Indian chemicals producer TCI Sanmar has plans to invest an additional USD300 million into its Egypt operations.

Feedgas deliveries to the Damietta and Idku liquefaction plants have been recently increasing, with unnamed sources telling Bloomberg that Egypt could export its first LNG shipment from Idku within a year.

A delegation from the Investment Ministry will meet with EU representatives to discuss the EU's recently announced temporary 15.6% dumping duties on Egyptian steel exports.

The Ministry of Finance has completed preparations for a amendments of the Value Added Tax Law, in preparation for submission to the Cabinet. 

Egypt has contracted with BP to import two shipments of liquefied natural gas during current March.

Supermarket giant Lulu Group International is looking to expand in Egypt. 

The Ministry of Investment and Foreign Trade has approved import shipments by some car dealers, after a three-year hiatus. 

Local renewables player IRSC signed a 30-year Power Purchase Agreement with ARCC to supply it with clean, reliable electricity generated from renewable sources. 

SWDY increased its stake in subsidiaries Pyramids for Industrial Development (PID) and Pyramids Zona Franca (PZF) with total value of EGP1.15 billion.

CANA AGM approved the distribution of 0.54:1 bonus shares.

ATLC received FRA approval to increase the company’s paid-in capital by EGP441.3 million through rights issue.

GBCO’s venture capital arm, GB Ventures, plans to invest up to USD1 million in three to five startups this year as part of its expansion plan across the Middle East and Africa.