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More railway funding from IBRD + moving towards modern irrigation
Fresh funding for our railways from IBRD: The Madbouly Cabinet signed off yesterday on a USD 362.9 mn facility from…
Customs Act regs are up for discussion again
The business community has one week to give feedback on the latest version of the Customs Act’s executive regulations (pdf),…
Third tranche of JPMorgan railway loan coming soon + NBE seeks USD 1 bn syndicated loan for debt refinance
Egypt could get the third USD 335 mn tranche of a JPMorgan loan to finance the construction of two monorail…
TONIGHT: Vaccine deliveries are now a thing; Blinken is in the Middle East; Amazon is buying MGM; Cabinet has withdrawn a number of legislation for review; Eat Gaya tonight;
It’s been a very Ramadan-esque news day today, with diplomacy still guiding the conversation in the local and foreign press.…
Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr
China’s Dongfeng has upped its planned investments in a plan to locally assemble EVs with El Nasr Automotive to USD…
Infection numbers expected to peter out next week
Are we past the covid third wave danger zone? Covid-19 cases are likely to start declining as of next week,…
TONIGHT: Gaza crisis resolution; Blinken ME tour to land in Cairo; RyanAir hijacking causes consternation; SPAC party hits EU; BTC meltdown continues
After a slow morning, we’re getting a flood of stories running the gamut of investment, to Egypt macro trends to…
Egyptian Iron + Steel mining spinoff inches closer to listing
The listing of Egyptian Iron and Steel’s mining spinoff edged closer last week after the Financial Regulatory Authority (FRA) gave…
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