Net international reserves increased by about USD60 million, recording USD40.91 billion by end of November

The latest set of conditions for the new license to manufacture cigarettes was published yesterday; Higher competition for EAST might exist for Cleopatra brand; EAST is allowed to own 24% of new company

 CBE, Finance Ministry, and Egyptian Banks Company signed an agreement with MTS (EFIH owns 10% of MTS) to integrate Egypt’s banking system with the Nafeza system for digitizing customs’ payments and collections (EFIH)

 The government is moving ahead with the construction of the Dabaa Nuclear Power Plant; Some 295 Egyptian companies have registered to supply equipment and local components for the Dabaa nuclear power plant

 Al Dar Consortium's MTO on OCDI was executed at the end of the trading day yesterday, with the consortium acquiring 85.5% of OCDI's shares

 Real estate developers are expecting an increase in real estate prices of around 20% in 2022, driven by an increase of 5-10% in construction costs

 KIMA announced that raise in local subsidized fertilizer prices, from EGP3,000 to EGP4,500 per ton, will add EGP7 million per month to its revenue base

 Moon Capital Partners Master Fund Ltd has cut its stake in EKHO to 4.8% from 5.52%

 FRA has granted HRHO’s asset management arm the license to start managing investment funds