What we’re tracking this week and beyond
The EGP 500 mn phase 4A of Cairo Metro Line 3 is due to open “soon,” Cairo Governor Khaled Abdel Aal said, according to Ahram Gate. The 4 km phase will link four stations in Cairo: Harun, Heliopolis, Alf Maskan and Shams Club.
100 leaders of the biggest Saudi companies are expected to attend a Cairo meeting of the Saudi Egyptian Business Council on 23 February, according to the domestic press.
Talk introducing uses for blockchain outside crypto: The UN Technology Innovation Lab Egypt, Egypt Technology Innovation & Entrepreneurship Center, UNDP, and IBM Egypt are hosting on 26 February a talk to introduce blockchain and its uses outside of cryptocurrencies. You can find more details and register for the event here.
A Russian delegation will visit Sharm El Sheikh and Hurghada airports sometime soon to run a final security sweep ahead of a decision on whether to allow the resumption of direct flights, AMAY reported.
The gov’t will begin rolling out its debt control strategy next month, Finance Minister Mohamed Maait told Al Mal. The four-year strategy aims to bring down Egypt’s public debt to 80-85% of GDP by the end of FY2021-22.
Egypt will be ready to supply Sudan’s power grid with up to 40 MW of electricity by end-March, Electricity Minister Mohamed Shaker said, according to a Cabinet statement.