The Madbouly government expects to raise as much as USD 6 bn by selling stakes in state-owned assets by mid-2023, Planning Minister said.
Egypt's liquefied natural gas (LNG) exports reached USD 8 bn in FY21/22/. The government will target USD 8.5–10 bn in natural gas revenues in FY22/23.
Egypt is targeting digital exports of USD5.5 billion in FY22/23 (+13% YoY).
The Ministry of Electricity is looking at the new electricity tariffs and is developing scenarios for the deferred price movements, in light of the exchange rate and the price of natural gas.
GB Auto is aiming to start production in their new factory in Sadat City before the end of 2023.
GB Auto is offering its customers who booked unavailable passenger cars a replacement option or refunds.
Al Nasr Automotive is comparing between two partnerships (Indian & Japanese) offers to manufacture the electric TukTuk with an annual capacity of 50 thousand units annually.
Aldar Properties is looking at the New Administrative Capital for potential investment opportunities.
Saudi Jamjoom Pharma will open a pharmaceutical factory in Egypt with a value of EGP1.0 billion at the end of the year.
FRA highlighted that microfinance lending has reached EGP3.33 billion in the first half of 2022, reflecting an annual increase of 45.3%. Consumer finance increased by 10.18% YoY, to reach EGP16.43 billion by the end of June 2022.
ABUK approved a DPS of EGP3.00/share (DY of 12.3%). The first installment of EGP1.00/share with a distribution date of 20/10/2022. The second installment of EGP2.00/share with a distribution date of 29/12/2022.
AMOC approved a DPS of EGP0.55/share (DY 13.4%). The first installment of EGP0.30/share with a distribution date of 20/10/2022. The second installment of EGP0.25/share with a distribution date of 22/02/2023.
RAKT intends to pump EGP700 million to renovate its production lines in Alexandria in FY22/23. The total investment cost of the renovation project is EGP1.5 billion.
A Spanish investor joined the alliance of Madkour Group and Ocean Express, to manage and operate Damietta's dry port at an estimated cost of EGP2 billion.