CBE revealed the sale of one-year treasury bills for USD1.06 billion at an average rate of 4.9%.

The government intends to sell 5-20% stakes of around 20 owned companies either through IPO or by selling to strategic investors, starting March 2023. Companies include: Ennpi, EDC, Midor, Assiyut Refining, AMOC, SKPC, Ethydco, ABUK, Emethanex, ELAB, Port Said Containers, Damietta Containers, Housing & Development Bank, Bank of Alexandria, Banque du Caire, E-finance, HELI, MNHD, Misr Life Insurance, EGAL, and Waphco.

The Cabinet will release its hydrogen strategy within a month.

Prime Minister Moustafa Madbouly has tasked the Cabinet Information and Decision Support Center to work on strategies that could reduce our exposure to external risks in the coming years.

The FRA has amended rules governing capital increases in a bid to make it easier for EGX-listed firms to raise fresh capital. 

ORHD expects real estate selling prices to increase by up to 30.0% in 2023 and plans to deliver 1,400 units in O West in 2023.

EGAS released FY22 results indicators posting an 82% YoY increase in net profit to EGP302 million, compared to EGP165.8 million in FY21.

TALM reached a preliminary agreement with one of the banks to borrow EGP1.5 bn to finance part of its new project "Badya University".

ELEC clarified that the meters facility in Abu Rawash is owned by ELEC's subsidiary Giza Power Industry and hasn't been finalized neither its investment cost.

Orange Egypt signed a partnership agreement with FWRY to enhance digital payment services through Orange Cash wallet, mobile money transfer and digital banking services.