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BP to invest USD 400 mn in two new wells. PLUS: Agiba, Pickalbatros, Juba, Alexandria Port Authority, El Araby Group, carbon credits
The two wells will add a combined daily 400 mn cubic feet of gas to BP’s output
Government reportedly gearing up for October international gas exploration tender. PLUS: Fawry to launch Saudi operations in 2024, Ceramica Venezia resumes operations, Le Pacha 1901 to offload controlling stake
Oil Minister Karim Badawi has agreed with foreign partners operating in Egypt to accelerate development plans for concession sites
Beltone secures SME finance license. PLUS: MO Group, Safir
“We are dedicated to providing innovative and tailored financing solutions to meet the needs of SMEs,” said Beltone SMEs CEO
The details of the EGP 50 bn subsidized loan program for hospitality players
Individual companies can access up to EGP 1 bn in subsidized funding
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
El Gouna becomes Egypt’s largest operator of private marinas. PLUS: Vortex Energy portfolio company Ignis Energia + KKR to produce green hydrogen, ammonia
The daily spend of those visiting Egypt via yachts is 94% more than the average tourist
JICA to soon disburse USD 300 mn loan for the fourth line of the Cairo Metro. PLUS: Tagaddod, Organi Group, QNB Al Ahli, Friday Ice Cream, Mediterraneo, Arkan Palm
The first phase of the line — which will connect Cairo, Giza, and the outskirts of Sixth of October city…
SODIC to build Egypt’s first Tribute Portfolio hotels under an agreement with Marriott
The West Cairo hotel is slated to launch in 2027, followed by the Ras El Hekma hotel in 2029
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