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State Department nods to USD 2.5 bn arms sale to Egypt
US green-lights USD 2.5 bn Egypt arms sale: Egypt could spend as much as USD 2.5 bn (EGP 39.3 bn)…
New oil + gas exploration bid round coming soon
New oil and gas exploration rights will be up for grabs in 1H2022. The government plans to launch a new…
Gov’t targets USD 7 bn oil FDI in 2022-2023
The Oil Ministry wants to attract USD 7 bn of foreign direct investment (FDI) into the oil and gas sector…
THIS MORNING: It’s Day 2 of the Davos Agenda + Brent hits highest level since 2014
Good morning, friends, and welcome to an incredibly busy issue packed with news of SPACs, IPOs, new debut issuance and…
Last Night’s Talk Shows: Madbouly talks GERD, the military economy + Egyptian-US relations in rare BBC interview
Madbouly talks GERD, the military economy + Egyptian-US relations in rare BBC interview: In a wide-ranging interview, Prime Minister Moustafa…
EGP 30 bn to be pumped into state-owned oil companies next fiscal year
EGP 30 bn has been earmarked to develop state-owned oil companies in the FY2022-2023 budget, Oil Minister Tarek El Molla…
The US isn’t keen on the Greece-Israel gas pipeline
Has the US just pulled support for the Greece-Israel EastMed pipeline? The Biden administration has expressed “reservations” about a planned…
Good news on the economy front: The World Bank thinks we’re going to grow faster this year
The World Bank has revised upwards its prediction for Egypt’s GDP growth by 0.5 percentage points to 5.5% for FY2021-2022.…
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