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Infrastructure 
Telecom Egypt to extend cross-Mediterranean Medusa subsea cable to the Red Sea + ADIB’s new sukuk move
The state-owned company signed an agreement last year to land the cable at Port Said
Orascom, Metito reach financial close for Abu Dhabi desalination project. PLUS news from Dar and Acacia, Banque Misr, Alameda, Siemens Healthineers
The USD 2.2 bn project includes a 500k cbm/day desalination plant and a 75-km water pipeline
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
Some investors are interested in state-owned Sinai Manganese. PLUS: Al Habtoor likes the SFE — and news from Suez Cement, TMG, Russian wheat
The company is one of 35 officially earmarked by the government for privatization
Egypt’s future credit rating agency #2? PLUS: news from MidBank, Banque Misr, Egypt Air and more
The chairman of MGM Financial and Banking Consultants is partnering with investors to form a rating agency
Mohamed Al Sayyad named vice chairman at FRA
Al Sayyad is leaving the EGX to join the FRA
Another step towards a local carbon credit market
The EGX is working to establish a local voluntary carbon trading scheme
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