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Energy China could start work on a USD 5.1 bn green hydrogen plant in May
The company signed an MoU for the plant late last year
Companies no longer need a credit rating to issue bonds + sukuk
There are some caveats.
The USD crunch is hitting fragile developing economies hard
Some of the world’s more vulnerable economies are being forced to take drastic measures as they struggle with fresh USD…
Chinese investors are looking at the Sokhna Industrial Zone. PLUS: Jordan electricity link, another Sawiris football acquisition, and more
INVESTMENT- SCZone talks with Chinese investors: A high-level delegation from one of China’s largest industrial areas discussed potential investment in…
Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation. Plus: Smartphone assembly, mature oil fields, BdC’s e-payments arm — and plenty more
MANUFACTURING- Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation: Ezz Steel expects to record losses of EGP…
Elsewedy Electric earnings, revenues rise more than 50% in 2022
Elsewedy Electric booked EGP 5.4 bn in net income after minority interest in 2022, up 51% y-o-y, according to its…
Fuel prices are rising 7-11% today
Cost of mazut for most buyers will increase by 20%
THIS MORNING: Shoukry in India for G-20 foreign ministers meeting
Good morning, friends, and welcome to a super-brisk news morning. We hope you’re looking forward to the weekend as much…
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