The plan involves moving state-owned companies in batches to the SFE, with an eye toward maximizing the return on state assets
Author Archives: enterpriseam admin
Posted inEconomy
Kouchouk announces EGP 85 bn package of wage and pension hikes
The public-sector minimum wage will rise by EGP 1k to EGP 7k
Posted inAutomotive
Ford discontinues new vehicle sales in the local market
Ford and its local distributor Jameel Motors will continue to provide after-sales support to existing customers
Posted inAutomotive
Ezz Elsewedy to pump USD 100 mn into auto manufacturing
Ezz Elsewedy wants to set up two additional factories in the 6th of October Industrial Zone
Posted inBanking
Mashreq Bank to launch its corporate banking platform Mashreq Neo Corp in Egypt
The lender launched Mashreq Neo Corp in Qatar, Kuwait, and Bahrain last year
Posted inManufacturing
Local building materials manufacturer to set up USD 12 mn plant in Tech Valley
The company plans to allocate 80% of its output for export
Posted inCabinet watch
Two golden licenses awarded and more from the cabinet’s weekly meeting
PLUS- The cabinet approved a draft presidential decree to form the Supreme Council for Planning and Sustainable Development
Posted inEARNINGS WATCH
E-finance’s adjusted net income rises 36% y-o-y in 2024
PLUS- Contact Financial Holding saw its normalized net income in 2024 grow 6% y-o-y