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Gov’t locks in a lease agreement for an LNG regasification vessel with Norway’s Höegh LNG
The country is gearing up to meet rising energy demand this summer by ramping up LNG imports
Elsewedy Electric to work with foreign firms to localize grain silo production
The three sides will localize silo manufacturing, enhance food security, and help the sustainable development of the country’s agricultural sector
A look at Egypt’s infrastructure spending priorities for FY 2024-25
Some EGP 186 bn will be allocated to urban development, with EGP 50 bn going to the real estate sector
FX to be made available to all importers starting May following planned central bank liquidity injection
Banks will issue USD letters of credit to importers at the start of June, a source told us
Emerging markets are driving the global gold market
Gold has so far outperformed every asset class this year, topping US stocks
Italian energy giant Eni slows down Egypt operations. PLUS: More incoming LNG shipments, foreign funding for high-speed rail, Hassan Allam + Siemens land GCC railway project, new Nobu project
Eni had announced as recently as September its intention to invest USD 7.7 bn with its partners in Egypt over…
Chinese steel factory opens in SCZone. PLUS: Elaraby and Taiwanese company to build AC factory, Public Enterprise Ministry mulls mineral extraction project
The factory has an annual production capacity of 25k tons of steel structures
Egypt negotiating lease of regasification unit from Norway’s Höegh LNG. PLUS: Exports from Israel to ramp up by 2H 2025
The government is reportedly also in talks with BW Energy to lease a unit from the Norwegian-Singaporian company for a…
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