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Syrian reconstruction a “generational project”
A reconstruction boom to take place in post-war Syria? The reconstruction of Syria is going to be a “generational project”…
Speed Round
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Cabinet gives preliminary nod to Pharma Regulator Act, approved amended Customs Act
The Ismail Cabinet granted preliminary approval yesterday to the Pharma Regulator Act, according to an official statement. The legislation would…
Benban receives Thomson Reuters project finance award, companies break on projects ground after receiving licenses
The Benban solar power complex won Thomson Reuters’ Project Finance International Award for “Global Multilateral [transaction] of the Year” yesterday.…
Resumption of flights from Russia awaits aviation watchdog’s approval
On restoring flights with Russia, Egyptian officials say one thing, while the Russians say another: Carriers EgyptAir and Aeroflot have…
Elsewedy Electric-Siemens consortium awarded USD 300 mn EPC contract in Dubai
An Elsewedy Electric consortium with Siemens was awarded a USD 300 mn EPC contract by the Dubai Electricity and Water…
Beltone plans new acquisitions to diversify product offerings
M&A WATCH- Beltone Financial is planning new acquisitions to diversify the products it offers in frontier and emerging markets. “Beltone…
Fuel subsidies expenditure up 34% y-o-y
Fuel subsidy costs are up 34% y-o-y in 1H2017-18, Oil Minister Tarek El Molla told Reuters. The cost has gone…
Economic growth in Egypt to reach 5.5% in 2018-19 -Bloomberg Economics
Economic growth in Egypt is expected to accelerate to 5.5% in FY 2018-19, Bloomberg Economics’ Chief Middle East Economist Ziad…
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