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Logistics (MENA) 
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
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
OPEC Fund to help Egypt fund commodities imports. PLUS: AUC receives USAID grant
The fund is contributing to the ITFC’s USD 200 mn loan to fund commodity imports
Fertiglobe, AD Ports sign non-binding agreement for storing ammonia, urea in Egypt’s ports. PLUS: Network International and eCards are collaborating on digital cards
Fertiglobe will soon be producing and exporting green ammonia from Egypt
Pachin to delist from EGX. PLUS: MPs want answers on blackouts + news from Qatari Diar, Capricorn Energy and the SME development authority
Emirati firm National Paints Holding acquired more than 80% of the company from the government earlier this year
Tourist numbers up 40% in 7M 2023 -Issa. PLUS: Egypt-Hong Kong investment ties, incorporation goes online
Egypt aims to attract 15 mn tourists to the country this year
The government is extending its land-for-FX scheme for another 6 months. PLUS: Avanz Capital is planning fresh investment in Egypt
The initiative is one of many the government has introduced in response to the FX crunch
Egyptian banks could fund new logistics zones at East Port Said port. PLUS: News from Instapay, Banque Misr, the EMX, and the SCZone
The loan could go towards one of the port’s three logistics areas
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