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Suez Canal completes EGP 9 bn southern expansion
PLUS- Lukoil awarded South Wadi El Sahl concession
IFC, CIB to help energy-intensive industries slash emissions
PLUS- Osool ESB’s board approved Abu Dhabi-based Amass Investments’ offer to acquire a EGP 100 mn stake
Auto industry expected to continue recovery into 2025, Fitch Solutions’ BMI says
BMI forecasts a 15.3% increase in vehicle sales for 2025
Auto sales record highest figure in over two years in December
The total sales volume for the entire year grew 13.2% y-o-y
Customs Authority to release additional cars held at ports for violations
Owners of the cars must pay owed customs and fees plus up to EGP 10k in fines per vehicle
Customs Authority to release imported passenger cars that violated gov’t rules
Good afternoon folks, and happy Wednesday. The presses are churning at a rapid clip this morning as regional M&A headlines…
Gov’t on the lookout for new partner for USD 2.3 bn pumped storage hydropower project in Ataka. PLUS: KFH Egypt, Dsquares + Prepit, CI Capital, Aria Technologies, MM Group, Coca Cola
China's SinoHydro initially inked an agreement to build the 2.4 GW project all the way back in 2015
Simplex plans KSA expansion with Riyadh CNC factory. PLUS: Madinet Masr, Taqa Arabia, Money Fellows, Al Amal Auto
The planned factory will be funded by its Saudi partner
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