• Thursday, 28 April 2022

    Egypt’s budget deficit narrowed in 9M2021-2022 + nothing will be left to rot in port over an L/C

    Egypt’s budget deficit narrowed to 4.9% of GDP in the first nine months of FY 2021-2022, from 5.4% in the same period last year, according to figures released yesterday by Ittihadiya. The government is forecasting the deficit to fall to...
  • Monday, 6 September 2021

    Target trims stake in Real Estate Egyptian Consortium

    Target Real Estate Investment has reduced its stake in EGX-listed Real Estate Egyptian Consortium from 13.2% to 11.5%, selling nearly 6.8 mn shares in the company for around EGP 51.9 mn at an average price of EGP 7.60 per share,...
  • Thursday, 15 April 2021

    Egypt in the News on 15 April 2021

    Leading coverage in the foreign press this morning: At least 20 people have died and three injured in a road accident in Assiut Governorate yesterday. A bus travelling from Cairo overturned and collided with a truck, causing both vehicles to...
  • Wednesday, 28 October 2020

    Your top infrastructure stories

    Your top infrastructure stories for the week include: Data centers: Liquid Telecom is planning a new wave of investment in Egypt’s internet infrastructure.Solar energy: B-Electric-led consortium signed an initial agreement with the New and Renewable Energy Authority to establish a...
  • Sunday, 8 December 2019

    Road accidents up, railway accidents down in 1H 2019 -Capmas

    The good news: Our railways are becoming safer. The bad news: Our roads are becoming less so. Road accidents increased in Egypt 17.9% in 1H2019 compared to 1H2018, according to Capmas findings (pdf). Road accidents reportedly 5,220 in the first...
  • Sunday, 3 March 2019

    The rise of the Phubbers: how China is trying to prevent smartphone-related fatalities

    The rise of the Phubbers: How China is trying to prevent smartphone-related fatalities: Chinese cities are imposing fines on people using smartphones while crossing the road in an attempt to prevent road accidents, according to the FT. The city of...
  • Wednesday, 28 November 2018

    Correction

    CORRECTION- We fudged the numbers from CAPMAS’ report on road accidents in Egypt in yesterday’s issue. The total number of accidents in 1H2018 dropped to 4,426 from 5,826 during the same period last year, not the other way around. H/t...

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