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State Department nods to USD 2.5 bn arms sale to Egypt
US green-lights USD 2.5 bn Egypt arms sale: Egypt could spend as much as USD 2.5 bn (EGP 39.3 bn)…
New oil + gas exploration bid round coming soon
New oil and gas exploration rights will be up for grabs in 1H2022. The government plans to launch a new…
It’s privatization, the speed-metal version
Gov’t to step up privatization efforts in coming months: The Madbouly government is planning to sell stakes in state-owned companies…
Oil Ministry appoints new EGPC chairman
Oil Minister Tarek El Molla has appointed Alaa Al Batal as chairman of the Egyptian General Petroleum Corporation (EGPC), effective…
Gov’t targets USD 7 bn oil FDI in 2022-2023
The Oil Ministry wants to attract USD 7 bn of foreign direct investment (FDI) into the oil and gas sector…
EBRD writes USD 100 mn check for Scatec’s green bond
EBRD backs Scatec Solar Benban green bond: The European Bank for Reconstruction and Development (EBRD) will subscribe to almost a…
We’re spending a whole lot more on wheat — and events in Ukraine could bump up spending even more
Spiraling wheat prices land us with an EGP 12 bn check: The rise in global wheat prices will cost us…
THIS MORNING: US Chamber of Commerce COP27 conference continues; Wild day in US stocks; IMF outlook out today; Fed meeting starts today.
Good morning, wonderful people, and happy hump day. What are you doing this morning to stay warm? Most of us…
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