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Egypt aims to raise USD 5 bn from privatization by June 2024
It expects to raise the money by selling seven assets to private investors
Privatization info-dump day
PLUS: HSBC Egypt and GAFI are on the road today
BP to invest USD 3.5 bn in Egypt in 3 years. PLUS: latest on Middle East Glass, Cairo-Tokyo flights + new education visas
BP CEO Bernard Looney held talks with President Abdel Fattah El Sisi yesterday
Someone has eyes for Middle East Glass. PLUS: Big Network International investment and news from Mashreq, Ethydco, Somabay, Quintessentially, and the banking industry
Unnamed investors are offering to acquire Gulf Capital’s 37% stake in the glass manufacturer
El Sisi announces fresh measures to support manufacturing activity + Russian, Chinese manufacturers to invest in new plants in Egypt
Industrial projects in priority sectors will get a five-year exemption from most taxes
Unemployment numbers are down + Gov’t in talks to potentially sell down stake in Eastern Company
Good morning, friends, and happy FRIDAY to all of you, whether you’re in Sahel or in Cairo. We wish you…
Global stocks lose almost USD 3 tn in August on China fears, rising US rates
MSCI benchmark of global stocks on course for its worst month since September
EGX approves Al Ezz Dekheila delisting. PLUS: News on corn, East Port Said, Microsoft
Al Ezz Dekheila Steel plans to buy back the government’s 31% stake and delist from the exchange
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