Back to the complete issue
Thursday, 11 May 2017

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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.