{"id":607195,"date":"2023-09-27T00:00:00","date_gmt":"2023-09-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/"},"modified":"2023-09-27T00:00:00","modified_gmt":"2023-09-27T00:00:00","slug":"this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/","title":{"rendered":"THIS EVENING: We\u2019re getting USD 400 mn from China Eximbank for the light rail transit system"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Happy THURSDAY-equivalent, ladies and gentlemen. <\/strong> We\u2019re in the last few hours of this abridged workweek as we head into a long weekend. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> And we\u2019re getting another long weekend next week, too: <\/strong> Next Thursday, 5 October will be a national holiday in observance of Armed Forces Day, which falls on Friday, Prime Minister Moustafa Madbouly said in <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0V3oX6FR2MjFzUb7GE678rUuwdKyjJDNEANkSYnb8r6FqR74yTXFmxwukRMR9n2HDl\" style=\"\" rel=\"noopener\">a statement<\/a> today. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> EnterprisePM will be back on Sunday: <\/strong> EnterpriseAM and EnterprisePM are off tomorrow and will be back in your inboxes at our customary times on Sunday, 1 October. Our regional publications (Enterprise Climate and Enterprise Logistics) will still publish tomorrow, as will Enterprise Weekend.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY TODAY <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> China Eximbank is reportedly set to extend us a USD 400 mn loan for the <\/strong><strong> light rail transit (LRT) system<\/strong>, <a target=\"_blank\" href=\"https:\/\/bit.ly\/3rqvhmD\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing sources it says have knowledge of the matter. The loan will be earmarked for the third phase of the LRT, which will include four stations across 20.4 km.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY ABROAD <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Evergrande CEO Hui Ka Yan is under residential surveillance, <\/strong> following the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69b916c8-b80d-495e-a219-d9eababd89ae\" style=\"\" rel=\"noopener\">wealth<\/a> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69b916c8-b80d-495e-a219-d9eababd89ae\" style=\"\" rel=\"noopener\">management staff\u2019<\/a> s detention last month. This kind of informal detention is without official charges but he will have restrictions on his movements and communication outside of China. This news comes after compounded skepticism over the company\u2019s restructuring plan as a result of its debt that can lead to failure and possible liquidation. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-27\/evergrande-s-billionaire-chairman-hui-is-under-police-surveillance?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/asia\/evergrande-shares-set-open-down-38-amid-uncertainty-over-debt-revamp-plan-2023-09-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ** CATCH UP QUICK <\/strong> on the top stories from today\u2019s <strong> EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong> One thing off the IMF\u2019s checklist? <\/strong>The IMF <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b61453cf-d237-48c5-9e6d-f0f9630ed8a1\" style=\"\" rel=\"noopener\">is starting to believe<\/a> the government is serious about its ambitions to sell down state assets, a change in sentiment that it says could ease the path towards the all-important review of our USD 3 bn loan program.<\/li>\n<li><strong> We could be getting 1 mn tons of Russian wheat: <\/strong>Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c40d31d-bfcb-40d4-a84c-dfd308710c8b\" style=\"\" rel=\"noopener\">is reportedly in talks with the Russian government<\/a> to purchase 1 mn tons of wheat for delivery this season.<\/li>\n<\/ul>\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 target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">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\"><strong> \u2600\ufe0f <\/strong><strong> TOMORROW\u2019S WEATHER- <\/strong>The mercury will rise again to a high of 38\u00b0C and drop to a cooler 27\u00b0C in the evening, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy THURSDAY-equivalent, ladies and gentlemen. We\u2019re in the last few hours of this abridged workweek as we head into a long weekend. And we\u2019re getting another long weekend next week, too: Next Thursday, 5 October will be a national holiday in observance of Armed Forces Day, which falls on Friday, Prime Minister Moustafa Madbouly said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":607196,"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":[11636,633,7111,207,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-607195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-china-eximbank","tag-enterprisepm","tag-infrastructure","tag-transport","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"c0f39ef6-3c74-4ce5-812a-3425386da8c2","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2021\/9\/38.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[607193],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.0cdf86c4-ac09-4d4c-88ee-f030688f1701.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: We\u2019re getting USD 400 mn from China Eximbank for the light rail transit system - 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\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: We\u2019re getting USD 400 mn from China Eximbank for the light rail transit system\" \/>\n<meta property=\"og:description\" content=\"Happy THURSDAY-equivalent, ladies and gentlemen. We\u2019re in the last few hours of this abridged workweek as we head into a long weekend. And we\u2019re getting another long weekend next week, too: Next Thursday, 5 October will be a national holiday in observance of Armed Forces Day, which falls on Friday, Prime Minister Moustafa Madbouly said [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-27T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/38.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: We\u2019re getting USD 400 mn from China Eximbank for the light rail transit system\",\"datePublished\":\"2023-09-27T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/\"},\"wordCount\":381,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/38.jpg?fit=%2C&ssl=1\",\"keywords\":[\"China EximBank\",\"EnterprisePM\",\"infrastructure\",\"transport\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/\",\"name\":\"THIS EVENING: We\u2019re getting USD 400 mn from China Eximbank for the light rail transit system - 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It\u2019s a relatively quiet Monday afternoon, and we\u2019re grateful for this mini-breather.THE BIG STORY TODAY The UAE\u2019s Dana Gas is planning to invest USD 100 mn in Egypt this year and next, CEO Patrick Allman-Ward said on the sidelines of the Egypt Petroleum Show, according\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/wp-content\/uploads\/2022\/07\/oil-rig-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585315,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/13\/this-evening-cib-shares-on-a-tear-some-of-the-self-employed-dont-have-to-get-on-the-e-invoicing-system\/","url_meta":{"origin":607195,"position":1},"title":"THIS EVENING: CIB shares on a tear + Some of the self-employed don\u2019t have to get on the e-invoicing system","author":"enterpriseam admin","date":"13 April 2023","format":false,"excerpt":"Good afternoon, wonderful people, and a very happy THURSDAY to us all. While any Thursday is a happy occasion, this one is particularly sweet as we slide into a four-day weekend in observance of Coptic Easter on Sunday and Sham El Nessim on Monday. That means EnterprisePM will be off\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/vintage-tax-records-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600044,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/17\/egypt-secures-usd-1-2-bn-china-eximbank-loan-for-nac-light-railway\/","url_meta":{"origin":607195,"position":2},"title":"Egypt secures USD 1.2 bn China EximBank loan for NAC light railway","author":"enterpriseam admin","date":"17 January 2019","format":false,"excerpt":"Egypt secures USD 1.2bn China EximBank loan for new capital light railway: China\u2019s Export-Import Bank (EximBank) has agreed to extend a USD 1.2bn loan to Egypt for the construction of a light railway running between Egypt\u2019s new administrative capital and 10th of Ramadan city, Transport Minister Hisham Arafat has said,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":585520,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/19\/tonight-egyptian-soldiers-caught-in-sudan-will-be-handed-over-soon-rsf-says\/","url_meta":{"origin":607195,"position":3},"title":"TONIGHT: Egyptian soldiers caught in Sudan will be handed over soon, RSF says","author":"enterpriseam admin","date":"19 April 2023","format":false,"excerpt":"Good afternoon, wonderful people. Pat yourselves on the back for making it through the last work day of Ramadan \u2014 and nearly to the finish line of the holy month. We hope you all have a restful, enjoyable long weekend with family and friends. 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