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Infrastructure 
Elsewedy Electric proposes EGP 20 bn industrial zone west of Cairo
Elsewedy Electric wants to build an industrial park in New 6 October City: Elsewedy Electric is in talks with the…
House signs off on green hydrogen, infrastructure, oil exploration bills
MPs greenlight port development, oil exploration + green hydrogen bills: MPs signed off on several bills yesterday, including legislation paving…
Egypt set to hedge against rising oil prices
The Madbouly government agreed in December to purchase hedging contracts to guard against volatility in the oil markets, Bloomberg Asharq…
2022 was the worst year for stocks and bonds since the financial crash
2022 wiped more than USD 30 tn in value from global stocks and bonds as soaring inflation, rising borrowing costs,…
FRA tightens controls on follow-on lending to SMEs
DEBT- State-owned Assiut National Oil Processing Company (ANOPC) secured a USD 2.9 bn loan to finance its new hydrocracking complex,…
THIS MORNING: Welcome to 2023, folks
Good morning, wonderful people — and a very warm welcome to a brand new year. We’re kicking off 2023 with…
Russia to ban oil sales to countries that implement the G7 price cap from February
Russia responds to the G7 price cap: Russia will ban oil sales to countries that impose the G7’s price cap…
Classera plans Egypt expansion
COMMODITIES- State grain buyer GASC reportedly purchased 80k tons of Russian wheat at USD 339 per ton for shipment in…
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