Government raised gas cost for the industrial sector to USD5.75/MMBtu

Fertilizer companies have demanded an increase in the prices of supplying subsidized fertilizers from EGP2,900/ton to EGP3,480

ABUK’s CEO: Company’s financial advisors are to re-study the feasibility of its projects after the hike in natural gas prices

SKPC 3Q21 net profit hit EGP75 million (+13%YoY, -3%QoQ); SKPC had undergone planned maintenance shutdown; SKPC is trading at 2021e P/E of 9.8x and 2022e P/E of 6.7x

Foreign and local institutions are looking to acquire a stake in Aman for Financial Services, a subsidiary of RAYA, through acquiring a direct stake or through an EGX listing

AUTO to deliver 300 Tiggo-III cars per month for the car replacement program, in addition to 500 Hyundai-branded and 300 Chery-branded cars

Around 6k hotel rooms are under construction at an investment cost of EGP1.8-2.0 billion in Marsa Alam

GCSS initiated the construction of the grain silo with a storage capacity of 100,000 tons at EGP520 million

The CBE decided to keep the key policy rates unchanged

Ministry of Supply decided to raise the price of vegetable oil to EGP25 per litre 

The government IPO program will resume, actively, over the next few months

World Bank has approved a USD360 million facility to support the Egyptian economy 

Exports to the G20 grew by 39% YoY during 1H2021 to record USD9 billion up from USD6.5 billion 

Egypt aims to raise the private sector’s contribution to economic activity to 50% during the next three years

Ministry of Finance will present to the Senate its responses to brokerage companies' concerns about the repercussions of implementing the capital gains tax law on stock exchange transactions