Also on our radar on 24 December 2020
The European Bank for Reconstruction and Development (EBRD) has extended a USD 12 mn loan to Al Dau al Haram for Hotels Operations to develop the Hyatt Regency hotel that will overlook the Giza Pyramids, it said in a statement (pdf) yesterday. The 249-room hotel will be fitted with energy-efficient tech and a tourism training program will be carried out for women and young people which will be funded by the Swiss State Secretariat for Economic Affairs.
Other things we’re keeping an eye on this morning:
- Egypt has imposed an import ban on ceramics and porcelain for three months to protect local producers through the latest wave of covid-19, the Trade Ministry said yesterday.
- Send in the lawyers: Four domestic firms are pitching their services as counsel for Egypt’s international bonds issuances next year, government sources said. They include Matouk Bassiouny & Hennawy, Baker McKenzie, Ragy Soliman & Partners (Adsero), and Sharkawy & Sarhan.
- Eni has made a new oil discovery in the Western Desert that will add 10k barrels of oil a day to its production from the Meleiha concession.
- Egypt aims to export 45 shipments of liquified natural gas through the Idku liquefaction plant in 2021 after having seen exports tank this year due to the collapse in gas prices.
- Elsewedy Electric subsidy Rowad Modern Engineering will work with Power China to implement the first phase of the CapitalMed Medical City project in Badr City