Wataneya and Safi are named as among the up-to-four military companies to be offered up on the EGX, unnamed sources said. The National Service Products Organization-owned filling station operator and bottled water company are reportedly currently being reevaluated ahead of a listing scheduled for 1Q25. 

The EGP fell to its lowest level on Thursday since March’s exchange rate liberalization, passing the EGP50.00 mark against the greenback.

Egypt is to lease a second LNG floating regasification unit starting 2H25, following an agreement to lease a unit between US-based New Fortress Energy and Egyptian Natural Gas Holding Company (EGAS).

The CBE sold only 6.2% of its target for year-long USD-denominated bills and 18.0% of its six-month bills as investors demanded higher interest rates during the bank’s most recent auction on Thursday. 

US energy giant Exxon Mobil will start drilling a new offshore gas exploration well in the North Marakia concession in the western Mediterranean on 15 December, according to a statement from the Oil Ministry.

The CBE gave the green light to a number of banks to start accepting Egypt-bound remittances from abroad through the Central Bank’s payment platform Instapay, the bank said in a statement.

The World Bank said that it had reached an agreement with the Egyptian government to extend the program to support the comprehensive health insurance system until September 2026, instead of October 2024. 

President Abdel Fattah El Sisi and Danish King Frederick X launched the Egypt-Denmark Business Council, which will serve as a “gateway for Danish economic and commercial bodies to explore investment opportunities in Egypt,” namely in the infrastructure, ICT, renewable energy, and transformative industries sectors.

Egypt Post acquired EGP8.9 billion in shares owned by the National Investment Bank in seven EGX-listed companies, Asharq Business reports citing an informed government source. The shares were purchased from EAST, ABUK, ALCN, MFPC, EKHO, AMOC, and SKPC.

The Finance Ministry will launch public consultations on its tax policy document in the first quarter of the next fiscal year, according to a statement by the Ministry. 

The General Authority for Supply Commodities (GASC) has been reportedly replaced by the Mostakbal Misr Agency for Sustainable Development of the Egyptian Armed Forces. Mostakbal Misr will “assume all jurisdictions previously held by GASC,” according to a letter from the Supply Ministry to Russia’s Minister of Agriculture seen by Reuters.

ETEL, alongside other mobile network operators, announced increasing the price of home internet packages and mobile packages by around 31-32%.

ABUK has decided to replace part of the natural gas used in its ammonia production facility with 50 tons a day of green hydrogen, according to an EGX disclosure. The 12-month project is also expected to up production 100 tons to 1.2k tons a day. 

SUGR cash dividends of EGP5.00/share will be paid out in two equal installments, with the first to be paid on 26 December 2024 and the second on 22 January 2025. The record date is on 23 December 2024.

DOMT has submitted documents to reduce the company's authorized capital to EGP282.6 million down from EGP500 million.

BTFH is planning an issuance of securitization bonds with a value of EGP3 billion in 2025.