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Qalaa Holdings reports 3Q2020 results
Qalaa Holdings reported a consolidated net loss after minority interest of EGP 450 mn in 3Q2020, widening its losses from…
Egypt’s natgas transition is in line for a boost
Subsidized loans and more may be in the cards for those looking to convert petrol-powered cars to run on natural…
FinMin is hedging like it never hedged before
Egypt has nearly doubled its oil hedging contracts so far this fiscal year, as the government looks to lock in…
Around the world on 9 December 2020
The big story of the morning globally is the rollout of a covid-19 vaccine in the UK, as we note…
Damietta LNG exports could be ready by 1Q2021
We could be seeing our first LNG exports out of Damietta by 1Q2021, soon after Eni and its state-owned partners…
What the markets are doing on 7 December 2020
The EGX30 rose 0.1% yesterday on turnover of EGP 1.6 bn (18.5% above the 90-day average). Domestic investors were net…
Private sector to bid in bumper solar tender
Private sector companies will be invited to bid in a new tender to construct solar projects with a combined capacity…
Benban solar developers get a break
It’s settled: Benban solar developers get reduced cost-sharing bill. The Egyptian Electricity Transmission Company (EETC) has signed an agreement with…
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