The head of the Sinai Reconstruction Authority, Mohsen Saeed, announced that a Peace Square project will be part of the state's ‘Great Transfiguration’ project to develop the St. Catherine area into a spiritual tourism destination.
Banque Misr and the National Bank of Egypt (NBE) have arranged two 10-year terms syndicated loans worth a combined EGP 3 billion for two state-run aviation companies