• Tuesday, 6 July 2021

    Time for Made in Egypt Astra vax?

    We’ve seen Made in Egypt Sinovac. Now we might be about to see Egypt-made Oxford / AstraZeneca shots. This is according to Vacsera head Heba Wali, who told Ala Mas’ouleety last night that the Health Ministry is currently in negotiations...
  • Monday, 5 July 2021

    Auto industry reboot

    Passenger car sales almost doubled in May, increasing 88% y-o-y from the same month last year, according to figures from the Automotive Information Council (AMIC). Nearly 15.2k vehicles were sold during the month, up from only 8k in May 2020....
  • Sunday, 4 July 2021

    More tourists are trickling in this year

    Egypt’s tourism revenues reached USD 3.5-4 bn in 1H2021, Deputy Tourism Minister Ghada Shalaby told Reuters. This is up from USD 2.6 bn in 1H2020, according to Egypt’s FY2019-2020 balance of payments (pdf). Meanwhile, some 3.5 mn tourists visited the...
  • Sunday, 4 July 2021

    TONIGHT: New nationwide building code enacted. + Suez Canal Authority reaches agreement on Ever Given. ALSO: Wall Street wants Gen Z in the office.

    It’s a busy Sunday back from the three-day weekend, ladies and gentlemen, with a number of regulatory, macro, and business news guiding the conversation in the local press today.THE BIG STORY TODAY- Ezdehar, Sanad Fund look to exit GlobalCorp: Private...
  • Sunday, 4 July 2021

    First Made-in-Egypt Sinovac shots roll off the production lines + Africa’s epidemic is getting worse

    The first batch of Made-in-Egypt Sinovac-Vacsera vaccine has been produced: Egypt’s Vacsera manufactured the first 650k doses of the Chinese Sinovac vaccine last week, Zayed told El Hekaya’s Amr Adib in a phone interview on Friday (watch, runtime 29:50).This is...
  • Wednesday, 30 June 2021

    Daily covid tally plunges to new November lows

    Fully-vaccinated travellers are now required to present their vaccination certificates upon arrival to Egypt, provided they have electronic certificates that are verified using a QR code, the Health Ministry said in a statement yesterday. This comes a week after we...
  • Wednesday, 30 June 2021

    It’s another slow day in the foreign press

    It’s a slow morning in the international press: Amnesty International is calling on the Egyptian government to prioritize people who are most at-risk in its vaccination campaign, while the National has a photo gallery of Menoufia grape farms that export...
  • Wednesday, 30 June 2021

    KfW development finance grant approved

    A EUR 57.7 mn development financing agreement sealed with German development bank KfW in May was approved by the cabinet during its weekly meeting yesterday. The grant will help fund six projects in energy efficiency, renewable energy, technical education and...
  • Tuesday, 29 June 2021

    TONIGHT: Our condolences to the Sawiris family. + G20 ministers meet in Italy. ALSO: Israeli Foreign Minister Yair Lapid’s first visit is to UAE.

    We have one more sleep cycle to go before the three-day weekend, ladies and gentlemen. We hope you’re looking forward to it as much as us. The business community bids farewell to Onsi Sawiris Sr: Before we dive into today’s...

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