Putin coming to sign Dabaa contract — will he announce resumption of flights, too?
Russian president Vladimir Putin will visit Egypt sometime this month to sign an agreement to construct the Daba’a nuclear power plant, Al Masry Al Youm reported. The agreement was delayed for a few months over disagreements on implementation details that were ultimately resolved. Sources said the project will cost USD 29.25 bn, 30% of which will be sourced domestically. We’ll be looking for any suggestion that Vladimir is willing to allow planes to fly directly to Egypt once more to restore tourism flows for a destination that is now half-price for Russian travelers.
Bank of America Merrill Lynch’s MENA 2016 Conference will run from Monday, 14 November till Wednesday, 16 November in Dubai.
The Egypt Trade & Export Finance Conference 2016 begins on Tuesday, 15 November.
The Central Bank of Egypt’s Monetary Policy Committee will convene on Thursday, 17 November to review interest rates, which we’re guessing will be left on hold after this past Thursday’s 300 bps hike.