCH- #1- Saudi Aramco’ posts record net income amid spiraling oil prices: Saudi Aramco reported record 2Q 2022 and…
THIS MORNING: More details on the govt’s electricity rationing strategy coming + Car dealers are facing prosecution for failing to deliver cars
Hello, everyone. We’re feeling more than a bit muted this morning after a fire yesterday at a church in Imbaba…
THIS EVENING: Dozens killed, injured in Abu Sefein church fire + Ghazl El Mahalla IPO subscription extended
Good afternoon, ladies and gentlemen. We begin today’s issue on a somber note after a fire broke out inside an…
Electricity rationing went into effect yesterday across Egypt. Here’s what we know so far.
Here’s how the gov’t hopes to ration the nation’s electricity: Cabinet has approved measures announced byPrime Minister Moustafa Madbouly last…
THIS EVENING: AP Moller signs USD 500 mn investment agreement + US gas prices finally cool off
Good afternoon, friends, and a very happy THURSDAY to us all. It’s another relatively calm end to the week —…
Electricity curbs dominates the conversation on the airwaves
The Madbouly government’s plan to cut back on electricity consumption was all the talking heads could jabber about last night,…
In a hunt for foreign currency, we’re going to ration electricity
Egypt will begin cutting back on electricity consumption nationwide from next week in a bid to redirect more natural gas…
CFC Group to build USD 400 mn industrial complex in Qena under the new regional industrial partnership
Emirati fertilizer company CFC Group will establish an industrial complex in Qena Governorate under the new joint industrial partnership between…
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