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Azimut one step closer to launching shariah-compliant fund after getting FRA approval. PLUS: Neom, LRT, Adeer + Hassan Allam Properties + Melee Development
The fund will invest in stocks listed on the EGX’s newly-launched shariah-compliant EGX33
THIS EVENING: Remittances rise 72.8% y-o-y in May
Good afternoon, ladies and gentlemen, and happy Monday. Today is the midway mark to this shorter business week. THE BIG…
Japan’s Saraya mulls another two SCZone projects. PLUS: Yacht tourism, City Lab + Cairo Clinical Labs, Afreximbank, Instapay, Mermec, Kima, Exits, Eagles Fert, Sky Abu Dhabi, Azimut
The projects would come as part of the second phase of the company’s USD 25 mn investment plan in Egypt
Gov’t clears USD 1.3 bn oil and gas arrears
Good morning, friends. After a hectic start to the week, the local news cycle has calmed down before the weekend.…
Fertilizer companies restart operations as gas supplies return. PLUS: Futek, Wellpal, Azimut, EdVentures, Orascom Development Egypt
The restarting of operations follows the resumption of production at Sidpec’s factory last week
Green hydrogen, solar, ethane and wind project investment news ramps up
Agreements and MoUs totalling EUR 67.7 bn inked at the recent Egypt-EU Investment Conference mostly centered around green hydrogen
Madbouly sketched out plan to end power cuts this summer.
Good morning, friends, and happy Friday. A long summer weekend is upon us as some of us are stuck spending…
Israel’s Leviathan gas field to invest up to USD 500 mn to expand production after Israeli gov’t approves bill to double gas exports
The field primarily exports to Egypt and Jordan, with exports to Egypt reaching 6.3 bcm last year
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