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Cabinet to set up a unit dedicated to state-owned companies
The unit will work to implement the state ownership policy with clear timelines and targets
The IMF lays out how Egypt can remove inefficiencies in public investments and increase private sector contributions
Under the FY 24/25 government budget, Egypt plans to direct EGP 3.9 tn towards the state’s infrastructure priorities
How has Egypt become a hub for green data centers and what could be done to draw more investments to the sector?
The transition to renewables would lead to a significant reduction in the subsidies bill, an industry player told us
Banque Misr’s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita
MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank
EGP float jumpstarts Cairo’s real estate market in Q1 2024
The EGP float has reignited investor confidence and provided developers with clarity on pricing
The lowdown on solar energy use in the industrial sector
Each MWh of solar energy currently saves around EGP 2.25 mn per year in electricity costs
Scatec and Orascom Construction-led consortium allocated land for two wind farms that will generate 8 GW of energy
The two wind farm projects will bring in some USD 9 bn in FDI
Elsewedy Electric to work with foreign firms to localize grain silo production
The three sides will localize silo manufacturing, enhance food security, and help the sustainable development of the country’s agricultural sector
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