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Infrastructure 
Emirati-Egyptian partnership to launch USD 500 mn Nile-side development. PLUS: Talaat Moustafa Group, ACWA Power + AMEA Power, Elsewedy, Admaius, Concrete, Puma
The project will see the construction of three mixed-use towers and a five-star hotel
New cabinet approves energy agreements, education amendments, taxation changes in first meeting
The cabinet gave preliminary approval to five new petroleum projects
The hurdles standing in the way of our green hydrogen ambitions and how they can be tackled
The government aims to transform Egypt into a regional hub for green hydrogen production by 2026
Eni looks to up production with plans to drill new wells. PLUS: IBRD allocates loan to help develop railway line, Madinet Masr taps construction company to work on Sarai
Back in April, it was reported that Eni had slowed down exploration operations in Egypt
UAE’s Electra snaps up 20% of Elsewedy Electric for USD 450 mn
Elsewedy Electric’s share price remained relatively stable following the transaction
Azimut one step closer to launching shariah-compliant fund after getting FRA approval. PLUS: Neom, LRT, Adeer + Hassan Allam Properties + Melee Development
The fund will invest in stocks listed on the EGX’s newly-launched shariah-compliant EGX33
World Bank arbitration tribunal dismisses Emirati oil firm’s case against Egyptian government
The Emirati company was looking to receive an EGP 3 bn settlement from the Egyptian government
THIS EVENING: Remittances rise 72.8% y-o-y in May
Good afternoon, ladies and gentlemen, and happy Monday. Today is the midway mark to this shorter business week. THE BIG…
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