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Infrastructure 
First phase of Egypt-Sudan electricity interconnection project to be operational by December
The first phase of Egypt’s 300 MW, USD 60-70 mn power interconnection project with Sudan should be operational by December…
Speed Round
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Nasr named Egypt’s ambassador to World Bank, Arab Fund
MOVES- Prime Minister Mostafa Madbouly has named Investment Minister Sahar Nasr as Egypt’s representative to the World Bank and the…
Madbouly reshuffles GAFI’s board of directors
MOVES- Madbouly reshuffles GAFI’s board of directors: Prime Minister Mostafa Madbouly appointed Gen. Khaled Mohamed Ibrahim and international law professor…
Earnings Watch: Edita reports 2Q2018 results
EARNINGS WATCH- Edita Food Industries recorded a net profit of EGP 25.1 mn in 2Q2018, up from a net loss of…
Egypt to repay USD 6.3 bn in foreign debt obligations in 2H2018
Egypt will repay USD 6.3 bn of its foreign debt obligations in 2H2018, out of a total USD 12 bn…
Gov’t to issue Public Contracts Act executive regulations in six months
LEGISLATION WATCH- The government will issue the executive regulations to the Public Contracts Act within six months’ time, Finance Minister…
FinMin looks into drafting a new Income Tax Act
EXCLUSIVE- FinMin looks into drafting a new Income Tax Act: The Finance Ministry has formed a committee to look into…
Trade Minister denies Automotive Directive is being scrapped
Is the automotive directive still alive? The Ministry of Trade and Industry issued yesterday a statement denying our report of…
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