Back to the complete issue
Tuesday, 10 May 2022

More Israeli gas could be coming to Egypt

Energean could sell 8 bn cubic meters of natural gas per year to Egypt from a newly-discovered field off the Israeli coast, the energy company said (pdf) yesterday. The company has already inked an MoU with the Egyptian General Petroleum Company to supply the gas and could soon sign a binding agreement.

Other things we’re keeping an eye on this morning:

  • The luxury Dubai-based Address hotel is coming to Egypt: Emaar Hospitality will launch the Address Marassi Marina next year. The Address is a house brand of Emaar. (Zawya)
  • Egypt wants local wheat to cover 65% of the country’s consumption by 2025, up from 45% in 2020, Planning Minister Hala El Said told the House of Representatives. (Statement)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.