Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Logistics (MENA) 
Siemens, Giza Systems deliver mobile substations
Mobile units are providing power to remote projects while permanent stations are built
Cabinet greenlights Scatec Europe interconnector MoU
The Norwegian company wants to build a 3-GW electricity link between Egypt and Italy
Gov’t hikes diesel price by 14%, leaves gasoline prices unchanged
Hike to diesel prices could fuel more inflation
Saudi net foreign assets slump to 13-year low
This comes despite a bumper dividend payout from Aramco
Regulators just greenlit Egypt’s first ever gold investment fund. PLUS: Data center upgrade, new Sawari tech fund, oil + gas exploration.
Gold prices have surged 60% this year on ongoing economic uncertainty
Capricorn Energy to pay out USD 575 mn to investors. PLUS: carbon storage, new state-owned fintech, cars for expats
Capricorn has appointed Transglobe’s former CEO, Randy Nelly, to head the company
Egyptian, Indian firms to team up on USD 80 mn pharma materials plant
Egyptian and Indian firms will spend USD 80 mn on a pharma materials plant
TODAY: Happy Eid al-Fitr + the IMF’s recommendations for our economy and more from last week
Good morning, friends, and happy (almost) last day of Ramadan. We hope you have a wonderful Eid Fitr with your…
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