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Egypt in the News: More on how war in Ukraine could make itself felt at home
An escalation of the conflict between Russia and Ukraine could send already soaring food prices even higher, especially for countries…
THIS MORNING: Did war just break out in Ukraine? + there are 103 mn of us now
A raft of good business news here at home on this fine morning — 2022.02.22 for those of you keeping…
Big firms splash pandemic stash on buybacks
US companies have been leveraging high cash balances accrued during the pandemic to increase share buybacks, in a trend that…
We just bought tons of Romanian wheat in a packed tender — even though Ukraine’s bid was cheaper
The General Authority for Supply Commodities (GASC) just bought 180k tons of Romanian wheat for April shipment in a tender…
The EU wants more of our gas
Egypt has held talks with the EU over shipping more natural gas to Europe amid growing concerns that conflict in…
9% economic growth, hedging wheat, and privatization get air time in PM’s presser
Egypt’s economy grew at a 9% clip in 1H2021-2022, with 8.3% growth during the second quarter of the current fiscal…
Diesel refinery gets USD 1.5 bn financing + lots of other energy news from Egyps
Several of Europe’s biggest banks are providing us with USD 1.5 bn to finance the construction of the new mazut…
Egypt signs USD 1.5 bn funding agreement for basic imports with ITFC
The ITFC is lending us another USD 1.5 bn for petroleum + commodities imports: Egypt has signed a fresh USD…
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