Gov’t fully clears USD 6.1 bn in arrears to int’l oil companies

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The government fully cleared its outstanding arrears to international oil companies — totaling US D 6.1 bn accrued since June 2024 watch, runtime: 05:57

Why it matters: Clearing USD 19 bn USD 6.2 bn

But don't expect an immediate fix:

It wasn’t easy, but it’s done: USD 714 mn USD 440 mn USD 2.5 bn USD 10.7 bn

Gabal El Zeit gets its PPA terms

Alcazar Energy’s Gabal El Ziet wind farm transaction will run for 25 years at a tariff of USD 0.03 per kwh

The upgrade: USD 420 mn agreement

Why it matters: earlier this week

Going green for EBRD capital

The European Bank for Reconstruction and Development (EBRD) is targeting EUR 7.5 bn (c. EGP 450 bn) in financing for Egypt over th e next five years Arabic press

The EBRD is on a major green push, 2026/28 strategy implementation plan (pdf) certifications like EDGE and LEED

REFRESHER- EGP 1.3 bn USD 50 mn

Another IPO delayed to 4Q

Qalaa Holding’s logistics arm National Ports Management (NPM) is now looking to IPO in September Arabic press

The bigger picture: five subsidiaries

Dodging the summer market lull? pushed its roadshow

Introducing KORA.CA. bourse filing (pdf)

REFRESHER- EGP 735 mn IPO 3x covered

Why it matters: Gourmet’s blockbuster offering relatively insulated foreign and regional investors

It’s several degrees cooler in Alexandria

And over the weekend

The big story abroad

The US lau nched a fresh wave of attacks on Iran last night

The Iranian response: Interior Ministry said

The state of Hormuz is unclear

Looking at the markets:

Speaking of US markets: Commenting

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