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EgyptAir to increase flights to China. PLUS: Green hydrogen, oil exploration and a new startup fund
EgyptAir relaunched flights to China last week.
Energy China could start work on a USD 5.1 bn green hydrogen plant in May
The company signed an MoU for the plant late last year
Companies no longer need a credit rating to issue bonds + sukuk
There are some caveats.
The USD crunch is hitting fragile developing economies hard
Some of the world’s more vulnerable economies are being forced to take drastic measures as they struggle with fresh USD…
Chinese investors are looking at the Sokhna Industrial Zone. PLUS: Jordan electricity link, another Sawiris football acquisition, and more
INVESTMENT- SCZone talks with Chinese investors: A high-level delegation from one of China’s largest industrial areas discussed potential investment in…
Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation. Plus: Smartphone assembly, mature oil fields, BdC’s e-payments arm — and plenty more
MANUFACTURING- Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation: Ezz Steel expects to record losses of EGP…
THIS MORNING: Shoukry in India for G-20 foreign ministers meeting
Good morning, friends, and welcome to a super-brisk news morning. We hope you’re looking forward to the weekend as much…
Ibnsina to invest EGP 200 this year. Plus: Kima, e-finance, Aman, Luberef
INVESTMENT- Ibnsina Pharma to invest up to EGP 200 mn in 2023: EGX-listed pharma player Ibnsina Pharma plans to invest…
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