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Wednesday, 22 July 2020

In brief on 22 July 2020

Stories worth noting in brief this morning:

The Electricity Ministry is temporarily shelving plans to potentially export electricity to Iraq and Syria citing challenges in the two markets, Al Mal reports, quoting unnamed ministry sources. Egypt had been planning to sell 500 MW of electricity to Iraq and Syria through a power linkage with Jordan.

Prime Minister Mostafa Madbouly has ordered a plan be drafted to develop Al-Raha valley in St. Catherine into a tourism hub, according to a cabinet statement.

The Supply Ministry is forming a committee to set prices for subsidized bread and flour prices from next month, Al Shorouk reports.

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