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El Sisi meets his Azerbaijani counterpart to discuss Gaza, trade, and tensions with Armenia
It was a mixed bag on the airwaves last night, with government officials calling in to our nation’s talking heads…
Höegh LNG’s floating regasification unit set to dock in Ain Sokhna next week
The government is reportedly leasing the unit until February 2026 for USD 90 mn a year
Fertilizer companies halt production amid gas supply disruptions
The government wants to ramp up LNG imports to address the supply gap caused by heightened demand
Central bank switches around rules for hiring auditors and accountants. PLUS: News from Misr Ins. Holding and MM Group
Firms have 12 months to comply with the new rules.
Adnoc Distribution to manufacture motor oil in Egypt before the end of 2024
The company is also looking into obtaining a license to establish charging stations for EVs
Algebra Ventures backs Moroccan agritech startup. PLUS: News from Taqa and ACDIMA
Algebra Ventures participated in a pre-Series A funding round for YoLa Fresh
Electricity prices to rise in July
On average, the hikes will exceed 20%, but studies and discussions are still underway to determine the new prices
Madbouly hints at pricier bread, fuel, electricity
The government allocated EGP 125 bn to bread subsidies for the upcoming fiscal year
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