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Another USD 700 mn in wheat finance from the ITFC
The country has nearly 6 months’ worth of wheat in reserve
Madinet Masr announces first project outside of Cairo. PLUS: Raya CX expands in KSA, Weitz medical warehouses
The Zahw mixed-used development in Assiut will feature almost 1.3k residential units
GASC defers wheat payments amid FX crunch: supply minister, traders
As many as 11 wheat cargoes are awaiting payment, according to traders
Emaar to open three new hotels in Egypt by 2024. PLUS: New GASC tender and a Fresh acquisition
Two hotels will open their doors this year
Al Kharafi + Samcrete awarded EUR 60 mn in contracts for new water infrastructure in Fayoum. PLUS: Cheaper wheat, better mobile networks, O West deliveries
The companies will build a new wastewater treatment plant and sewage networks under EBRD-backed program
Regulators just greenlit Egypt’s first ever gold investment fund. PLUS: Data center upgrade, new Sawari tech fund, oil + gas exploration.
Gold prices have surged 60% this year on ongoing economic uncertainty
The EMX has kickstarted sales of yellow corn
Yellow corn is the second commodity to trade on the EMX
Egypt could welcome a record 15 mn tourists this year -Eissa. PLUS: More wheat, social protection measures
Some 11.7 mn tourists visited Egypt last year
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