-e-finance looking to list two of its subsidiaries (Khales and e-Cards) on EGX; plans to apply for a digital banking license once the CBE issues the executive regulations of the Banking Act; plans to expand into Arab and African countries

 -ETEL secured a new USD500 mn medium-term syndicated loan for capital expenditure and refinance existing facilities

-ADIB obtained regulatory approval to launch its consumer finance arm, ADI-Consumer Finance

-The Export Council for Building Materials demands that the price of natural gas be fixed for at least 3 years at the current USD4.50/MMBtu, and renews demands for cement factories to operate with natural gas

-Egypt developed a strategic plan for managing water resources until 2037 with an initial estimated cost of USD50 billion

-“AlAhly-CIRA," is studying opportunities to acquire universities and schools that provide digital services; negotiating with EBRD to obtain a loan of EGP500 million to establish new university

-EFID raised the price of Molto by EGP1.00/pack, and is now selling two ranges of the packaged croissants at EGP3 and EGP4

-Car Replacement Initiative reached 33,000 requests

-MHOT reported 1Q21/22 net profit before tax of EGP66.0 million

-Oaks Hotels will launch its brand in Egypt with the 400-room

-Hotel occupancy rate in Marsa Alam reached around 75% this month

-AXPH will distribute FY20/21 DPS of EGP10.00, DY of 6.5%

-CPCI will distribute FY20/21 DPS of EGP4.00, DY of 10.0%

-Egypt to reach fuel self-sufficiency by 2023 as large-scale upgrades to oil refineries and new facilities come online at cost of USD 7 bn

-Egypt could receive up to EUR1 bn from the EU over the next six years for socio-economic development