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Egypt moves a step closer to settling African trade without the USD detour
The integration would let Egyptian traders settle with African counterparts without routing every payment through a correspondent bank in USD
Egypt wants Austria to set up a logistics zone in the SCZone as an export base into Arab and African markets
Egypt already has Emirati, Turkish, Chinese, and Russian zones in the SCZone — an Austrian zone would be the newest…
TODAY: US targets Iran airline service providers + Saudi Arabia’s East-West Pipeline is flowing again
What we’re tracking this morning regionally and around the world
TODAY: Is Hormuz reopening or are oil flows simply recovering?
What we’re tracking this morning regionally and around the world
Sky Ports advances Borg El Arab dry port, Unigaz expands in Hail + Etihad locks in more ground support
Stories on our radar this morning from around the region
Egypt's fire-damaged FSRU heads to Spain for repairs, with an end-October return to Damietta
The Mediterranean coast goes without regasification capacity for another two months, leaving Sokhna and Aqaba to carry Egypt's LNG imports
Adnoc Distribution adds Sphinx, Hurghada airports to its aviation fuel network
Plus: Adnoc is weighing a c. USD 1 bn investment to add roughly 400 service stations to its current 245
TODAY: Adnoc Distribution is set to expand aircraft refueling in Egypt + Egypt’s fire-damaged FSRU is headed to Spain for repairs
What we’re tracking this morning regionally and around the world
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