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Infrastructure 
Contractors’ margins are under threat by rising raw material costs
How rising raw + building material prices and higher borrowing costs are expected to impact Egyptian infrastructure players, according to…
Orascom Construction net income up 29% in 2021
Orascom Construction (OC) reported USD 113.4 mn in net income attributable to shareholders in 2021, up 29% y-o-y, according to…
The impact of war: How building material prices in Egypt are being affected by the commodity price shock
The commodity price shock is pushing up prices of building materials in Egypt, with local steel and cement prices soaring…
THIS MORNING: IMF loan? “Not yet.”; Suez Canal ends toll discounts for LNG ships; It’s Fed day.
Good morning, friends, and happy hump day. We have a particularly packed issue this morning, so let’s jump right in:…
Gov’t to pay EUR 150 mn to Alstom consortium for monorail work
The Transport Ministry will soon pay out EUR 150 mn to the Alstom-led consortium implementing the Sixth of October-new capital…
SODIC’s net income up 89% y-o-y for 4Q2021
Real estate giant SODIC’s net income nearly doubled during 4Q 2021, rising 89% y-o-y to EGP 518 mn, according to…
Logistics startup Naqla raises USD 10.5 mn in pre-series A funding
Trucking startup Naqla has raised USD 10.5 mn in a pre-series A round led by El Sewedy Capital Holding, Hassan…
Egypt’s banks processed 1 bn electronic transactions in 2021
Egypt’s banks processed 1 bn electronic transactions in 2021 worth a total of EGP 2.8 tn, said the Central Bank…
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