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Gov’t and World Bank commit to raise minerals’ contribution to GDP to 6% by 2030 and mineral exports to USD 9.8 bn by 2040
Plus: The state clears PPP tenders for two large desalination plants in Suez and Port Said
The House authorizes El Sisi to take “whatever measures are needed” to support Saudi Arabia
Good morning, friends. It’s been a rough few days on the EGX, and the IPO everyone’s been waiting for now…
Beltone’s new B-Torohat fund aims to ride Egypt’s busiest IPO run in years
Plus: Egypt’s SPAC pipeline grows as four companies eye blank-check listings
Oil Ministry targets 14 Mediterranean exploration wells with up to 12 tcf of potential gas reserves
The drilling push comes as a new seismic survey gets underway off Port Said and as the state looks to…
The Oil Ministry and Chevron initial the fiscal agreement for developing Cyprus’ Aphrodite gas field
Good morning, ladies and gents. Egypt’s biggest listed developer just signed its most ambitious agreement with the state yet, and…
Egypt, Turkey, and India proposed safe passage for grain ships at Ukrainian and Russian ports, but Russia refused, Zelenskyy says
Good morning, friends. It’s an IPO morning at the EGX. MNT-Halan takes its first bow, and Banque du Caire has…
Gov’t pushes to close out its IMF program before December, with a final review due in late November
Divestments are our strongest card going in, while energy subsidies and a stalled free zone tax are the sticking points
Rosatom and Teletech agrees to assemble battery-storage systems locally, with up to 500 MWh a year of capacity
PLUS: Egypt received formal EU authorization to export farmed finfish and crustaceans, effective 4 November
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