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Sovereign Fund of Egypt’s authorized capital doubles to EGP 400 bn. PLUS: News from Sodic, Avanz Capital.
SFE chair Hala El Said said recently that the fund’s authorized capital will reach EGP 1 tn within three years
Singapore chemicals firm to invest USD 700 mn in 2 factories. PLUS news from BP, Orascom Construction, aiBank, Glamera, and Waterway Developments.
PLUS: BP to drill four exploratory gas wells in the Mediterranean before the end of the year
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
The Egyptian Securities Federation is finally a thing. PLUS: wheat talks, Air Cairo, Madbouly in South Africa, Fawry, Endeavor, and Neptune Energy
The ESF has been five years in the making
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
Mohamed Alabbar wants to redevelop gov’t buildings in downtown Cairo. PLUS: New oil find, more wheat incoming + budget flights from London to Cairo
Alabbar’s Emaar is planning to expand its presence on the North Coast
Apache to invest USD 1.4 bn in Egypt in 2024. PLUS: Cairo International Airport Terminal 4, another GASC wheat tender + new solar tender
The US oil company is interested in exploring for gas in the Eastern Mediterranean
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