Egypt, IMF reach staff-level agreement on seventh review

Good morning, friends.

Nassef Sawiris’ NNS Holding has filed the draft offer memorandum for its take-private of OCI Global with Dutch regulator AFM final offer

A “credit bubble” or a blind spot?

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Within reach of the finish line

We are one step closer to a USD 1.6 bn IMF disbursement. statement

The Fund is happy with how we’ve handled the spillover from the regional war

The flexible exchange rate got some love

This doesn’t mean we’re out of the woods just yet:

We’ve been making progress on that front: Taqa Arabia acquired 10% took over the management here

When can we expect the funds to land? this summer

Keeping fuel flowing

The government is moving to renew the General Petroleum Company’s (GPC) rights over six oil-producing concessions

The concessions: upcoming EGX listing

Why it matters: Decreasing oil output USD 1.31 bn in drilling investment

WhatsApp usernames are up for grabs

WhatsApp is introducing optional usernames to allow users to connect and chat without having to share their personal phone numbers press release

Usernames will be unique to each user and can be reserved via the app starting this week.

It’s several degrees cooler in Alexandria

The big story abroad

With no fresh up date on the US-Iran talks, no single story is dominating the front pages this morning.

Cook stays: ruled to block

Another high-profile shakeup in the media world: spin off split reportedly aims to increase investor appeal

Meanwhile, in the AI world: massive surge

And, in a first, the Dow Jones Industrial Average surpassed the 52k mark yesterday

*** It’s Going Green day — your weekly briefing of all things green in Egypt: