PHARMA-

QSE-listed Qatari German Medical Devices joined HoldiPharma and Dawah Pharma’s export-focused JV, according to a statement from the Public Enterprises Ministry. The Egyptian-US-Qatari strategic partnership inked between the three will see them work towards “establishing an integrated production and supply system inside and outside Egypt.”

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REMEMBER- An earlier agreement between the state-owned pharma manufacturer HoldiPharma and US-based Dawah Pharma saw the two form a joint venture aimed at producing and exporting meds and supplements to international markets, with a focus on North America and Europe.

REAL ESTATE-

Emaar Misr is in talks with Saudi Arabia’s Dallah Albaraka Holding to explore a potential partnership to develop a new mixed-use project, Emaar said in a disclosure (pdf) to the EGX. The project will be with the Saudi company’s subsidiary Samla and Alam Al Rum for Urban Development on a 380-feddan area in east Cairo and is expected to generate around USD 3.4 bn in revenues, Emaar founder Mohamed Alabbar told Asharq Business. Dallah Albaraka owns the land while Emaar Misr will handle development and management in exchange for 67% of the project’s revenues, two sources familiar with the matter told the outlet

MANUFACTURING-

Unionaire Group Technology signed a USD 10 mn contract with a US-based company to supply around 50k refrigerators to the US market in 2026, Al Mal reports, citing Vice President Youssef Osman. Unionaire also invested more than EGP 100 mn over the past year to upgrade its production lines and launch a new range of dual cooling refrigerators — the first of their kind produced domestically, according to a separate report from the outlet.

LOGISTICS-

Mostakbal Misr Agency for Sustainable Development is considering offering 5k feddans to investors for the development of logistics zones, Executive Director Mohamed Abdel Hady told Asharq Business. Infrastructure work on the areas is currently underway, with the zones expected to leverage the surrounding road network to transport goods to Egyptian ports.

CAPITAL MARKETS-

CI Capital Holding’s CI Asset Management has opened subscriptions for its new sharia-compliant gold investment fund, the company said in a statement (pdf). Dubbed Gold Misr, the fund invests in bullions and offers cumulative daily returns with a prizedraw system for investors. Subscriptions open today for up to two months, with CI Capital Brokerage acting as the initial receiving agent.

DEBT WATCH-

The Egyptian Bioethanol Company and a syndicate of seven banks signed a USD 135 mn long-term financing agreement for Egypt’s first bioethanol plant in Damietta, according to an Oil Ministry statement. The syndicate includes NBE, CIB, Banque du Caire, QNB, AAIB, Al Baraka Bank, and the Housing and Development Bank. The project will produce 100k tons of bioethanol annually from sugar beet molasses, generating around USD 100 mn in added value each year.

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