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Gov’t and World Bank commit to raise minerals’ contribution to GDP to 6% by 2030 and mineral exports to USD 9.8 bn by 2040
Plus: The state clears PPP tenders for two large desalination plants in Suez and Port Said
The House authorizes El Sisi to take “whatever measures are needed” to support Saudi Arabia
Good morning, friends. It’s been a rough few days on the EGX, and the IPO everyone’s been waiting for now…
Grova hands Hassan Allam Construction a second USD 500 mn EastHills contract
Egypt lifts the wheat procurement price 6% and backs 1 mn smallholder feddans
Consumer lenders can no longer finance gold, and analysts weigh what that says about how Egyptians save
Analysts say borrowing to buy gold turns a hedge into a leveraged trade, while deposit and inclusion data show trust…
Oil Ministry targets 14 Mediterranean exploration wells with up to 12 tcf of potential gas reserves
The drilling push comes as a new seismic survey gets underway off Port Said and as the state looks to…
The Oil Ministry and Chevron initial the fiscal agreement for developing Cyprus’ Aphrodite gas field
Good morning, ladies and gents. Egypt’s biggest listed developer just signed its most ambitious agreement with the state yet, and…
Gov’t nears trial runs at three strategic warehouses, eyes four more with private partners
The Fayoum, Suez, and Luxor warehouses add 225k pallets of storage at a cost of EGP 6.64 bn as the…
Egypt, Turkey, and India proposed safe passage for grain ships at Ukrainian and Russian ports, but Russia refused, Zelenskyy says
Good morning, friends. It’s an IPO morning at the EGX. MNT-Halan takes its first bow, and Banque du Caire has…
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