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Egypt News and Analysis

Plane

Egypt still waiting for return of Russian flights Subscription

Egypt’s tourism minister admits he is not sure when Russian flights will return

Cairo, capital city of Egypt

Egypt tourism investment needs two years of stability Subscription

The industry needs two years of 50 per cent plus occupancy 

King Fahd Causeway

Riyadh’s gateway to AfricaSubscription

Kingdom seeks to establish itself as a trade hub connecting Europe, Africa and Asia

Cairo, capital city of Egypt

Egypt lowers foreign investment targetSubscription

The figure is a slight increase from $6.4bn in the financial year of 2014/2015

China's President Xi Jinping (right) shakes hands with Egypt's President Abdul Fattah al-Sisi

Chinese investors meet in CairoSubscription

The Chinese delegation showed interest in transportation and other sectors

Cairo

IMF has not received Egyptian loan request Subscription

The Washington-based fund will consider a loan if Egypt requests it

Orascom coal plant

Orascom aims to return to profitability after 2015 lossesSubscription

Middle East and North Africa remained positive with 15.4 per cent margin

Tourists in front of the Luxor temple in Egypt

UAE allocates $4bn to EgyptSubscription

Announcement of financial support came at the end of Abu Dhabi’s crown prince’s visit to Egypt

Fibre optic cable

Middle East to get faster internet with new submarine cableSubscription

SEA-ME-WE 5 to land in Saudi Arabia, the UAE, Oman, Egypt, Yemen and Djibouti

Electricity transmission

GE to connect 7GW of power in EgyptSubscription

French components make up 50 per cent of the total project scope

Al-Sisi: Hope to deliver economic changes

France and Egypt sign $1.2bn Cairo Metro contract Subscription

France a key investor in Egypt’s metro infrastructure

Egypt Cairo metro

Japan to secure final tranche for Cairo Metro loanSubscription

Phase 1 of Line 4 to be built by Japanese and Egyptian contractors

Cairo

First major street demonstration since new protest lawSubscription

Protests went ahead despite controversial protest law and a heavy police presence

Central Bank of Egypt

Egypt’s economy set for a slow 2016Subscription

A widening current account deficit is expected to add pressure on the country’s net international reserves

Gas refinery

Oil and gas projects spending rises for third consecutive quarterSubscription

Projects market is driven by gas infrastructure and refineries as contractors bag $15.3bn in first quarter

Ports___cranes_586x262.jpg

Egypt seeks firms for port projectSubscription

Authority plans to build new multi-purpose dock at Damietta

Sharm el-Sheikh airport

Egypt tourists dropped 40 per cent in first quarterSubscription

Russian jetliner crash underpin setback

Tank farm

Egypt agrees $23bn deal to buy Saudi oil productsSubscription

Report citing Egyptian oil group says Egypt will buy gas oil and benzene from Aramco

Power plant

Bank joins Egypt power financingSubscription

$9bn deal had already secured $6bn of loans

Construction

Cairo receives request for $3.8bn residential schemeSubscription

The project is estimated to cost £E30bn ($3.8bn) and will be financed by private investment

Ahmed Ismail, MAF Ventures

Majid al-Futtaim adapts growth plansSubscription

Interview: Ahmed Ismail, CEO, Majid Al Futtaim Ventures

The Tower at Dubai Creek Harbour

Must know: Dubai's tall plans, the IMF's grim forecasts and Saudi-Egypt dealsSubscription

The spotlight shone on Dubai this week as news of twin ‘biggest’ plans emerged

King Fahd Causeway

Saudi-Egypt deal puts causeways back in the spotlightVideoSubscription

Progress on ambitious crossings has been mixed

Oil rig

Board report: April 2016Subscription

Gulf states push ahead with economic reform programmes as oil prices stabilise, but regional liquidity tightens as a result of reduced bank deposits

Beirut

Tackling urbanisation outside the GCCSubscription

Population growth, underlying social considerations, budget constraints and refugees pose different problems for North Africa and the Levant

Queen Alia airport

IFC steps up counter-cyclical investmentSubscription

Conflict and oil prices drive demand for development bank support

Lower oil prices will spur reforms

Oil Talk: Egypt and Abu Dhabi prioritise gas expansionsVideoSubscription

MEED’s oil and gas editors discuss Egypt’s major gas discovery and look at why Abu Dhabi may switch spending focus from oil to gas

Olivier Musset, Societe Generale

Middle East is still a growth marketSubscription

Olivier Musset, global head of energy at French bank Societe Generale, tells MEED the lender is not worried about tightening liquidity

Russia's President Vladimir Putin with Egyptian counterpart Abdul Fattah al-Sisi

Egypt rethinks foreign policy strategySubscription

The region’s political compass has shifted over the past 12 months

Funding: Jabal Omar Development Company received a $1bn loan from NCB, a new entrant to the MEED 100

Mecca developer looks at radical transformationSubscription

JODC’s core business of developing projects close to Islam’s holiest site in Mecca, is no longer viable