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Tuesday, 22 February 2022

NREA looks for international support to upgrade experimental nuclear reactor

Kazakhstan or Belgium could help upgrade Inshas nuclear reactor: The New and Renewable Energy Authority (NREA) is reportedly looking into upgrading the experimental nuclear reactor in Inshas in Sharqiya and is considering sending experts to Kazakhstan and Belgium for research purposes, Al Mal reported, quoting unidentified sources it claims have knowledge of the matter. The NREA reportedly rejected a bid from a Russian company to upgrade the reactor or inaugurate another one because the USD 450 mn price tag was said to be too high.

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

  • Mastercard Market Trends expands to MEA: The business intelligence platform offers services including market assessment reports that cover a handful of MEA countries, including Egypt.
  • El Garhy Steel and Ezz Steel were reportedly among the bidders for the Industrial Development Authority’s new steel licenses.
  • Cabinet has approved a new pellet manufacturing license for state-owned Delta Steel to manufacture 500k tons of pellet annually instead of 70k tons, ending a dispute with the Industrial Development Authority after it refused to renew the company’s license.
  • Gold and jewelry maker L’Azurde says it will invest over EGP 100 mn in Egypt in 2022.
  • The General Authority for Land and Dry Ports is looking into setting up logistics zones in Sudan and Djibouti. Egyptian and Djiboutian officials also met yesterday to discuss the Djibouti logistics zone, which has been in the works for years.

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