Egypt’s Ascom Geology & Mining has won the contract to complete dry sand excavation of a 1km-long and 400 metre wide section of the New Suez Canal, Qalaa Holdings announced today. Ascom is one of three companies owned by Qalaa…
Category: Egypt
Egypt’s fuel price hike good for credit rating: Fitch
Sharp retail fuel prices increases in Egypt at midnight last Friday will help bolster the country’s creditworthiness, UK credit rating agency Fitch Ratings said today in a statement. “…fuel price hikes are an important step toward reducing subsidies that contribute…
One man won, but it’s the 83m Egyptians that matter
President El-Sisi’s supporters are celebrating the general’s sweeping victory in Egypt’s flawed presidential poll. But it’s time to focus on the needs of the 83m people who live in Egypt, a country where unemployment is more than 12 per cent…
Work to start this year on Arabtec’s Egypt housing project: The National
Construction of the first phase of Arabtec of the UAE’s AED 146bn ($40bn) joint venture housing programme in Egypt is due to start at Al-Obour City north-east of Cairo in the third quarter of 2014, the Abu Dhabi daily The National reported…
AWCS told Egypt seeking to press on with PPP projects
The annual MEED Arabian World Construction Summit (AWCS) in Dubai was told today that Egypt is pressing on with plans for major public-private partnerships (PPPs) and there is evidence that donor and commercial financial support will be available for them.…