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Egyptian imports of Israeli gas hit a record 981 mn cfd in 2024
The figure marks a 18.2% y-o-y increase
Raseedi eyes seven-figure investment in newly acquired nanocredit outfit Kashat. PLUS: Apache, Madinet Masr, Bank ABC + Eroglu Garment, Goldman Sachs
Raseedi is negotiating with a VC firm and three banks for EGP 3 bn in financing over three years
A look at plans to improve Egypt's electricity infrastructure in 2025
Renewable energy targets, grid modernization, and regional connectivity drive Egypt’s push to secure energy stability and cut costs despite challenges…
ExxonMobil discovers natural gas at its first ever offshore well in Egypt. PLUS:Alqahtani Holding + Tanmia Petroleum + Enppi + Petrojet, Alstom, CI Capital, Misr Beni Suef Cement
The size of the find has yet to be determined, but pre-drill estimates came in at around 3.5 tn cubic…
Bloomberg takes a look at new grains buyer Mostakbal Misr
The loss of information from GASC has made the market “less transparent,” insiders say
Government lays out target to slash customs times to two days by the end of this year. PLUS: Saudi Egyptian Industrial Investment, Orascom Financial Holding + Klivvr Holding, NIO, Prometeon Tyre, Bonyan
The government also recently inked agreements with Saudi Arabia, UAE, and Bahrain to cut the time down from a few…
BP completes drilling of two new wells at its Raven natural gas field. PLUS: Eni, Steigenberger + Marriot
The firm invested some USD 400 mn on the drilling operations
Acwa reaches financial close on USD 1.2 bn Gulf of Suez project
The funding includes a USD 275 mn loan from EBRD
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