The government is working on a number of ways of facilitating customs including electronically linking data with the Egyptian Tax Authority to expedite data verifications, improving issues related to duty drawback, temporary admission, and pre-release procedures for shipments.

Adnoc Distribution plans to expand its aviation fuel services in Egypt beyond its existing presence at Cairo and Marsa Allam airports.

The Oil Ministry signed an MoU with Greece’s Environment and Energy Ministry to collaborate on carbon capture, storage, and utilization.

Egypt will ink an agreement to rent a floating regasification unit from Cyprus next month.

Twenty German companies are planning to invest in Egypt’s manufacturing sector.

Saudi energy company ACWA Power has secured a power purchase agreement (PPA) with the state-run Egyptian Electricity Transmission Company (EETC) for a major wind energy project in Egypt's south Hurghada.

Minister of Labor revealed that the government aims to reduce the unemployment rate to 5.7% in 2025, compared to the previous rate of 6.4%.

The FRA revised regulations related to SPACs, allowing them to merge, swap shares, or acquire credit balances of their target company.

COMI (FV: EGP135.00, OW) 4Q24 net profit post-minority interest recorded EGP12,848 million (-13% q/q, +78% y/y), bringing FY24 bottom line to a strong EGP55,196 million (+86% y/y). The stock is currently trading at P/E25 of 4.1x and P/B25 of 1.3x.

BTFH has completed the acquisition of SODIC Securitization Company for EGP8.6 million.

EGAL reported steady KPIs for 2Q24/25. Net profit after tax came in at EGP3.1 billion in 2Q24/25 (+73% YoY, -26% QoQ). 1H24/25 net profit after tax surged 114% YoY to EGP7.4 billion. EGAL is currently trading at FY24/25e P/E of 5.5x and EV/EBITDA of 3.1x.

EGX is considering adopting a real-time settlement mechanism for the voluntary delisting of ESRS shares where transaction settlement and fund disbursement take place immediately upon execution with the opening of the OPR.

FWRY, Banque Misr, and EBC launched a new cash in and out service for e-wallets.

ETEL and Orange Egypt signed transmission and infrastructure services.