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Infrastructure 
Höegh LNG’s floating regasification unit set to dock in Ain Sokhna next week
The government is reportedly leasing the unit until February 2026 for USD 90 mn a year
The Supply Ministry wants less imported wheat and more local wheat. PLUS: News from HSBC and Mountain View
The government is paying farmers EGP 2k per ardeb of wheat this harvest season
Subsidized bread hikes under the spotlight
The Reuters take on bread subsidy cuts: Reuters is out with two pieces diving into the nitty-gritty of last week’s…
Ashmawy resigns from Supply Ministry
Ashmawy is also stepping down from his roles as head of the EMX and ITDA
Fertilizer companies halt production amid gas supply disruptions
The government wants to ramp up LNG imports to address the supply gap caused by heightened demand
Central bank switches around rules for hiring auditors and accountants. PLUS: News from Misr Ins. Holding and MM Group
Firms have 12 months to comply with the new rules.
Al Gioshy Steel to set up new production line in 2025, delays listing plans
The steel manufacturer wants to double its production of rebar in 2024
Egypt slashes gas supplies to fertilizer companies
Good morning, everyone. It’s a busy morning here in Egypt led by the news of activity in the non-oil private…
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