{"id":567952,"date":"2020-12-13T03:57:35","date_gmt":"2020-12-13T03:57:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/also-on-our-radar-on-13-december-2020\/"},"modified":"2020-12-13T03:57:35","modified_gmt":"2020-12-13T03:57:35","slug":"also-on-our-radar-on-13-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/also-on-our-radar-on-13-december-2020\/","title":{"rendered":"Also on our radar on 13 December 2020"},"content":{"rendered":"<p><strong>The impact of covid on air travel is becoming clearer:<\/strong> EgyptAir Holding Company plans to <a href=\"https:\/\/bit.ly\/3qQK58P\">restructure its EGP 10 bn<\/a> in debt owed to foreign lenders, Chairman Roshdy Zakaria said. The company has also taken out a EGP 3 bn loan from the National Bank of Egypt as well as an EGP 2 bn loan from state coffers to contribute towards the debt repayments.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>French public transport operator Transdev<\/strong> plans to <a href=\"https:\/\/bit.ly\/3niwB3y\">bid for the contract<\/a> to manage the electric rail line lining Salam City, 10th of Ramadan and the new administrative capital, according to the company\u2019s Egypt representatives.<\/li>\n<li><strong>1.1 mn more Egyptians subscribed to ADSL services in FY2019-2020<\/strong>, bringing the total number as of June 2020 to 7.99 mn, according to a <a href=\"https:\/\/ent.news\/2020\/12\/page0002.pdf\">CIT ministry report<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The impact of covid on air travel is becoming clearer: EgyptAir Holding Company plans to restructure its EGP 10 bn in debt owed to foreign lenders, Chairman Roshdy Zakaria said. The company has also taken out a EGP 3 bn loan from the National Bank of Egypt as well as an EGP 2 bn loan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,880,72,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567952","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-egyptair","tag-enterpriseam","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"cbf2013d-1302-44d3-b23d-c85312ebcafc","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[567930],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Also on our radar on 13 December 2020 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/also-on-our-radar-on-13-december-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Also on our radar on 13 December 2020\" \/>\n<meta property=\"og:description\" content=\"The impact of covid on air travel is becoming clearer: EgyptAir Holding Company plans to restructure its EGP 10 bn in debt owed to foreign lenders, Chairman Roshdy Zakaria said. 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This came during a meeting between the heads of private-sector aviation companies\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/egyptair-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574406,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/","url_meta":{"origin":567952,"position":1},"title":"NBE, BdC arrange EGP 3 bn to EgyptAir","author":"enterpriseam admin","date":"8 September 2020","format":false,"excerpt":"The National Bank of Egypt (NBE) will provide EGP 1.8 bn of a 10-year, EGP 3 bn loan to EgyptAir being arranged by Banque du Caire, with BdC covering the remainder, Al Mal reports. The national flag carrier had been seeking the loan earlier this year as it came under\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561883,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/25\/also-on-our-radar-on-25-april-2021\/","url_meta":{"origin":567952,"position":2},"title":"Also on our Radar on 25 April 2021","author":"enterpriseam admin","date":"25 April 2021","format":false,"excerpt":"EFG Hermes Corp Solutions has received some EGP 500 mn-worth of loan requests from brokerages looking to finance margin trades for their clients after the Financial Regulatory Authority recently moved to allow non-bank lenders to bankroll equity purchases on margin through brokerages.Other things we\u2019re keeping an eye on this morning:\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561956,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/27\/also-on-our-radar-on-27-april-2021\/","url_meta":{"origin":567952,"position":3},"title":"Also on our Radar on 27 April 2021","author":"enterpriseam admin","date":"27 April 2021","format":false,"excerpt":"Elsewedy Electric subsidiary signs EGP 870 mn agreement for Delta regional control center: A consortium of Elsewedy Electric\u2019s unit, Elsewedy Electric for Trading and Distribution, and Japan\u2019s Hitachi ABB has won an EGP 870 mn turnkey EPC contract to build the Delta regional control center with the Egyptian Electricity Transmission\u2026","rel":"","context":"In 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