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We’re getting EUR 777 mn from France for Metro Line 1
France is lending us EUR 777 mn for the Metro Line 1 revamp: We yesterday signed a loan agreement with…
Renewable energy projects get weighed down by Russia-Ukraine war + Europe scrambled to secure LNG ships
Soaring global inflation on the back of the Russia-Ukraine war is weighing down on renewable energy projects. More expensive raw…
A mixed bag on the airwaves: IMF assistance, high speed rail, and more complaints about L/Cs
There was more speculation over what an IMF program might look like on the airwaves last night: MP Fakhri El…
Africa energy transition plan to launch at COP 27
Egypt is working on an energy transition plan for Africa alongside the African Union which will be launched during the…
THIS MORNING: Egyptian boards are becoming more diverse + CBE launches new national payment app
Well, friends, we’ve made it through another week together — and what a week it was, between a snap interest…
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…
Charter flight incentives extended until October + contractors on state project get two-month buffer on late projects
Charter flights landing in Egypt will continue to receive cash subsidies from the government until the end of October after…
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