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Results of EFG Hermes Research’s annual One-on-One live poll are out
Most respondents are bullish about investments this year
ExxonMobil to drill first exploratory well in Egypt in October. Plus: Oriental Weavers’ net income doubles in 2023
Exxon is also gearing up to explore for gas in its Masry and Cairo other two concessions this year
El Sisi’s address announcing the arrival of the first tranche of Ras El Hekma funds dominated the airwaves last night
ADQ deposited the first tranche of its USD 35 bn Ras El Hekma investment at the central bank on Tuesday
House approves stricter sentences for hoarding food
Those hoarding key food commodities will be given sentences of one year in prison and fines between EGP 150k-3 mn
Food prices in the run-up to Ramadam dominated the airwaves
The nation’s talking heads focused on the impact of the Ras El Hekma agreement on the prices of strategic commodities
Energean to release Orion results in two to three weeks. PLUS: Egypt to establish Tanzania-Rwanda logistics corridor
The well is projected to hold c. 10 tn cubic feet of natural gas
Shift EV eyes larger 50k annual capacity factory. PLUS: GB Auto Jordan expansion, El Gouna solar power, oil and gas news, debt news, regulations news, NBE earnings
The home-grown startup is also considering setting up shop abroad, with an eye on Southern Europe and the GCC
A round-up of the Egypt Energy Show so far
The private and public sector had no shortage of announcements
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