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Challenges mount on Egyptian industries amid power cuts and gas shortages
Fertilizer prices are up 50% m-o-m and 110% y-o-y
New public-private consortium to launch USD 600 mn to import ethane gas
The company is set to launch before the end of June
Government pledges to end power cuts by third week of July with USD 1.2 bn set aside for energy imports and other initiatives
Madbouly penciled in the third week of July as when the country will be ready to “stop cutting electricity completely…
A new government spells new policy, and the industrial sector has thoughts
One of industry’s most pressing concerns is reducing production costs to assure local and global competitiveness
Turkish USD 700 mn denim factory gets gov’t greenlight. PLUS: Ades inks drilling contract, Forbes International Tower to cost USD 1 bn, Sahl eyes digital banking license, Alwady Green heads to KSA
The factory will be built on an area of 100k sqm and will provide around 5k jobs during its first…
Carlyle to launch Mediterranean energy company with USD 945 mn acquisition of Energean’s Egyptian, Croatian, and Italian assets
Energean will sell the assets for more than three what it paid for them in 2020
EGAS eyes securing at least 17 LNG shipments over the next three months
EGAS is looking to receive the shipments via floating terminals in Jordan and Ain Sokhna
Egypt lining up oil tenders, development projects to bolster energy security
The gov’t has been sitting on 10-12 international oil and gas tenders, as unpaid arrears forced their delay
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