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Sunday, 24 September 2017

What we’re tracking this week

Dabaa nuke plant contracts to be ready in one week, signed within two months: The Council of State (Maglis Al Dawla) will finalize its review of the four contracts for the USD 30 bn Dabaa nuclear power plant this week, an unnamed government official tells Al Borsa. The source says the date of the signing ceremony is contingent on Russian President Vladimir Putin’s schedule, but will likely take place within two months. The source also believes that the signing of the contracts will pave the way for Russian flights to resume by December of this year.

4G network services will roll out nationwide on Thursday after celebration presided over by Prime Minister Sherif Ismail, Youm7 reports.

The legal period for the management shakeup in the public banks comes to an endMonday, AMAY report. Look for an announcement to come out in the following days clarifying the changes to the boards. Ripples from the shakeup have reportedly included Banque du Caire delaying its IPO.

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