Author Archives: enterpriseam admin
Inflation picks up in March, snapping months-long downward trend
Annual headline urban inflation fell 0.8 percentage points from the month before
S&P trims our credit outlook to stable, Fitch reaffirms stable outlook
S&P also affirmed its B-/B rating for Egypt’s long- and short-term foreign and local currency sovereign credit, inline with Fitch Ratings reaffirmed B stable outlook
Private sector leads wheat imports in 1Q 2025 as state purchases plummet
Private firms made up 72% of total wheat imports during the quarter
Minya, Fayoum are getting new textile industrial zones that could bring in USD 3 bn in investment
The textile zone in Minya will cost EGP 12 bn, while the one in Fayoum will cost EGP 15 bn
Ghada Waly, Ismail Mansour join Palm Hills’ board
The company also greenlit a EGP 1.3 bn loan to finance the expansion of Casa Cook hotel in Hacienda White
Fuel price hikes led the conversation across the channels
Fuel price hikes dominated the airwaves last night, following the government’s latest move to raise prices at the pump. Oil Ministry spokesperson Moataz Atef told Lamees El Hadidi on Kelma Akhira (watch, runtime: 10:09) that the decision factored in global oil prices, import ratios, production costs, and the exchange rate. The hike will be felt […]
US’ Progress Rail inks USD 235 mn worth of modernization, spare part, technical support agreements. PLUS: CMA CGM, Emarat Misr
The agreement includes the refurbishment of 100 diesel-electric locomotives