{"id":580435,"date":"2022-12-27T13:16:11","date_gmt":"2022-12-27T13:16:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/27\/this-evening-egas-launches-oil-and-gas-exploration-tender-banks-and-the-bourse-will-be-off-on-new-years-day\/"},"modified":"2022-12-27T13:16:11","modified_gmt":"2022-12-27T13:16:11","slug":"this-evening-egas-launches-oil-and-gas-exploration-tender-banks-and-the-bourse-will-be-off-on-new-years-day","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/27\/this-evening-egas-launches-oil-and-gas-exploration-tender-banks-and-the-bourse-will-be-off-on-new-years-day\/","title":{"rendered":"THIS EVENING: EGAS launches oil and gas exploration tender + Banks and the bourse will be off on New Year\u2019s Day"},"content":{"rendered":"

Happy hump day, friends.<\/strong> We\u2019re nearly at the end of the business week, the month, and the whole year \u2014 and the news cycle is starting to take its cue.<\/p>\n

<\/a> PSA- Banks will be off on Sunday, 1 January to mark the end of their fiscal year <\/strong>and will be returning to work on Monday, 2 January, Hapi Journal<\/a> reports, citing a statement from the Central Bank of Egypt. The EGX has also followed suit and declared Sunday a holiday in light of banks\u2019 closure, in a statement seen by Enterprise.<\/p>\n

Enterprise will also be off:<\/strong> Tomorrow is the last day EnterpriseAM and EnterprisePM will be publishing issues until Monday, 2 January. Both editions will be off this Thursday, 29 December and on Sunday, 1 January. Our publishing schedule will return to normal at the appointed hour on Monday, 2 January.<\/p>\n

THE BIG STORY TODAY<\/strong><\/p>\n

<\/a> EGAS kicks off oil + gas exploration tender:<\/strong> State-owned Egyptian Natural Gas Holding Company (EGAS) launched today a tender for 12 new oil and gas exploration blocks in the Mediterranean and Nile Delta, according to an Oil Ministry statement<\/a>. The tender includes six onshore blocks and another six offshore blocks. Companies interested in participating in the tender have until 12pm on 30 April 2023 to submit their bids.<\/p>\n

THE BIG STORY ABROAD<\/strong><\/p>\n

The reopening of China in a \u201cdecisive break\u201d with covid-zero policies continues to lead<\/strong> the conversation<\/strong> in the international business press this afternoon. As Beijing removes strict policies on quarantine requirements and travel restrictions, Chinese citizens are beginning to make international travel plans for the first time in nearly three years, while US stock futures are also rallying on the policy u-turn. The story is getting ink from the Financial Times<\/a>, the Wall Street Journal<\/a>, Reuters<\/a>, Bloomberg<\/a>, and CNBC<\/a>.<\/p>\n

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** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM<\/strong>:<\/p>\n