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Infrastructure 
Hassan Allam + Agility score EGP 1.5 bn CIB loan for Yanmu logistics park. PLUS: News from Volvo, MCV, Beltone, and NUCA
The 10-year loan from CIB will help fund the construction of a USD 100 mn logistics park east of Cairo
Egypt’s future credit rating agency #2? PLUS: news from MidBank, Banque Misr, Egypt Air and more
The chairman of MGM Financial and Banking Consultants is partnering with investors to form a rating agency
Eagle Hills signs up Hassan Allam to work on new North Coast development. PLUS: New anti-money laundering regs + news from Madinet Masr, Misr Life Insurance and SAIB.
Orascom Construction is also working on the project under a contract signed last week
Competition watchdog alleges aluminum price-fixing. PLUS: News from Thales, Orascom, Maersk, EgyptAir, Kronospan, and HEDG.
COMPETITION- Competition watchdog sues 14 aluminum firms, alleging price fixing: The Egyptian Competition Authority (ECA) has filed charges against 14…
Orascom Construction net income nearly triples in 1H 2023
The company’s revenues fell 19% y-o-y during 2Q 2023
Orascom + Co sign land allocation agreement for 3-GW wind farm + more energy news
Developers planning to install a combined 28 GW of wind capacity now have land in Sohag Governorate
With inflation + depreciation, real estate remains an investment favorite
A boom in GCC tourism in the North Coast has buoyed demand for second homes
Singapore chemicals firm to invest USD 700 mn in 2 factories. PLUS news from BP, Orascom Construction, aiBank, Glamera, and Waterway Developments.
PLUS: BP to drill four exploratory gas wells in the Mediterranean before the end of the year
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