German Chancellor Angela Merkel is due in Cairo tomorrow, accompanied by a 10-company trade delegation, Ambassador Julius Georg Luy told Al Borsa. Luy described Egypt’s economic reform program as bold and positive and said the EGP float helped attract foreign currency inflows. In addition to meetings with senior government officials including President Abdel Fattah El Sisi, Merkel will attend the inauguration of the first phase of three Siemens-built power stations, according to Al Mal. On that front, Emad Ghaly, CEO Siemens Egypt tells the Energy Collective that Egypt’s electricity challenges have been solved for good. The plants, Siemens’ biggest order to date, are being completed ahead of schedule and will fulfill Egypt’s power needs until at least 2022, maybe even 2023. All that’s missing now is delivering the combined cycle modules and converting the power plants from open cycle to combined cycle operation.

You can go skiing in Egypt starting from tomorrow: Majid Al Futtaim’s Mall of Egypt is set to open tomorrow at 10:00 am in Six of October City. The mall is a USD 722 mn investment and includes Egypt’s first indoor ski slope. It’s the sister property to MAF’s flagship Mall of the Emirates in Dubai. You can read the full press release here (pdf).