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More funding from the AfDB. PLUS: ICON is heading to Saudi and we’re in for Indian, and German investments
The AfDB plans to lend us USD 349 mn before the end of the year
Not all doom and gloom on the energy front…
Eni is conducting further exploration before it begins drilling operations
EFG Hermes-backed education firm could enter Saudi market. PLUS: Vortex has so far invested EUR 300 mn in Ignis
EEP could roll out its own brands in KSA or acquire and invest in new brands
Gas supplies to energy-intensive industries slashed by up to 30%
The move comes after gas imports fell to zero following Israel’s suspension of all gas exports to Egypt
Last Night’s Talk Shows on the conflict in Gaza and its effect on Egypt’s economy
Economist Medhat Nafei told El Hekaya that war will set us back USD 2.6-3.6 bn this year
MPs approve fresh borrowing, oil exploration
The government will borrow USD 500 mn from Deutsche Bank and Bank ABC to fund healthcare and education spending
NSPO to spin out new A1 brand of filling stations. PLUS: News from EKH, Accor, New Alamein, and more
Samsung, GASCO, EgyptSat Auto, and Fayoum Company for Storage all receive golden licenses
Last Night’s Talk Shows on the conflict in Gaza and extended power cuts across Egypt
Power cuts are set to increase as the war in Gaza hits Egypt’s gas imports and the hot weather continues
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