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THIS MORNING: Egypt hasn’t yet joined more than 100 countries signing methane reduction and deforestation pledges
It’s a brisk news day here in Omm El Donia, where the big story is that we have not signed…
More inflation ahead as wheat prices continue to rise
Wheat prices rise again in fresh tender: Egypt has seen the price of Russian wheat rise another 1.5% in just…
Egypt could liberalize gas prices for factories + Lebanon gas shipments to start later this year
Factories could see the prices they pay for natural gas change every 3-4 months if the government follows through on…
Big Oil stuck between dividend payouts and capex spending + Employees aren’t tempted by higher wages
Big Oil isn’t too big on capex spending — even amid the spiraling energy crisis: Oil majors Exxon Mobil, Royal…
Factories face higher utility bills as gov’t hikes gas prices
The government has hiked gas prices for factories by up to 28%, according to a decision published in the Official…
GASC buys 360k tonnes of wheat + Suez canal revenues up 12.6% so far this year
The General Authority for Supply Commodities (GASC) purchased 360k tonnes of wheat from Russia, Romania and Ukraine for shipment between…
EFG’s Valu + three Egyptian solar companies get nods
Three Egyptian companies made it onto Forbes’ 10 Sustainable Companies inMENA list: Solar EPC and financing company Cairo Solar, recycling…
Eni makes 3 new oil and gas discoveries in Western desert
Italian oil and gas producer Eni has made three new oil and gas discoveries in its Meleiha and South West…
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