Cabinet approves investment zone for Alam Al Roum, unlocking incentives

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The central bank’s Monetary Policy Committee is meeting on Thursday, and for the first time in months, analysts aren’t all saying the same thing.

Also, Egypt’s primary corn supplier is out.

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A zone for Alam Al Roum

Alam Al Roum is moving toward investment-zone status statement

Why it matters: 19 existing investment zones the Investment Law of 2017 (pdf)

Construction is already underway. kicked off the EGP 220 bn first phase

Cronos gets its driller

Eni is pushing Cronos closer to execution statement

Every step Cronos takes toward production pushes Egypt’s gas-hub strategy from concept to implementation.

And Cronos is not alone: signed an MoU Pegasus, Glaucus

AGL gets its extension

The Financial Regulatory Authority (FRA) has given Africa Global Logistics (AGL) three more months to firm up its Egytrans Nosco offer statement (pdf)

REFRESHER- a non-binding indicative offer mid-July later that month

It’s even nicer in Alexandria

The big story abroad

Fears over rogue AI were a major focus of news coverage over the weekend. will launch AI Force stalled shortly after its introduction

An AI player is stepping in: has partnered with tech consulting outfit Accenture

Not quite the 51st state: new pact between the US and Denmark gives the US “permanent control,” said the pact would not compromise

Oil flows in post-Maduro Caracas: signed an MoU