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Infrastructure 
Hassan Allam Properties buys 110K sqm of El Gouna from Orascom Development for USD 37.4 mn. PLUS: Allianz Egypt, Tadweer, Chefaa, Luna, Didi
The sale is expected to attract investments in El Gouna’s infrastructure, amenities, and facilities
Egypt rejects reports it asked IMF to up its next loan trance by an extra USD 700 mn
Good morning, friends. It’s another busy day for local business news, full of big-ticket investments, auto industry localization, and even…
Egypt asks IMF for additional USD 700 mn in funds
Good afternoon folks, and happy Tuesday. We’ve got you covered with all the latest — from the government’s request to…
EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power’s 1.1 GW Gulf of Suez wind farm
When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1…
Fuel subsidies up 232% in first quarter of FY 2024-25 despite price hikes
Fuel subsidies for 1Q of the current fiscal year reached EGP 28.5 bn
Government to unveil revamped privatization program before December
PLUS- The EGP is a “truly flexible” currency
IMF begins its fourth review of Egypt’s USD 8 bn program
The review could unlock USD 1.3 bn in funds — the biggest tranche of the program so far
All about the IMF
All about the latest on Egypt’s IMF agreement: Talk shows were hyper focused on IMF managing director Kristalina Georgieva's time…
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