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B Investments approves healthcare, pharma investment with SFE. PLUS: More Edita buybacks, 3-month sugar export ban, Capricorn’s Egypt focus
The SFE wants to raise EGP 1.2 bn for the sub-fund
Egypt to purchase 4 mn barrels of crude from Iraq
Egypt’s state oil company will purchase 2 million barrels in each of June and August
Infinity Power acquires 100% of Lekela. PLUS: EKH ups stake in petchem subsidiary
The transaction gave Lekela an enterprise value of USD 1.5 bn
Elab first up for sale via SFE’s pre-IPO fund -Soliman
ALSO: eMethanex, Enppi and Midor could be back in the government’s privatization plans
Green fuels explained
Enterprise Explains: Green Fuels. As the global transition to a carbon neutral economy gathers pace, we’re hearing a lot more…
Tourist arrivals jump by a third in January and February. PLUS: Madbouly meets GM + Egypt-Saudi interconnector.
Fitch expects tourism revenues to rise almost 20% this year
Gov’t leaves natgas prices for electricity plants unchanged
The price will remain USD 3 / mmBtu
Corporates in EM are having a hard time in the debt markets
EM corporate bonds struggle on high cost of debt: Emerging-market companies have sold only USD 60 bn worth of bonds…
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