{"id":562768,"date":"2021-06-06T04:00:23","date_gmt":"2021-06-06T04:00:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/banque-misr-can-now-open-a-branch-in-ksa\/"},"modified":"2021-06-06T04:00:23","modified_gmt":"2021-06-06T04:00:23","slug":"banque-misr-can-now-open-a-branch-in-ksa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/banque-misr-can-now-open-a-branch-in-ksa\/","title":{"rendered":"Banque Misr can now open a branch in KSA"},"content":{"rendered":"<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>The<strong> Saudi Central Bank<\/strong> (SAMA) has <a href=\"https:\/\/bit.ly\/3uPocaM\">officially listed<\/a> <strong>Banque Misr<\/strong> <strong>among 19 <\/strong><strong>other foreign banks licensed to operate in KSA<\/strong>, paving the way for the state-owned bank to <a href=\"https:\/\/www.reuters.com\/article\/saudi-cabinet-banquemisr-idUSL8N2LZ5D4\">open a branch in the kingdom<\/a>.<\/li>\n<li><strong>London-listed United Oil & Gas has started its production on the ASD-1X well <\/strong><strong>discovery on its jointly-owned <\/strong><strong><a href=\"https:\/\/www.uogplc.com\/assets\/abu-sennan-concession\/\">Abu Sennan<\/a><\/strong><strong> concession <\/strong>in the Western Desert after obtaining an approval for its development lease from the Oil Ministry, <a href=\"https:\/\/www.marketwatch.com\/story\/united-oil-gets-development-lease-for-egyptian-site-271622616259\">MarketWatch<\/a>reports.<\/li>\n<li><strong>The USD 400 mn<\/strong> Japanese International Cooperation Agency (JICA)-funded project to <strong>upgrade<\/strong> <strong>the Sidi Kerir and Al-Atf <\/strong>power plants is <a href=\"https:\/\/t.co\/BQRzCMUF47?amp=1\">80% complete<\/a> and expected to be ready in November 2021.<\/li>\n<li><strong><a href=\"https:\/\/www.cpcegypt.org\/\">CPC Egypt<\/a><\/strong> is <a href=\"https:\/\/bit.ly\/3cx7NSf\">working to establish<\/a> an EGP 350-400 mn<strong> logistics zone in Sadat <\/strong><strong>City<\/strong> to provide logistical services to the West Delta region, and is in talks with three unnamed parties to partner on the project.<\/li>\n<li><strong>The Trade Ministry <\/strong>has increased the<strong> nitrogen fertilizer <\/strong><strong>export duty <\/strong>to align with global prices, according to a <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/150101297161153\">statement<\/a>. Fertilizer businesses will pay EGP 2.5k per tonne for fertilizer exports for the coming 12 months, a jump of over EGP 1.9k from the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e3e78ee-9efa-4857-8a58-8a7cac997893\">EGP 600-per-tonne<\/a> fee imposed last March.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Other things we\u2019re keeping an eye on this morning: The Saudi Central Bank (SAMA) has officially listed Banque Misr among 19 other foreign banks licensed to operate in KSA, paving the way for the state-owned bank to open a branch in the kingdom. London-listed United Oil &#038; Gas has started its production on the ASD-1X [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[97,111,93,72,892,91,427,219,3630,3348],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562768","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-agriculture","tag-also-on-our-radar","tag-energy","tag-enterpriseam","tag-jica","tag-oil-and-gas","tag-pharma","tag-saudi-arabia","tag-social-solidarity-ministry","tag-united-oil-gas","wpautop","entry"],"acf":{"mongo_id":"45708daf-db42-4009-be23-c867a9bb2123","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562741],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banque Misr can now open a branch in KSA - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/banque-misr-can-now-open-a-branch-in-ksa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr can now open a branch in KSA\" \/>\n<meta property=\"og:description\" content=\"Other things we\u2019re keeping an eye on this morning: The Saudi Central Bank (SAMA) has officially listed Banque Misr among 19 other foreign banks licensed to operate in KSA, paving the way for the state-owned bank to open a branch in the kingdom. London-listed United Oil &amp; Gas has started its production on the ASD-1X [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/banque-misr-can-now-open-a-branch-in-ksa\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-06T04:00:23+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/banque-misr-can-now-open-a-branch-in-ksa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/banque-misr-can-now-open-a-branch-in-ksa\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banque Misr can now open a branch in KSA\",\"datePublished\":\"2021-06-06T04:00:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/banque-misr-can-now-open-a-branch-in-ksa\/\"},\"wordCount\":202,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"agriculture\",\"ALSO ON OUR RADAR\",\"energy\",\"EnterpriseAM\",\"JICA\",\"oil and gas\",\"pharma\",\"Saudi Arabia\",\"Social Solidarity Ministry\",\"United Oil &amp; 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