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Infrastructure 
House Transportation Committee approves amendments allowing private sector participation in national rail system
LEGISLATION WATCH- The House Transportation Committee approved on Thursday amendments that, if passed by the House as a whole, would…
Speed Round
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Something is afoot with Sudan
Egypt’s Foreign Ministry confirmed on Thursday that Khartoum has recalled its ambassador to Cairo for “consultations.” The statement did not…
Egypt presidential elections to be done by 3 May
This year’s presidential election cycle will wrap by 3 May, more than a week ahead of the start of Ramadan,…
Religious Endowment Authority to invest EGP 1 bn in stock market
INVESTMENT WATCH- The Religious Endowments Authority has earmarked EGP 1 bn to be invested in the EGX, Ahmed Abdelhafez, the…
Tax Authority’s seizure of GTH’s bank accounts relates to 2005 tax dispute -source
An administrative freeze on Global Telecom Holdings (GTH)’s bank accounts is related to a 2005 tax dispute, a source at…
Oxford Business Group sees Egypt’s economic growth accelerating further in 2018
The Oxford Business Group released their Egypt review for 2017, in which it notes that an “improved performance in Egypt’s…
Investors optimistic about Egypt’s 2018 prospects, but FDI may not surge until second half
Investors are “increasingly optimistic about prospects” for Egypt in 2018 “after years of political turmoil,” according to Reuters. With foreign…
PMI falls in December, but 4Q2017 average is highest in two years
Business conditions in Egypt’s non-oil private sector deteriorated in December, according to December’s PMI reading, which came in 48.3. That…
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