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Infrastructure 
Egypt to receive first tranche of USD 1.2 bn Exim loan for railway project this month
Is the electric railway getting the first tranche of China Exim Bank’s USD 1.2 bn loan this month? The Export-Import…
El Wazir talks potential investments in Egypt’s railways with Siemens, Thales
Transport Minister Kamel El Wazir met yesterday with representatives from Siemens and Thales Spain to discuss potential investments in Egypt’s…
Our tuk tuk woes have made it to the foreign press
Our tuk tuk woes have made it to the foreign press, with Xinhua reporting on the threatened livelihood of tuk…
Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020
STARTUP WATCH- Swvl is seeking to raise more than USD 100 mn in a financing round in 1Q2020, and targeting…
NBE issues EGP 1.75 bn letters of guarantees for monorail projects
The National Bank of Egypt (NBE) issued six letters of guarantee worth EUR 64.9 mn (EGP 1.75 bn) to a…
Cairo Airport is in the process of establishing Terminal 4
Could Cairo Int’l Airport be getting a Terminal 4? The Cairo Airport Company is carrying out studies to establish a…
FinMin to study gov’t tuk-tuk plan over the coming three weeks
The Finance Ministry is going to “study” the government’s plans to replace tuk-tuks with minivans, Minister Mohamed Maait said yesterday,…
Egypt signs MoU with China’s Geely to locally produce electric cars
The National Organization for Military Production on Friday signed an MoU with China’s Geely Company to manufacture electric cars in…
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