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Ongoing EU grants to Egypt total c. EUR 1.3 bn between January 2015-May 2017
The European Union has given Egypt grants totalling EUR 1.3 bn between January 2015 and May 2017 according to the…
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Sidpec appoints new chairman
MOVES- Mohamed Ali Abadi was appointed Chairman of Sidpec, according to a company disclosure. Abadi replaces Osama Mahdi.
Gov’t considers doubling bread point subsidies on smart cards -Reuters
The government is considering doubling the bread subsidies that qualified beneficiaries receive through the Supply Ministry’s smart card system, two…
Gov’t could impose new safety regulations on domestically assembled cars
Word on the street is that Egypt may impose new safety standards and quality control measures on domestically assembled cars.…
Egypt’s natural gas output is expected to increase by 50% in 2018 and 100% in 2020 -Oil Ministry
Egypt’s natural gas output is expected to rise 50% in 2018 and 100% by 2020 thanks to recent gas field…
Egypt to receive third installment of IMF loan by January
Egypt expects to receive the third installment of the IMF loan between December and January following the next review by…
Careem invests USD 500k in Swvl
INVESTMENT WATCH- Ride-hailing app Careem has invested USD 500k in Swvl, a three-month-old Egyptian bus transportation service, Reuters reports. Careem…
Proposal to ease listing of state-owned companies in the UK could prove fruitful for Egypt
Speaking of IPOs of state-owned companies: The United Kingdom is pulling out the stops to attract listings of government corporations.…
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