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FinMin is hedging like it never hedged before
Egypt has nearly doubled its oil hedging contracts so far this fiscal year, as the government looks to lock in…
What the markets are doing on 7 December 2020
The EGX30 rose 0.1% yesterday on turnover of EGP 1.6 bn (18.5% above the 90-day average). Domestic investors were net…
Also on our radar on 7 December 2020
Egypt aims to raise local wheat production to 3.5 mn feddans this season, up slightly from 3.4 mn feddans last…
Also on our radar on 6 December 2020
Still more metro + railway news: Bombardier is set to begin manufacturing in 1Q2021 the railcars for the two planned…
Centamin is pouring resources into Sukari in search of higher-grade gold
Centamin to pour resources into Sukari in search of higher-grade gold: Egypt-focused Australian gold miner Centamin will invest USD 595…
Damietta LNG plant could reopen in 1Q, boosting our East Med hub ambitions
Damietta LNG plant could reopen early next year after Eni, Naturgy seal agreement: Italian energy giant Eni has reached an…
Also on our radar on 30 November 2020
Egypt’s drive for commodities self-sufficiency continues: A ban on white and raw sugar import will remain in place for an…
Last Night’s Talk Shows on 24 November 2020
Construction ban lifted: The government has decided against renewing its six-month construction ban but will not allow companies to resume…
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