{"id":660883,"date":"2025-02-19T00:00:00","date_gmt":"2025-02-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/19\/egypt-to-rent-another-floating-regasification-unit-from-cyprus\/"},"modified":"2025-02-19T00:00:00","modified_gmt":"2025-02-19T00:00:00","slug":"egypt-to-rent-another-floating-regasification-unit-from-cyprus","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/19\/egypt-to-rent-another-floating-regasification-unit-from-cyprus\/","title":{"rendered":"Egypt to rent another floating regasification unit from Cyprus?"},"content":{"rendered":"

Good morni<\/strong>ng, all.<\/strong> We have another busy issue for you this morning with the news flow showing no signs of slowing down.<\/p>\n

PSA-<\/p>\n

You<\/strong> can now <\/strong>book train ticke<\/strong>ts through the <\/strong>Egyptian National Railways\u2019 <\/strong>new 24\/7<\/a><\/strong>hotline<\/a><\/strong>. <\/strong>To reserve or make inquiries, call 1661 from a mobile phone, or 09000661 on a landline. Payments also can be made through Fawry, with more payment options in the pipeline.<\/p>\n

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WEATHER- <\/strong>It\u2019s another sunny day in Cairo, with a high of 22\u00b0C and a low of 13\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s a little colder in Alexandria<\/strong>, with a high of 19\u00b0C and a low of 12\u00b0C.<\/p>\n

** DID YOU KNOW that we now cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

\n

WATCH THIS SPACE- <\/p>\n

#1- Twe<\/strong>nty German c<\/strong>ompanies are planning t<\/strong>o invest in Egypt\u2019s manufacturing sector<\/strong>, a high-ranking government source told EnterpriseAM. A delegation of the companies met with government officials last week to discuss the proposed investments that include projects in the auto feeder industry and electrical engineering.<\/p>\n

The pull? Cheaper energy and lower <\/strong>taxes<\/strong> than in Germany is what persuaded the companies to consider setting up shop in Egypt, according to the source.<\/p>\n

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<\/a> #2-<\/strong> Egy<\/strong>pt w<\/strong>ill ink an agreement to rent a floating regasification unit from Cyprus next <\/strong>month<\/strong>, with the ship, which will have a daily processing capacity of 500 mn cubic feet per day (mcf\/d), set to dock in Egypt to cover high energy demand in the summer months, Asharq Business<\/a> reports citing an unnamed government official.<\/p>\n

That makes five: <\/strong>Egypt reportedly chartered a third floating storage regasification unit<\/a> to process LNG imports to dock at Ain Sokhna by June 2025 and a fourth unit from Turkey<\/a> to dock for the duration of the summer.<\/p>\n

DATA POINT- <\/p>\n

<\/a> Gold prices hit an all time high: <\/strong>The price of 24 karat gold surged to EGP 4,714 per gram and 21 karat gold rose to EGP 4,125 per gram yesterday, which gold trading platform iSagha CEO Saied Embaby attributed<\/a> to heightened demand as people look to the precious metal as a hedge amid ongoing geopolitical uncertainty. <\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

HAPPENING TODAY- <\/p>\n

<\/a> It's th<\/strong>e closing day of the <\/strong>Egypt Energy Show<\/a><\/strong>, where private and public energy players from around the world have gathered at the Egypt International Exhibition Center in Cairo. The three-day event \u2014 coming this year under the theme of Building a Secure and Sustainable Energy Future \u2014 brings together 47k visitors, features 300 speakers, and hosts more than 500 participating companies. <\/p>\n

HAPPENING TOMORROW- <\/p>\n

<\/a> #1- Will tom<\/strong>orrow be the day the Central Bank of Egypt starts cutting rates? <\/strong>The central bank\u2019s Monetary Policy Committee will meet tomorrow to decide on whether to kick off the year with an interest rate cut after having kept rates stable<\/a> since its March hike that coincided with the float of the EGP.<\/p>\n

Analysts are split on which way the committee will go<\/strong>, with some telling us in our customary interest rate poll<\/a> that they expect the bank to cut interest rates by 100-200 basis points (bps) on the back of a strong positive base effect and slowing inflation. While others believe that the recent inflation data will prompt the bank to wait until the next time the committee meets in April.<\/p>\n

\n

\n

#2- Egypt-<\/strong>Switzerland economic cooperation is on the agenda tomorrow <\/strong>at the online event Innovate Together: Business Opportunities Between Egypt and Switzerland<\/a>, organized by the Egyptian-Swiss Business Circle and Switzerland-based Kickstart Innovation. The event will gather startups, investors, and public and private players from both nations to explore potential business prospects between the two countries.<\/p>\n

\n

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

Talks on the Russia-Ukraine war held in Riyadh are in the spotlight this morning<\/strong>, as senior delegates from the US and Russia agreed to start laying the groundwork for an agreement that ends the war.<\/p>\n

Saudi Arabia hosted talks between senior US and Russian officials yesterday<\/strong>, spearheaded by US Secretary of State Marco Rubio and Russian Foreign Minister Sergei Lavrov. The two sides agreed to chart a way towards normalizing their diplomatic missions and ending the Ukraine war.<\/p>\n

Europe is trying to catch up: <\/strong>The EU \u2014 notably missing from the talks \u2014 is set to join the table \u201cat some point\u201d to iron out details regarding sanctions on Russia, Rubio said.<\/p>\n

Ukraine is not on board: <\/strong>\u201cNobody decides anything behind our back,\u201d Ukrainian President Volodymyr Zelensky said in a press conference after the US-Russia meeting was concluded. Zelensky, who was due in Saudi today for a separate trip, postponed his visit to the Kingdom in a move to avoid \u201cany coincidences.\u201d US President Donald Trump signaled he wants to see elections in Ukraine once the war ends, and said that Ukraine\u2019s leadership \u201callowed a war to go on that should have never happened.\u201d (Reuters<\/a> | Associated Press<\/a> | EC<\/a> | Semafor<\/a> | FT<\/a>)<\/p>\n

MEANWHILE IN GAZA- <\/strong>Israel confirmed negotiations on the second phase of the ceasefire agreement will begin this week, after securing an agreement in Cairo that will see Hamas release six living captives instead of three next Saturday. Israeli Foreign Minister Gideon Saar said Israel will reject any arrangements that do not involve disarming Hamas and all other factions, adding that rule in Gaza will not be transferred to the Palestinian Authority. (Bloomberg<\/a> | Reuters<\/a>)<\/p>\n

<\/p>\n

*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p>\n

In today\u2019s issue: <\/strong>We look at BMI\u2019s key themes shaping the construction sphere this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, all. We have another busy issue for you this morning with the news flow showing no signs of slowing down. PSA- You can now book train tickets through the Egyptian National Railways\u2019 new 24\/7hotline. To reserve or make inquiries, call 1661 from a mobile phone, or 09000661 on a landline. Payments also can […]<\/p>\n","protected":false},"author":1,"featured_media":660884,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7204],"tags":[72,91,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-oil-and-gas","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"c4567e6b-e20b-4f84-88fa-efe943016e3e","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/2\/1851.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt to rent another floating regasification unit from Cyprus?","related_issue":[660881],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.0fae8bf7-f3aa-48db-8ff9-6f2f3806c81e.mp3"},"yoast_head":"\nEgypt to rent another floating regasification unit from Cyprus? - 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\/2025\/02\/19\/egypt-to-rent-another-floating-regasification-unit-from-cyprus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to rent another floating regasification unit from Cyprus?\" \/>\n<meta property=\"og:description\" content=\"Good morning, all. We have another busy issue for you this morning with the news flow showing no signs of slowing down. PSA- You can now book train tickets through the Egyptian National Railways\u2019 new 24\/7hotline. To reserve or make inquiries, call 1661 from a mobile phone, or 09000661 on a landline. 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We made it through another week together. There are just 21 days left in 2020, if you \u2014 like us \u2014 are keeping count. *** We\u2019re a bit late this morning because one of our cloud services is glitching this morning. We\u2019ve addressed most of the problem,\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578263,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/this-morning-another-year-with-no-state-funded-hajj-trips-sbf-extradition-today\/","url_meta":{"origin":660883,"position":1},"title":"THIS MORNING: Another year with no state-funded Hajj trips + SBF extradition today","author":"enterpriseam admin","date":"21 December 2022","format":false,"excerpt":"Good morning ladies and gents. There may be only seven working days remaining of the year but 2022 shows no signs of wanting to take a time out. Here in Egypt we have a crucial central bank policy meeting tomorrow and \u2014 as the IMF\u2019s Egypt mission chief reminds us\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/445.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578306,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/","url_meta":{"origin":660883,"position":2},"title":"THIS MORNING: Expect another mega-rate hike when the central bank meets later today","author":"enterpriseam admin","date":"22 December 2022","format":false,"excerpt":"Good morning, dear readers, and congratulations on making it to the end of another week. Like many of you, we're going to be turning on our OoO responders on Sunday and having ourselves an extended weekend for the Christmas break. We'll be back in your inboxes on Monday at the\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568284,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/what-were-tracking-on-24-december-2020\/","url_meta":{"origin":660883,"position":3},"title":"What we\u2019re tracking on 24 December 2020","author":"enterpriseam admin","date":"24 December 2020","format":false,"excerpt":"Good morning, everyone, and a very Merry Christmas to all those who are observing tomorrow. We made it through another week together \u2014 and have a pleasantly quiet issue for you this Christmas Eve morning.Last orders on the NYSE and Nasdaq will be at 1pm Eastern today while the closing\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598078,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/what-were-tracking-on-14-may-2019\/","url_meta":{"origin":660883,"position":4},"title":"What we\u2019re tracking on 14 May 2019","author":"enterpriseam admin","date":"14 May 2019","format":false,"excerpt":"Good morning, friends, and welcome to the slowest news morning yet of Ramadan. Business is moving at a snail\u2019s pace between the heat and lack of caffeine, making the one big story of the day the still-unfolding mess in global markets. We have the full rundown in this morning\u2019s Speed\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548625,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/this-morning-cbe-odds-on-to-hike-rates-this-thursday-kenya-has-a-new-president\/","url_meta":{"origin":660883,"position":5},"title":"THIS MORNING: CBE odds-on to hike rates this Thursday + Kenya has a new president","author":"enterpriseam admin","date":"16 August 2022","format":false,"excerpt":"Good morning, friends, and welcome to a big news morning. There\u2019s plenty of good news today, including the first tentative sign of renewed foreign appetite for Egyptian debt and another boost to our regional energy hub ambitions (from The Company Formerly Known As Delek and a compatriot).Also notable: Six of\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=660883"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660883\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/660881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/660884"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=660883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=660883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=660883"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=660883"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=660883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}