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Logistics (MENA) 
Gov’t takes steps towards bringing the real-estate-for-FX scheme to life
Foreigners enrolling in the initiative will be offered residency- and citizenship-related incentives
Gov’t’s Pharos Energy bill rises to USD 37 mn. PLUS: Schneider solar projects, Tata Motors team up with MM Group, ValU + Bosta + PayTabs, Heliopolis Housing project, Nokia factory, new ADIB microfinance firm
The company intends to refrain from retrieving its USD-denominated receivables due to the exchange rate volatility.
Banque Misr becomes the latest bank to lower credit card FX limits. PLUS: Startup financing news, new Heliopolis Housing project, new fintech startup on the block, Egypt + Malta talk energy
The move follows similar movies by NBE, CIB, and ADIB over the last two weeks
B2Gold is looking to sell gold exploration licenses to Lotus Gold. PLUS: Heliopolis Housing multi EGP bn land purchase, Egyptian National Railways loan
B2Gold is pivoting away from Egypt to focus on its operations in South Africa
Chevron to start Nargis gas production in 2025. PLUS: Redcon + Compass, PaySky has big plans, New Administrative Capital construction
Chevron wants to ramp up production to 1 bn cf within two years
Egypt is getting a green data center. Plus: Safaga logistics area, Palm Hills sales, World Bank visit, Adib + Giza Systems, gold exploration tender extended
The data center will be powered by some 200 MWs of solar and wind energy
Tameer secures EGP 956 mn loan. PLUS: News from JAF Investment and Madinet Masr
A little bit of debt, a little bit of M&A, and a little bit of real estate news. DEBT- Tameer…
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