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Ezz Steel turns to losses in 2023 despite revenue growth
Revenues rose on the back of record exports as the company moved away from domestic sales
Egypt to build two solar plants with EU funds
The entirety of the projects’ cost will be covered by a grant from the EU
South Africa’s Standard Bank Group to set up Egypt office in 2024. PLUS: BP projects float impact, EBRD funds SMEs, Eastern hikes smoke prices, Arabia Hotels builds new Giza Pyramids hotel
The South African bank’s presence in Egypt will allow the bank “to capitalize on the significant emergence of the Gulf-sub…
Egypt looks to buy more LNG in the months to come and lease floating regasification unit from BW Energy
EGAS is aiming to import at least one LNG shipment a month until July or August
Gov’t proposes increasing spending on education, social security, healthcare in FY 2024-25 draft budget
Funds directed towards social protection are up 20% y-o-y to EGP 636 bn
Gov’t is working on an app for price tracking and an app for consumer complaints
The government has developed a mobile application to enable users to view and report commodity prices — dubbed Price Radar
Egypt seeks to lease LNG terminal as it starts importing natural gas
The government has purchased at least two shipments of LNG, an Oil Ministry source told Enterprise
Goldbug nation
Plus: Rate watchers on both sides of the Atlantic are tripping over themselves trying to suss out when the cuts…
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