On the horizon
The Ismail government will sign contracts for the USD 30 bn Dabaa nuclear power plant with Russia’s Rosatom by the end of May now that negotiations are nearing the end, sources close to the matter tell Al Borsa. Maybe then the tourists can come back?
The first 2 mn bbl shipment of Iraqi crude are due to arrive early next week, Egyptian General Petroleum Corporation head Abed Ezz El Regal says, according to Al Borsa.
Egypt and China are expected to sign an agreement for the USD 700 mn second phase of the national electricity grid at the 14-15 May Belt and Road Forum for International Cooperation in Beijing, according to China’s Ambassador to Cairo Song Aiguo, Al Mal reported yesterday. Officials are also expected to ink an agreement for an Egyptian-Chinese economic zone in Ain Sokhna. Trade Minister Tarek Kabil are set to attend the gathering.
Kabil will also be traveling to Bahrain next week with the ministers of tourism and housing, as well as a delegation of Egyptian businessmen, to talk economic cooperation with a number of Bahraini officials and attend an SME expo slated for 15-18 May.