Pre-Trading Thoughts
Manage episode 307869402 series 2987212
The MTO on OCDI is open from 24 November 2021 to 7 December 2021
EGTS reported 3Q21 net profit of EGP7.9 million, compared to 3Q20 net loss of EGP3.2 million and 2Q21 net loss of EGP6.2 million
The New Urban Communities Authority is planning to issue next month 14 land plots for co-development, with land plot areas ranging from 50 feddans to 500 feddans in West and East Cairo
Airlines are getting a 50.0% discount on landing, accommodation, and waiting fees at Red Sea, South Sinai, Marsa Matrouh, Luxor, and Aswan airports until April 2022
EETC signed yesterday a contract with SWDY to build an EGP21 million transformer station for feeding the New Administrative Capital's Monorail
ORAS’s acquisition of companies owned by the Sawiris family might be completed by 1Q2022 and that the transaction might be settled in cash, and not through a share swap; An IFA is currently being conducted on the acquisition targets
COMI approved the allocation of USD70 million in proceeds from its green bond issuance to fund sustainable projects
The Minister of Electricity said that the Ministries of Electricity and Petroleum have agreed to fix gas prices for usage by the electricity sector
The government revised its forecast for growth in the current FY2021/22 upwards, from 5.4% to 5.6%, Planning Minister Hala El-Said said
Egypt is expected to secure a USD3 billion loan to be used in part to finance sustainable projects
The government intends to offer 5 or 6 new companies on the Egyptian Stock Exchange before the end of the current fiscal year
CBE announced an EGP55.5 billion financing program to help farmers switch to modern, more water-efficient irrigation methods
The Asian Infrastructure Investment Bank is to provide development financing for Egypt worth USD360 million to scale up impact in achieving the Sustainable Development Goals
Israel seeks to increase its exports of natural gas through Egypt, in early 2022
The Minister of Finance said that the government has disbursed almost EGP30 billion for 2,500 in export subsidies
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