Continuous upgrading
Among the highlights of the visit by the board of the European Investment Bank to Cairo were tours of projects the bank has helped to develop and expand through its provision of loans, reports Niveen Wahish

Cement for sale
Three European heavyweights are bidding for a minority stake in a local cement company. Sherine Abdel-Razek assesses the company's potential

Hope on the horizon
Fed by developments related to its actively traded companies, the market has reversed its lengthy downward trend

The view from within
How and when not if
By Hager El-Islambouly

Private sector power boost
FINANCING has been extended for two BOOT (build own operate and transfer) power stations worth a total of $700 million in the industrial areas West of the Gulf of Suez and East of Port Said --read on--

On a recent visit to Britain, Gamal Essam El-Din heard mixed evaluations of the Egyptian economy from a number of people in the financial sector including Mohamed Metwalli, director of investment banking for Merrill Lynch's London operations The view from London Since Egypt embarked on its ambitious economic reform programme, its ties with multinational financial institutions have been strengthened further Counting on the troika US-based Merill Lynch has been one of the leading international investment banks in Egypt, managing the sale of a number of major public sector companies and banks. Merrrill Lynch is also involved in issuing quarterly research reports on Egypt within the framework of its larger Emerging Markets Research. In an exclusive interview conducted in the company's branch on London's Ropemaker Street, Mohamed Metwally, director of Merrill Lynch's Investment Banking division, offers an evaluation of the current performance of the Egyptian economy and forecasts for the coming period.

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