Negotiations are currently underway to open branches of Egyptian universities overseas, with the efforts taking place within a push internationalize the higher education sector in Egypt and education service exports.

The Egyptian Customs Authority (ECA) has begun procedures to release the roughly 30k vehicles currently stranded at the country’s ports that violated previous personal import or disabled-accessible vehicle import regulations, according to a document from the authority. 

Lawmakers gave the final sign-off to a government-drafted law that directs cash-based subsidies to citizens who fall below the poverty line and lack access to social ins. initiatives.  

MPs signed off on a EUR 135 mn grant from the European Investment Bank to support the Environment Ministry’s Sustainable Green Industry project, which will support the greening of the country's industrial sector by implementing climate change and environmental sustainability measures.

Egypt's fuel imports amounted to c.USD15.5 billion in 2024, an increase of 26% YoY. According to a government official, petroleum products imports accounted for the largest share of the import bill last year, at a value of nearly USD10 billion.

ESRS board of directors decided to continue the procedures for delisting its shares from the EGX, pending the general assembly’s approval.  Objecting shareholders can sell their shares back to the company at the independent financial advisor’s fair value of EGP138.15/share.

The Parliament greenlit the Finance Ministry guaranteeing EGAL's financial commitments with Norwegian renewables firm Scatec under a power purchasing agreement between the two. 

MBSC inked an EGP298 million agreement to build a solar power plant, at the company's facility in Beni Suef, in partnership with Chinese tech giant Huawei, Chinese solar module manufacturer Jinko Solar, and local renewables company Integrated Renewable & Sustainable Communities. The solar project will support the company’s efforts to power its industrial activities with renewables.

ExxonMobil has found natural gas at its Mediterranean’s North Marakia offshore concession after drilling at the block began in mid-December. The size of the find has yet to be determined, but pre-drill estimates came in at around 3.5 trillion cubic feet, the report reads.

Chemicals and Fertilizers Exports Council is asking for increasing export subsidy to a minimum of EGP50 billion, from EGP23 billion currently to be able to increase exports to EGP100 billion.

Tasaheel micro finance issues sukuk with a value of EGP7 billion next month.