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Oil Min ups oil + gas investment forecast this fiscal year. PLUS: Adnoc, IFC x Banque du Caire, Avanz Capital, Orascom Investment + EgyptAir
The government now expects investment to be up to 60% higher than in the previous fiscal year
AIIB has a pipeline north of USD 1 bn for Egypt, including backing our maiden panda bond –Kouchouk
We spoke with Kouchouk, who also leads constituency six at the AIIB, ahead of the multilateral lender’s annual meeting tomorrow…
Infinity to charge BMW EVs in Egypt. PLUS: Africa tariff cuts ratified, onion export ban, another wheat buy, and a West Cairo BRT could be in the making.
Infinity aims to increase its charging stations to 300 by 2024
Kufpec to acquire 40% of Shell offshore block
Shell acquired the North East El Amriya block from ExxonMobil in 2022
Pickalbatros to invest USD 140 mn in Morocco
The company will raise its hotel capacity in Morocco by 43%
Egypt to build EUR 1 bn tire factory
The SCZone factory is set to churn out 7 mn tires each year
THIS EVENING: NEA to announce timeline + procedures for presidential elections next week. Plus: Rolling Plus is investing USD 1 bn in a new tire factory
Happy almost-THURSDAY, friends. We’re racing towards the end of the week — and, soon, the end of the month —…
Three local steel companies are looking to acquire state-owned Delta Steel
The gov’t is reportedly studying whether to offer 100% or a smaller share of the company
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