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IFC could greenlight funds for East Port Said port expansion this month
The expansion of the terminal falls under Maersk’s USD 500 mn development plans for the East Port Said port
Oil Min ups oil + gas investment forecast this fiscal year. PLUS: Adnoc, IFC x Banque du Caire, Avanz Capital, Orascom Investment + EgyptAir
The government now expects investment to be up to 60% higher than in the previous fiscal year
IFC could lend USD 125 mn for Damietta Port cargo terminal
This is part of a broader USD 455 mn financing package involving the EBRD, the AIIB and other multilateral lenders
Fertiglobe, AD Ports sign non-binding agreement for storing ammonia, urea in Egypt’s ports. PLUS: Network International and eCards are collaborating on digital cards
Fertiglobe will soon be producing and exporting green ammonia from Egypt
Maersk’s new green fuels venture eyes Suez Canal production hub
Maersk goes big on green fuel — with Egypt as a production hub: Danish shipping giant AP Moller-Maersk and its…
Egyptian banks could fund new logistics zones at East Port Said port. PLUS: News from Instapay, Banque Misr, the EMX, and the SCZone
The loan could go towards one of the port’s three logistics areas
Gov’t to up wheat cultivation area next year following disappointing 2023 harvest
Local wheat procurement reportedly fell 10% this year
Some investors are interested in state-owned Sinai Manganese. PLUS: Al Habtoor likes the SFE — and news from Suez Cement, TMG, Russian wheat
The company is one of 35 officially earmarked by the government for privatization
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