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Infrastructure 
Low-cost carriers are shaking up the country’s aviation sector
Regional budget airline capacity is growing at annual rate of 11.5%
The European Parliament gives its final greenlight to EUR 4 bn loan. PLUS: iSchool, State Grid, CI Capital, EgyptAir
A total of 386 out of 567 MEPs voted in favor of approving the loan
Ahmed Ghoneim tapped as the Grand Egyptian Museum’s new CEO
GEM’s trial operations of its main galleries began last week
Walid Gamal El Din to head the SCZone for another year. PLUS: SCA’s Osama Rabie to retain his role
Gamal El Din has been head of the SCZone since 2022
Contact Financial is setting up an ins. consultancy firm. PLUS: News from Banque Misr, Visa, Misr Ins., Emaar Misr
The firm will have an initial capital of EGP 10 mn and will provide comprehensive ins. services
A new Sokhna terminal is underway. PLUS: News from UAE’s Hala, Elsewedy Electric, AMEA Power, EgyptAir
The new terminal should be fully operational in 18 months
ITIDA, Telecom Egypt, and Nokia to establish internet protocol center of excellence in Cairo. PLUS: Emirates NBD Egypt, Arab Contractors, Antipollution Egypt, Schindler, EgyptAir + Air Cairo + Nesma
The center will initially export digital services to over 60 countries in the MEA region
Government rejects proposal to hike the price of subsidized sugar. PLUS: HSBC + Juhayna, Nokia, Samih Sawiris’ FTI Touristik, EgyptAir, Podcast Productions
The state currently spends more than EGP 23 in subsidies on every kilo of subsidized sugar
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