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Infrastructure 
Another electric train project + Swvl says anticipated turn to black will save it from Nasdaq delisting
PPP electric train to connect ports: The National Authority for Tunnels, El Didi Group and Gama Construction signed an MoU…
Cabinet’s to-do list is long after the wrap of the Egypt Economic Conference
The Egypt Economic Conference wrapped yesterday with closing speeches from President Abdel Fattah El Sisi (watch, runtime: 1:59:16) and Prime…
Contact Financial eyes push into African markets, GCC
Contact Financial Holding wants to expand in Africa, GCC: Contact is looking to step into new markets next year including…
Real estate player Seqoon secures USD 500k in pre-seed round + B2B services marketplace Unlock lands first round of funding
Two local startups — one in real estate, the other in B2B services — announced six-figure funding rounds yesterday. Real…
THIS EVENING: Madbouly promises an end to L/Cs + Xi locks down his third term
Good afternoon, ladies and gentlemen, and welcome to a new week. Today’s news cycle is dominated pretty much entirely by…
High-interest CDs are all the rage + rare earths in Egypt get global attention
Banks are issuing high-interest CDs to help them cushion the impact of the CBE’s new reserve requirements. A number of…
Gouna’s Uri-Schule opens first building + HSBC’s advisory arm gets tub tubs
Swiss education lands in Gouna: Naguib and Samih Sawiris last week inaugurated the first building of the Uri-Schule El Gouna…
External debt dips from all time high in 4Q FY 2021-22
Egypt’s external debt dropped 1.3% q-o-q to USD 155.7 bn during the fourth quarter of last fiscal year (from April-June…
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