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Tuesday, 30 March 2021

Also on our Radar on 30 March 2021

Arrests made as Sohag train crash death toll revised downwards: Eight people have been arrested over the collision of two trains in Sohag on Friday that claimed the lives of 18 people and injured hundreds, the Prosecutor General’s office said in a video statement (watch, runtime: 5:45). These include the drivers of the two trains and their two assistants, the head of traffic control in Assiut, and three other guards. The prosecutor also revised the death toll down to 18 from 19, and raised the number of people found injured to 200. Initial reports suggested that 32 people had lost their lives in the collision, but the Health Ministry revised the figure to 19.

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

  • Misr Ins. Holding Company is planning to set up a new medical ins. arm with capital of some EGP 160 mn, and will apply for a license from the Financial Regulatory Authority in the coming days.
  • The Egyptian Chemical Industries (Kima) has agreed to assign the operation and maintenance of its ammonia-urea plant Kima-2 to Italy-based Maire Tecnimont.

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