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Oil Ministry readies Red Sea exploration tender following exits. PLUS: EFG Foundation, Sodic, Modern Sport FC
The ministry will also offer bidding companies incentives to encourage the exploration and drilling of unexplored areas
FRA unveils regulatory framework for fractional real estate investment
Individuals are allowed invest in fractional ownership of real estate units through digital platforms
Foreign reserves increase to USD 49 bn in July
PLUS- McDonald's is planning to invest EGP 1 bn in the local market by the end of 2026
Gov’t to offer industrial wastewater treatment plants to be developed through PPPs
PLUS- Summit Technology Solutions is looking to expand into Iraq
Oil Ministry confirms: Gas supplies secured
PLUS- Egyptians working abroad can now access accident ins. coverage of up to EGP 250k
Beyti plans to raise its investments in Egypt by EGP 7 bn over the next three years
The Almarai-owned producer is looking to enter new export markets this year, including China, Ivory Coast, Morocco, and Uzbekistan
Aman for Microfinance wraps up EGP 3 bn in sukuk issuance
“This issuance marks a key milestone in strengthening our Islamic finance offering” Aman for Financial Services CEO Hazem Moghazi said
El Marakby Steel is carrying out a USD 30 mn export push
PLUS- TBS Holding plans to carry out a EGP 250 mn local expansion plan over the coming three years
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