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THIS MORNING: Luxor-Sharm flights to start this month + lots of wrangling ahead of global climate summit
Good morning, wonderful people. We have an unusually calm news day for you this morning (not that we’re complaining…) with…
Elsewedy Electric signs agreement to build monorail substations
EETC, Elsewedy Electric ink monorail substations contracts: Elsewedy Electric has signed an EGP 178 mn contract with the Egyptian Electricity…
Egypt’s balance of payments flips to surplus in 2020-2021, current account deficit rises
Egypt’s balance of payments flipped to a surplus of USD 1.9 bn in the state fiscal year ending 30 June…
THIS MORNING: CBE confirms it’s a four-day workweek + EgyptAir makes vaccination mandatory for all staff
Good morning, friends, and welcome to another workweek as we start the 75-day countdown until the end of the year.…
GASC calls off wheat tender due to high prices
State grain buyer GASC has called off a wheat tender as prices offered were higher than expected Reuters reported. The…
Flight bookings to Egypt on the rise
It’s a quiet morning for Egypt in the global press: Bookings to Egypt and Turkey from the UK have soared…
Orascom Construction adds nearly USD 1 bn to backlog in 3Q
Orascom Construction added USD 960 mn-worth of new contracts to its backlog in 3Q2021, growing 42% y-o-y annual increase, the…
THIS MORNING: Egypt’s travel industry shouldn’t get an exemption from the new national minimum wage
Good morning, wonderful people. We have a really packed issue for you this morning, so let’s jump right in: HAPPENING…
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