Petrojet to lead USD 100 mn coastal protection project at Dabaa plant
Egypt’s Petrojet awarded USD 100 mn coastal protection contract in Dabaa: Egyptian contractor Petrojet was awarded a USD 100 mn contract by Russian nuclear power equipment provider Atomstroyexport — a fully owned subsidiary of Russian state nuclear firm Rosatom — to implement coastal protection works at Egypt’s 4.8 GW Dabaa nuclear power plant, according to…
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Gov’t to invite bids for USD 3 bn worth of PPP infrastructure projects by the end of the year. PLUS: Beltone to launch two new venture funds
INFRASTRUCTURE- Some USD 3.2 bn worth of PPP infrastructure projects on offer by the end of year: The government plans to invite bids for over USD 3.2 bn worth of projects before the end of the year, Zawya quotes Director of the Finance Ministry’s public-private partnership (PPP) unit Atter Hannoura as saying at the PPP…
US Fed may reconsider larger rate cut as inflation persists
US Fed looks more likely to go for a smaller rate cut as inflation persists: US consumer prices rose 0.2% in August, matching July’s increase, while the annual CPI advanced 2.5%, the smallest rise since February 2021, according to Bureau of Labor Statistics figures (pdf). The index grew 0.3% without counting volatile items like food…
Germany’s president lands in Cairo in the first of kind visit in 25 years
President Abdel Fattah El Sisi welcomed German President Frank-Walter Steinmeier in Cairo yesterday, in the first visit by a German head of state to Egypt in nearly 25 years, according to an Ittihadeya statement. The two heads of state touched on several mutual interest files, including development, investment, and cooperation in many areas such as…