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Tuesday, 5 June 2018

On the horizon

Who will manage the Grand Egyptian Museum? Egypt will announce on Sunday the details of the prequalification stage of the tender for the management of the Grand Egyptian Museum (GEM), according to the Investment Ministry (pdf). Antiquities Minister Khaled Anany said a couple of months back that the ministry expects to drum up significant interest. The USD 1 bn museum is set to be completed in December this year, but will hold a soft opening to visitors in the next few months.

Saudi Arabia could be upgraded to MSCI emerging markets status this month.

The central bank’s monetary policy committee will meet on 28 June to review interest rates. With the meeting happening just days before the start of a new state fiscal year (and the subsidy cuts it will surely bring), conventional wisdom so far sees the committee leaving interest rates on hold.

Do you have an idea for a tech-enabled business that could make agriculture in Egypt more efficient? The World Bank may have seed funding, access to mentorship, and an accelerator / incubator program for you through its “DigitalAG4Egypt” program. The deadline for submissions is 1 July. Tap or click here for more information.

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