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GB Corp, Raya CX, EKH Holding + TMG Holding report 1H earnings
We’re close to the end of 2Q earnings season
British tourists are flocking to Egypt in search of sun
The weaker EGP is pulling in more tourists looking for cheap holiday destinations
Global oil demand hits record high in June. PLUS: Threats to global LNG supply and fresh US inflation data.
Oil prices have risen more than 10% since July as supply tightens and consumption in China grows
Gas output hits three-year low in 2Q 2023
Production fell 9% from the same quarter in 2022
Dana Gas could get parliament’s signoff on new wells this year
Collections from Egypt dropped in the first half of 2023
Smokes + blackouts on the airwaves
It’s not clear whether the new administrative capital is seeing blackouts
Ocior Energy to build USD 4 bn green hydrogen plant in SCZone
The plant will take 5-6 years to build, with expected revenues of USD 1 bn annually
Scientists aren’t buying the LK-99 superconductor hype + Wegovy shares soar with +ve results of overweight disease-related study
Wegovy’s study results show 20% decrease in weight-related diseases
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