CIB sees major block trade EGP 2.46 bn
· Egyptian market news
Good morning, folks.
Leading with updates from the EGX:
The Finance Ministry is out with its debt plan
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CIB stocks saw action yesterday
CIB sees major block trade: disclosure
Another shot on land
Egypt is weighing three bids to build its first onshore LNG regasification terminal competing to develop the facility
Why build onshore? late last month
REMEMBER- back in 2025
The import bill is already mounting: some 20 LNG cargoes in September import bill is earmarked for USD 10.7 bn
The underlying problem: 6.6 bcf / d by 2027
Private-sector government suppliers now reportedly need Central Bank of Egypt (CBE) sign-off on new, renewed, or increased FX credit facilities bankers familiar with the instructions
The goal: economists told us last month
This has happened before: told banks in 2017
Last call on disputes
The Finance Ministry expanded the final window for settling tax and customs disputes to 31 December
Who can apply? in June
Also from FinMin: The Finance Ministry is asking exporters to map the customs bottlenecks they want fixed
REMEMBER- 48-hour clearance target wider customs overhaul
It’s several degrees cooler in Alexandria
The big story abroad
US President Donald Trump has ruled out extending the 60-day agreement between the US and Iran
Tehran says it is ready to escalate: shifting
In the AI world: pledged
More trouble is apparently brewing in the private credit world. FT report
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