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Manage episode 427092279 series 2987212
According to the Minutes from the two-day session held on June 11-12, Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates. The FOMC “dot plot” showed one quarter percentage point cut by the end of 2024.
The government cleared USD1.3 bn worth of arrears to foreign oil and gas companies operating in the country at the end of June — accounting for around 20% of its outstanding dues.
The first phase for the Egypt-Saudi Arabia 1.5k GW electricity interconnection will start operations in July 2025.
Japanese hygiene and health food products company Saraya is looking into setting up two projects in the Suez Canal Economic Zone (SCZone). The projects would come as part of the second phase of the company’s USD25 mn investment plan in Egypt.
The Central Bank of Egypt is reportedly gearing up to allow Egyptian expats to transfer their remittances using payment platform InstaPay.
Egyptian National Railways (ENR) has awarded Italy’s Mermec a EUR130 mn contract to supply a European Train Control System (ETCS) for a portion of the railway line linking Sinai to the Suez Canal.
Several European institutions intend to provide funds that might sum up to EUR450 million by 2024 end to the National Tunnels Authority affiliated with the Ministry of Transport, to complete the implementation of the high-speed electric train project linking the cities of Ain Sokhna and Matrouh.
The CEO of the commercial sector at Sky Abu Dhabi, a subsidiary of the Emirati Diamond Group, revealed that his company is currently in negotiations aimed at obtaining a huge plot of land on the North Coast with an area of up to 600 acres, to implement a large project on it.
Kima's fertilizer factories will be fully operational within days, following a partial resumption of gas supplies.
CNFN is planning to invest EGP12 bn across all of its investments, including cars, furniture, furnishings, education and green finance. Additionally, it's planning to enter foreign markets and pursue available opportunities.
Act Financial is planning to use the EGP1 bn raised from its IPO to invest into three EGX-listed companies this year, the company is also exploring potential investments in six non-listed local companies with the hopes of eventually listing them on the EGX. The investments will range from 5-30%, depending on the size of the company and Act Financial's plan for it. ACTF is currently also in negotiations to secure EGP2 bn in loans.
1405 episode
Manage episode 427092279 series 2987212
According to the Minutes from the two-day session held on June 11-12, Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates. The FOMC “dot plot” showed one quarter percentage point cut by the end of 2024.
The government cleared USD1.3 bn worth of arrears to foreign oil and gas companies operating in the country at the end of June — accounting for around 20% of its outstanding dues.
The first phase for the Egypt-Saudi Arabia 1.5k GW electricity interconnection will start operations in July 2025.
Japanese hygiene and health food products company Saraya is looking into setting up two projects in the Suez Canal Economic Zone (SCZone). The projects would come as part of the second phase of the company’s USD25 mn investment plan in Egypt.
The Central Bank of Egypt is reportedly gearing up to allow Egyptian expats to transfer their remittances using payment platform InstaPay.
Egyptian National Railways (ENR) has awarded Italy’s Mermec a EUR130 mn contract to supply a European Train Control System (ETCS) for a portion of the railway line linking Sinai to the Suez Canal.
Several European institutions intend to provide funds that might sum up to EUR450 million by 2024 end to the National Tunnels Authority affiliated with the Ministry of Transport, to complete the implementation of the high-speed electric train project linking the cities of Ain Sokhna and Matrouh.
The CEO of the commercial sector at Sky Abu Dhabi, a subsidiary of the Emirati Diamond Group, revealed that his company is currently in negotiations aimed at obtaining a huge plot of land on the North Coast with an area of up to 600 acres, to implement a large project on it.
Kima's fertilizer factories will be fully operational within days, following a partial resumption of gas supplies.
CNFN is planning to invest EGP12 bn across all of its investments, including cars, furniture, furnishings, education and green finance. Additionally, it's planning to enter foreign markets and pursue available opportunities.
Act Financial is planning to use the EGP1 bn raised from its IPO to invest into three EGX-listed companies this year, the company is also exploring potential investments in six non-listed local companies with the hopes of eventually listing them on the EGX. The investments will range from 5-30%, depending on the size of the company and Act Financial's plan for it. ACTF is currently also in negotiations to secure EGP2 bn in loans.
1405 episode
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