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Infrastructure 
What we’re tracking this week and beyond
Elsewedy Electric and Arab Contractors will sign tomorrow final contracts for a USD 3 bn, 2.1 GW hydroelectric dam in…
Automotive
Careem to launch bus service across Egypt governorates in six months
Ride-hailing company Careem will expand its bus service, which it launched last week in Cairo, to other governorates in six…
Uber’s founding CTO Oscar Salazar invests in Halan and joins its board
Uber’s founding Chief Technology Officer (CTO) Oscar Salazar has joined the board of Egyptian tuk-tuk and motorcycle ride-hailing app Halan,…
Alaa El Saba to consolidate, list his businesses within three years
Alaa El Saba (not Alaa Saba the investment banker turned private equity investor) is looking to roll investments including car…
China’s CRRC to supply Egypt with 22 trains for new capital-10 Ramadan line
Egypt has contracted China’s CRCC to manufacture and supply 22 trains for Egypt’s 10 Ramadan-new capital railway line, according to…
No subsidies for electric car charging in Egypt, companies seeing potential
No subsidies for electric car charging stations? The Electricity Ministry will not subsidize electricity sold to recharge electric vehicles, Electricity…
EDEX continues to top the talking heads’ agendas
EDEX 2018 continued to top the talking heads’ agendas on last night’s talk shows. The latest developments in France were…
What we’re tracking on 04 December 2018
The central bank’s parallel FX repatriation mechanism ends today for new portfolio investments. “The decision applies on any fresh foreign…
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