{"id":568307,"date":"2020-12-24T04:06:56","date_gmt":"2020-12-24T04:06:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/also-on-our-radar-on-24-december-2020\/"},"modified":"2020-12-24T04:06:56","modified_gmt":"2020-12-24T04:06:56","slug":"also-on-our-radar-on-24-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/also-on-our-radar-on-24-december-2020\/","title":{"rendered":"Also on our radar on 24 December 2020"},"content":{"rendered":"<p><strong>The European Bank for Reconstruction and Development (EBRD) has <\/strong><strong>extended<\/strong><strong> a <\/strong><strong><a href=\"https:\/\/www.ebrd.com\/work-with-us\/projects\/psd\/51567.html\">USD 12 mn loan<\/a><\/strong><strong> to Al Dau al Haram for Hotels Operation<\/strong>s to develop the <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/08\/hyatt-returns-to-cairo-with-hyatt-regency-cairo-west-hotel\/\">Hyatt Regency hotel<\/a> that will overlook the Giza Pyramids, it said in <a href=\"https:\/\/ent.news\/2020\/12\/EBRD-Hyatt-Regency-loan-EN.pdf\">a statement (pdf)<\/a> yesterday. The 249-room hotel will be fitted with energy-efficient tech and a tourism training program will be carried out for women and young people which will be funded by the Swiss State Secretariat for Economic Affairs.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>Egypt has <a href=\"https:\/\/alborsaanews.com\/2020\/12\/23\/1408298\">imposed<\/a> an <strong>import ban on ceramics and porcelain<\/strong> for three months to protect local producers through the latest wave of covid-19, the Trade Ministry <a href=\"https:\/\/bit.ly\/2JkUUPK\">said<\/a> yesterday.<\/li>\n<li><strong>Send in the lawyers: <\/strong>Four domestic firms are pitching their services as counsel for Egypt\u2019s international bonds issuances next year, <a href=\"https:\/\/alborsaanews.com\/2020\/12\/23\/1408204\">government sources said<\/a>. They include Matouk Bassiouny & Hennawy, Baker McKenzie, Ragy Soliman & Partners (Adsero), and Sharkawy & Sarhan.<\/li>\n<li><strong>Eni<\/strong> has made <a href=\"https:\/\/www.eni.com\/en-IT\/media\/press-release\/2020\/12\/cs-eni-egitto-arcadia.html\">a new oil discovery<\/a> in the Western Desert that will add 10k barrels of oil a day to its production from the Meleiha concession.<\/li>\n<li>Egypt <a href=\"https:\/\/bit.ly\/38xZLW2\">aims to export<\/a> 45 shipments of liquified natural gas through the <strong>Idku <\/strong><strong>liquefaction plant<\/strong> in 2021 after having seen exports tank this year due to the collapse in gas prices.<\/li>\n<li>Elsewedy Electric subsidy <strong>Rowad Modern Engineering<\/strong> <a href=\"https:\/\/alborsaanews.com\/2020\/12\/23\/1408339\">will work with<\/a> <a href=\"https:\/\/en.powerchina.cn\/\">Power<\/a><a href=\"https:\/\/en.powerchina.cn\/\"><\/a><a href=\"https:\/\/en.powerchina.cn\/\">China<\/a> to implement the first phase of the CapitalMed Medical City project in Badr City<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The European Bank for Reconstruction and Development (EBRD) has extended a USD 12 mn loan to Al Dau al Haram for Hotels Operations to develop the Hyatt Regency hotel that will overlook the Giza Pyramids, it said in a statement (pdf) yesterday. The 249-room hotel will be fitted with energy-efficient tech and a tourism training [&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":[111,3433,82,9026,571,152,93,72,382,955,883,91,4178,238,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568307","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-baker-mckenzie","tag-bonds","tag-ceramics","tag-ebrd","tag-elsewedy-electric","tag-energy","tag-enterpriseam","tag-ethiopia","tag-hospitality","tag-matouk-bassiouny-hennawy","tag-oil-and-gas","tag-sharkawy-sarhan","tag-tourism","tag-trade","wpautop","entry"],"acf":{"mongo_id":"58c6b970-7058-4b50-896a-858f817ad7a9","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[568282],"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 24 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\/24\/also-on-our-radar-on-24-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 24 December 2020\" \/>\n<meta property=\"og:description\" content=\"The European Bank for Reconstruction and Development (EBRD) has extended a USD 12 mn loan to Al Dau al Haram for Hotels Operations to develop the Hyatt Regency hotel that will overlook the Giza Pyramids, it said in a statement (pdf) yesterday. 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Al Borsa reports that the EBRD\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":544535,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/08\/ebrd-to-double-down-on-sczone-digitization-support\/","url_meta":{"origin":568307,"position":2},"title":"EBRD to double down on SCZone digitization support","author":"enterpriseam admin","date":"8 March 2022","format":false,"excerpt":"EBRD to offer more support for SCZone\u2019s digital transformation: The European Bank for Reconstruction and Development (EBRD) signed an agreement on Saturday to extend its assistance for the digitalization of the Suez Canal Economic Zone, the bank said in a statement yesterday. The lender has already completed the first phase\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":559070,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/06\/ceramics-manufacturers-secure-better-repayment-terms-for-natgas-debts\/","url_meta":{"origin":568307,"position":3},"title":"Ceramics manufacturers secure better repayment terms for natgas debts","author":"enterpriseam admin","date":"6 January 2021","format":false,"excerpt":"Ceramic manufacturers have secured easier repayment terms for natural gas debts after the Oil Ministry agreed to let them pay over 10 years at 7% interest, the local press reports. The Egyptian Federation of Investors Associations has been lobbying the ministry to offer companies better terms and originally wanted a\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":546239,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/sodic-to-open-new-civil-registry-office-fra-extends-working-hours\/","url_meta":{"origin":568307,"position":4},"title":"SODIC to open new civil registry office + FRA extends working hours","author":"enterpriseam admin","date":"9 May 2022","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: SODIC will open a new civil registry office in The Strip mall at SODIC West by the end of June. (Statement, pdf)Alfa Ceramics is adding a new production line at a cost of EGP 135 mn, company head Wageeh Besda was\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":618474,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/15\/south-africas-standard-bank-group-to-set-up-egypt-office-in-2024-plus-bp-projects-float-impact-ebrd-funds-smes-eastern-hikes-smoke-prices-arabia-hotels-builds-new-giza-pyramids-hotel\/","url_meta":{"origin":568307,"position":5},"title":"South Africa\u2019s Standard Bank Group to set up Egypt office in 2024. 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