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Sunday, 28 February 2021

Also on our radar on 28 February 2021

Five consortia have eyes on a tender to establish the Tenth of Ramadan City dry port, Al Shorouk reports, citing sources from the General Authority for Land and Dry Ports. The consortiums include one led by Dubai’s DP World, one led by China International Marine Containers (CIMC) Group, and the Elsewedy Electric-DB Schenker consortium, among others. The authority is expected to formally issue the tender by mid-year, according to the sources.

Other things we’re keeping an eye on this morning:

  • TAQA Gas’ 1.2 mn customers will be able to pay their gas bills online through digital retail payment platform Khales, under a partnership agreement signed between both parties on Friday. Khales is a subsidiary of the state-owned e-payments firm E-Finance.
  • ITIDA will issue (pdf) up to three licenses for companies allowing them to provide e-signature and timestamp services, a step it says will help develop Egypt’s digital economy.
  • An unidentified banking syndicate has agreed to restructure EGP 5 bn-worth of Rooya Group’s debts as the company faces a slump in sales.

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