Egypt has approved pre-listing procedures for Watenya and Safi, as the first step toward stock market listings.

Serbia will export grain, primarily wheat, to Egypt, as both countries agreed to boost political and economic cooperation.

Egypt’s exports to its 5 largest trading partners in the world increased recording about USD4.97 billion in 4M22, compared to USD2.34 billion in 4M21.

An Egyptian-foreign consortium has been awarded the Cairo Transport Authority development project, which includes adding 100 electric buses to its fleet.

Cabinet greenlit draft amendments to the law establishing the EGP 2 bn fund owned by the Suez Canal Authority.  

Exporters await the final export rebate percentage for FY22/23, in order to determine costs and decide on pricing for export contracts for the new year.  

Egypt's profits from the Sukari gold mine declined by 53% during 1H2022 to record USD21.5 million on relatively lower quantities.

Rosatom has started building the 4.8GW Dabaa nuclear power plant.  ORAS is a key beneficiary, followed by SWDY and ETRS.

BTFH shareholders have from today until 3 August to come to a decision on Chimera Investments’ bid.

Minister of Public Enterprises stated that the revamp of EGAL factories will cost USD300 million, out of which USD200 million will be financed through a sovereign wealth fund.

PACH's BoD objected to Saybad’s tender offer, stating that the price is much lower than the company’s assets or fair value. OGM to vote on the offer. 

JLL: Hotel occupancy rate in Cairo grew to 60% in the first five months of 2022 from 32% in the same period of 2021.

United Tobacco Company will begin manufacturing under its own brand name within one month.

FWRY is partnering with a World Bank-backed initiative to support women-led SMEs.