{"id":584811,"date":"2023-04-05T00:00:00","date_gmt":"2023-04-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/"},"modified":"2023-04-05T00:00:00","modified_gmt":"2023-04-05T00:00:00","slug":"this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/","title":{"rendered":"THIS EVENING: Russian + US companies eye developing small nuclear reactors for energy production in Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good afternoon, friends, and happy almost-THURSDAY.<\/span><span style=\"\"> The weekend is within arm\u2019s reach<\/span><span style=\"font-weight:400;\"> and we\u2019re just about halfway through Ramadan, and both of these things make us very pleased, indeed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY TODAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Two unnamed Russian and US companies are looking to develop small<\/span><span style=\"font-weight:700\"> nuclear reactors to produce as much as 300 MW of energy in Egypt<\/span><span>, with the companies planning to submit offers to Egyptian authorities soon, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.asharqbusiness.com\/article\/48940\/%D8%AA%D9%86%D8%A7%D9%81%D8%B3-%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A-%D8%B1%D9%88%D8%B3%D9%8A-%D8%B9%D9%84%D9%89-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D9%81%D8%A7%D8%B9%D9%84%D8%A7%D8%AA-%D9%86%D9%88%D9%88%D9%8A%D8%A9-%D8%B5%D8%BA%D9%8A%D8%B1%D8%A9-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1\/\" style=\"\">Asharq Business<\/a><\/span><span> reports, citing sources it says have knowledge of the matter. The companies had already negotiated the project \u2014 which will be financed through facilitated bank loans \u2014 with the Nuclear Power Plants Authority, the sources say.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORIES ABROAD<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Picking up where we left off this morning, the international business press is still<\/span><span style=\"font-weight:700\"> squarely focused on the indictment of former US President Donald Trump<\/span><span>, who pleaded not guilty to 34 felony counts when he appeared in a Manhattan court yesterday. The story continues to be on the front pages everywhere, including <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/04\/04\/trump-arraignment-new-york-indictment-live-updates-and-news.html\" style=\"\">CNBC<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-05\/trump-seeks-to-reboot-2024-campaign-off-grievance-over-indictment?srnd=premium-middle-east\" style=\"\">Bloomberg<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/us\/hours-after-arraignment-trump-claims-election-interference-2023-04-05\/\" style=\"\">Reuters<\/a><\/span><span>, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/fbec82e3-1af5-4d95-b266-d7d33665d480\" style=\"\">Financial Times<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/trump-charged-what-to-know-b633d9ac29fc0ab8144f7e8a9bf65895\" style=\"\">the Associated Press<\/a><\/span><span>, <\/span><span>and the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/donald-trump-indictment-new-york-7e64e016\" style=\"\">Wall Street Journal<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Also still getting attention:<\/span><span style=\"\"> UBS\u2019 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d3f1f550-8864-4a04-8d6a-672897acd76e\" style=\"\">acquisition of rival bank Credit Suisse<\/a><\/span><span style=\"\"> would expedite its<\/span><span> current growth strategy to expand in the US and Asia but carries \u201csignificant execution risks,\u201d UBS Chairman Colm Kelleher told the bank\u2019s shareholders at its annual general assembly today, without specifying the risks, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/74313a98-6a71-4410-b6b9-69622d25b314\" style=\"\">Financial Times<\/a><\/span><span style=\"font-weight:400;\"> reports. The new post-acquisition entity will be the fourth-largest lender in the world, managing assets worth more than USD 5 tn for its clients.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">** CATCH UP QUICK<\/span><span style=\"\"> on the top stories from today\u2019s <\/span><span style=\"font-weight:700\">EnterpriseAM<\/span><span style=\"font-weight:400;\">:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Private-sector activity in contraction again in March:<\/span><span> The contraction in Egypt\u2019s non-oil private sector <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f14d2cc3-6390-4bfc-9583-3e721ea448d4\" style=\"\">deepened in March<\/a><\/span><span style=\"font-weight:400;\"> as the depreciation of the EGP, high inflation, and import restrictions continued to weigh on demand.<\/span><\/li>\n<li><span style=\"font-weight:700\">Egypt faces a \u201cstark choice\u201d: Accelerate economic reforms or face further \u201cpainful adjustment\u201d<\/span><span> in the form of more currency depreciation and a further drop in imports that could fuel inflation and stymie growth, Goldman Sachs\u2019 Farouk Soussa and Sara Grut <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/91b6b821-44d3-4684-9585-0a9bff85c745\" style=\"\">wrote in a report<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/li>\n<li><span style=\"font-weight:700\">Offers roll in for the new hotels company:<\/span><span> Investors have <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7962255e-0a9a-480e-b74d-ed26638d156d\" style=\"\">started submitting offers<\/a><\/span><span style=\"font-weight:400;\"> for the state\u2019s newly-established hotels company, our friend Sovereign Fund of Egypt (SFE) CEO Ayman Soliman said yesterday. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">? CIRCLE YOUR CALENDAR-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">PSA #1- Start planning the next run of holidays<\/span><span style=\"font-weight:700\">:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Coptic Easter falls on Sunday, 16 April;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Sham El Nessim is on Monday, 17 April;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Eid El Fitr should land on or around Friday, 21 April (it\u2019s still not clear what days will be official holidays);<\/span><\/li>\n<li><span>Tuesday, 25 April, is Sinai Liberation Day, for which we\u2019ll likely have a day off on Thursday, 27 April. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">PSA #2- Need funding for a green project? You can now apply to the second round of<\/span><span style=\"font-weight:700\"> the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.sgg.eg\/\" style=\"\">Smart Green Projects Initiative<\/a><\/span><span style=\"font-weight:700\"> until the end of May<\/span><span>, according to a Planning Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/MPEDEGYPT\/posts\/pfbid0375YBtTRtbVg6GATmMeemsRG7zf8o8xkL5fvcKmiMASVxzpqHtrnrJ3xfRuzHKxzml\" style=\"\">statement<\/a><\/span><span>. Eligible projects must use technology solutions to address environmental issues, present evidence of feasibility or innovation, and provide a written acknowledgement that no awards have been received during the initiative\u2019s first round, among other requirements. You can view the full list of criteria <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sgg.eg\/?fbclid=IwAR1GjyqVHMFF4wPCgoMXQAaYMnNHXsTXj6sA_Prw-7XUrSRT_1LVBMfDi4Q#Conditions\" style=\"\">here<\/a><\/span><span> and apply <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sgg.eg\/Home\/SignUp_EgyGreenInnovation\" style=\"\">here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">\u2600\ufe0f <\/span><span style=\"font-weight:700\">TOMORROW\u2019S WEATHER-<\/span><span style=\"\"> Expect the mercury to rise just a couple of degrees tomorrow<\/span><span> to hit 28<\/span><span style=\"font-weight:400;\">\u00b0C during the day, before cooling to 15\u00b0C in the evening, our favorite weather app says. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and happy almost-THURSDAY. The weekend is within arm\u2019s reach and we\u2019re just about halfway through Ramadan, and both of these things make us very pleased, indeed. THE BIG STORY TODAY Two unnamed Russian and US companies are looking to develop small nuclear reactors to produce as much as 300 MW of energy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":584812,"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":[7213],"tags":[9115,984,93,633,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-584811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-credit-suisse","tag-donald-trump","tag-energy","tag-enterprisepm","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"fad87544-6d01-4d23-a057-941d8d39b614","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/4\/249.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[584809],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.458b9853-ab2a-4bc5-932d-f316e248b4e2.mp3"},"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>THIS EVENING: Russian + US companies eye developing small nuclear reactors for energy production in Egypt - 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\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Russian + US companies eye developing small nuclear reactors for energy production in Egypt\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and happy almost-THURSDAY. The weekend is within arm\u2019s reach and we\u2019re just about halfway through Ramadan, and both of these things make us very pleased, indeed. 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EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/","og_locale":"en_US","og_type":"article","og_title":"THIS EVENING: Russian + US companies eye developing small nuclear reactors for energy production in Egypt","og_description":"Good afternoon, friends, and happy almost-THURSDAY. The weekend is within arm\u2019s reach and we\u2019re just about halfway through Ramadan, and both of these things make us very pleased, indeed. THE BIG STORY TODAY Two unnamed Russian and US companies are looking to develop small nuclear reactors to produce as much as 300 MW of energy [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-04-05T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/249.jpeg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS EVENING: Russian + US companies eye developing small nuclear reactors for energy production in Egypt","datePublished":"2023-04-05T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/"},"wordCount":585,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/249.jpeg?fit=%2C&ssl=1","keywords":["Credit Suisse","Donald Trump","energy","EnterprisePM","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/","name":"THIS EVENING: Russian + US companies eye developing small nuclear reactors for energy production in Egypt - 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Amazon and Google have stepped in and transformed SMRs from a niche concept to a\u2026","rel":"","context":"In &quot;FOR YOUR COMMUTE&quot;","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2308.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646496,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/china-in-talks-with-egypt-to-provide-small-scale-nuclear-reactors\/","url_meta":{"origin":584811,"position":2},"title":"China in talks with Egypt to provide small-scale nuclear reactors","author":"enterpriseam admin","date":"15 June 2017","format":false,"excerpt":"Will Rosatom have competition in Egypt? 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