Pre-Trading Thoughts

Around 4,000 expats have submitted requests to import vehicles under the government scheme, which will likely provide the state just USD62 million.An Egyptian-Dutch JV will build and manage a grain logistics hub at Alexandria port, under an MoU signed yesterday between the two companies and Alexandria Port Authority.The Suez Canal Authority (SCA) is in the process of acquiring 100% of South Red Sea Shipyard company, which specializes in building and maintenance of ships and yachts.AMER’s shareholders approved splitting the company through a BV split into one focused on real estate and the other focused on recurring income businesses such as malls and hotels.Orascom Construction and Colas Rail consortium is one of the three qualified consortiums to the final stage of developing Abu Qir - Alexandria underground project in March 2023, at initial cost of EUR1.5 billion.RMDA acquired the exclusive rights to sell nasal decongestant spray “Physiomer: in Egypt, in strategic entry point into the medical devices segment.The Egyptian Commercial Service is in talks with Malaysian authorities to build a USD30 mn palm oil processing factory in the Suez Canal Economic Zone.The government is in early-stage negotiations with Abu Dhabi Ports and Qatar Ports Management Company (Mwani) to manage and operate ports in Egypt.Alexandria Port Authority made an agreement with an Egyptian-French consortium to manage and operate a multi-purpose terminal in Alexandria Port, to increase the volume of containers handled inside the port.