Minister of Finance expects the first installment of the IMF loan of about USD750 million to be received during December, which represents 25% of the total value of the USD3 billion loan.

Minister of Finance expects the issuance of Panda bonds worth USD500 million before the end of March 2023.

Egypt's PMI dropped from 47.7 in October to 45.4 in November.

The government could sell stakes in companies in the banking and oil sectors before March 2023.

Qatar Investment Authority is close to finalizing agreements with Egyptian government to execute USD2.7 billion investment deals.

The Sovereign Fund of Egypt is preparing to launch a promotional roadshow in early 2023.

Chevron has discovered an offshore gas field in the Mediterranean estimated to hold 3.5 trillion cubic feet of gas. Chevron made the finding drilling its first ever offshore well in Egypt at its Narges block off the coast of North Sinai.

OPEC+ said on Sunday that they would leave their quotas for oil production unchanged. Today marks the start of an EU embargo on Russian seaborne crude and the introduction of the G7’s price cap of USD60/bbl on Russian crude.

The Electricity Ministry will start allocating land for the nine green hydrogen projects signed at COP27 within the next few days.

Non-bank lenders will be required to have solvency ratios of at least 12% at any time rather than by the end of each quarter.

The general assembly of Damietta Container and Cargo Handling Company and Port Said Container Company, subsidiaries of the Holding Company for Maritime and Land Transport, agreed to offer part of its shares on EGX if the legal, financial, and technical conditions are met.