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All seven of the analysts we polled last week expect the central bank to leave rates on hold
Author Archives: enterpriseam admin
Posted inAdvertiser
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Posted inCabinet watch
Cabinet approves social support measures, renewables expansion
The minimum wage hike, bonus payouts, and pension hikes will come into effect from the beginning of October. New golden licenses also got the green light.
Posted inManufacturing
Egypt to build EUR 1 bn tire factory
The SCZone factory is set to churn out 7 mn tires each year
Posted inInfrastructure
IFC could lend USD 125 mn for Damietta Port cargo terminal
This is part of a broader USD 455 mn financing package involving the EBRD, the AIIB and other multilateral lenders
Posted inInvestment Watch
Pickalbatros to invest USD 140 mn in Morocco
The company will raise its hotel capacity in Morocco by 43%
Posted inEnergy
Kufpec to acquire 40% of Shell offshore block
Shell acquired the North East El Amriya block from ExxonMobil in 2022
Posted inTransport
Cairo-Alex freight rail bypass tender to launch in 1Q 2024
The railway bypass will allow freight trains to travel between Alexandria port and the Sixth of October dry port
Posted inMoves
Hisham Badr appointed assistant planning minister
Badr is one of Egypt’s most experienced diplomats