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Infrastructure 
Gov’t wants to buy 8.5 mn tons of wheat in FY 2025-26
The government aims to source 3-3.5 mn tons locally, with the rest to be secured via global contracts
El Sisi ratifies new Labor Law
PLUS- A EGP 1.4 bn factory for blood collection bags is in the works
TMG confirms multi-bn USD Iraqi project. PLUS: Willow Ferro, ExxonMobil,
The project is set to generate an estimated USD 17 bn in total sales
Farmers are planting less cotton after weak demand last season
Cotton-cultivated areas stood at 21k feddans by mid-April, down 65% y-o-y
United Foundries Company eyes USD 10 mn foundry to more than double output. PLUS: Sarwa Ins. + Zamalek SC, Beyti, Hilton, Huawei, Scatec, Ostoul Capital
The company plans to explore the US markets, with around 83% of production earmarked for export
Shamrendra Singh named as new COO of Cheiron
Singh brings two decades of upstream oil and gas leadership across India, the UK, Norway, and Egypt
Chevron makes its Red Sea exit official. PLUS: Saudi Gold Refinery, Raya Holding, Ora Developers, Microsoft
Chevron said its resources will instead go towards its interests in Egypt’s Mediterranean
Gov’t pledges to settle cotton farmer dues before the end of the month. PLUS: National Authority of Tunnels, Macro Group + CHI Consumer Healthcare Investments + Enverson International
Farmers are still waiting to be paid for some 480k qintars purchased at the end of the last marketing season
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