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Posted inEGYPT IN THE NEWS
Egypt in the News on 7 October 2019: Cybersecurity leads the conversation
Cybersecurity led the conversation on Egypt in the foreign press over the weekend: News of an alleged campaign to plant software in apps downloaded from the Google Play Store to track the movements of Egyptian rights activists and journalists is generating significant coverage (New York Times︱Register︱Ars Technica︱Cyberscoop). Forbes, however, questions whether the move was actually […]
Posted inEnergy
Egypt’s NREA to hike price of renewable electricity sold to EETC
The government will increase the price of electricity sold by the New and Renewable Energy Authority to the Egyptian Electricity Transmission Company (EETC) by EGP 0.11 per kWh to EGP 0.66 per kWh next year, sources from the Electricity Ministry told Al Mal. This is the penultimate increase under a plan to gradually increase prices […]
Posted inEnergy
Egypt close to signing USD 300 mn contracts for solar power projects
The National Renewable Energy Authority (NREA) is close to inking contracts worth USD 300 mn for solar power projects with a total capacity of 250 MW during the FY 2019-2020 fiscal year, authority head Mohamed El Khayat told Al Shorouk. The NREA is currently studying requests from investors to implement 2.5 GW-worth of solar power […]
Posted inHealth + Education
Nile Valley Company to develop 126 clinics, nine hospitals
The Health Ministry has reached an agreement with the Nile Valley Company to develop 126 main clinics, nine hospitals and one medical complex in Suez, Ismailia, Luxor and Aswan governorates, the local press reported. The move comes as the government prepares to roll out its universal health insurance scheme to other governorates across the country.
Posted inReal Estate + Housing
NUCA purchases 300 feddans in El Warraq for EGP 2 bn
The New Urban Communities Authority (NUCA) has purchased 300 feddans in El Warraq island in exchange for paying EGP 2 bn in compensation to the owners, a Housing Ministry official told Al Shorouk. The authority is still in negotiations with the owners to take over the rest of the land — estimated at an additional […]
Posted inTourism
TUI Group interested in taking Thomas Cook’s shares in Egypt
German-based travel operator TUI Group is looking to acquire Thomas Cook’s share of the Egyptian tourism market, CEO Sebastian Ebel told Tourism Minister Rania Al Mashat on Wednesday, according to Egypt Independent. The company also wants to continue benefiting from Egypt’s charter flights incentive program, which provides discounts to airlines that make a certain number […]
Posted inTourism
Red Sea hotels want to hike prices by 9-15% this winter
Red Sea hotels and resorts want to raise accommodation prices by 9-15% in the coming winter season as demand rises, sources told the local press, attributing the proposal to rising energy prices over the past two years. Local companies are now trying to enter negotiations with foreign tour operators about hiking prices.
Posted inAutomotive + Transportation
Egypt to receive 10 locomotives from GE in November
Egypt will receive 10 new locomotives from General Electric in November as part of a USD 575 mn agreement signed in 2017 to supply 100 new locomotives and refurbish another 81, Transport Minister Kamel El Wazir said, according to a cabinet statement.
Posted inEgypt Politics + Economics
Egypt releases foreign detainees, maintains arrests were legal
Egypt has released two Jordanian citizens, one Sudanese citizen, and one Dutch citizen who were detained during recent protests following requests from their respective embassies, the Public Prosecution Office said in a statement carried by Ahram Online. The Egyptian National Council for Human Rights (NCHR) had raised concerns about the legality of the arrests. An […]