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Somabay to renovate Sheraton resort + Egypt to spend another USD 2.6 bn on US arms
Sheraton Soma Bay to get a new look: Somabay has secured an EGP 143 mn loan from Ahli United Bank…
Orascom Construction, Siemens and Arab Contractors consortium ink multi-bn USD high-speed rail contract
Siemens Mobility, Orascom Construction (OC) and Arab Contractors have signed a contract with the government for the second phase of…
COP27 in focus in the foreign press
COP27 dominates the conversation in the foreign press this morning: Egypt will remain impartial at this year’s summit to help…
Earnings: EFG Hermes, Contact Financial, Elsewedy Electric report strong 1Q 2022 results
EFG Hermes’ net income rose 18% y-o-y to EGP 345 mn in 1Q 2022, the bank said in its earning…
THIS MORNING: Madbouly luring US investors to infrastructure + the US is plotting how to normalize ties between Israel and Saudi
The torrent of news continues on this fine (warm) Thursday morning, and we’re loving every second of it. Speaking of…
How to improve Egypt’s PPP framework
How stakeholders in Egypt’s PPP framework see their roles and what they want to see from their counterparts: We continue…
MPs greenlight EUR 250 mn EBRD Alex metro loan
EBRD Alex metro loan gets House approval: MPs have approved a EUR 250 mn loan from the European Bank for…
Orascom Construction and Al Ahly Capital to build West Cairo industrial park
Orascom Construction + Al Ahly Capital partner on new industrial park: Orascom Construction (OC) subsidiary Suez Industrial Development Company (SIDC)…
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