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Greenback hits six-month high as Fed warns rates will remain higher for longer
The greenback has now climbed more than 6% since the middle of July
Oil Min ups oil + gas investment forecast this fiscal year. PLUS: Adnoc, IFC x Banque du Caire, Avanz Capital, Orascom Investment + EgyptAir
The government now expects investment to be up to 60% higher than in the previous fiscal year
Indictment of US Senate Foreign Relations Committee chairman has Egypt angle
Bob Menendez denies the charges, which include that he allegedly tried to help a friend sidestep prosecution
Egypt is looking to Abu Dhabi again to finance wheat imports
GASC is negotiating to buy Kazakh wheat at the lowest price
Infinity to charge BMW EVs in Egypt. PLUS: Africa tariff cuts ratified, onion export ban, another wheat buy, and a West Cairo BRT could be in the making.
Infinity aims to increase its charging stations to 300 by 2024
Kufpec to acquire 40% of Shell offshore block
Shell acquired the North East El Amriya block from ExxonMobil in 2022
Cabinet approves social support measures, renewables expansion
The minimum wage hike, bonus payouts, and pension hikes will come into effect from the beginning of October. New golden…
Chevron to invest USD 3 bn in Egypt’s Nargis gas field
Shell acquired the North East El Amriya block from ExxonMobil in 2022
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