Inflows from Egyptians abroad inched up as they started sending more of their remittances through official channels following the EGP float
Author Archives: enterpriseam admin
Electrolux won’t be exiting Egypt after all
GOOD NEWS- Leading home appliance maker Electrolux has decided to stay in the Egyptian market, scrapping plans to sell its local operations after a final review, opting instead to ramp up growth and exports, it said in a statement (pdf). The Swedish giant had been exploring a potential exit since July 2023 but cited strong […]
China’s Haier plans to invest USD 500 mn expanding its complex in Tenth of Ramadan
Haier to invest USD 500 mn in expanding Tenth of Ramadan complex: Chinese appliance manufacturer Haier plans to inject USD 500 mn over the next five years to expand its industrial complex in Tenth of Ramadan to increase its production capacity 5x, Haier Egypt General Manager Ahmed El Gendi told Al Borsa. Haier will acquire […]
Qalaa Holdings inaugurates two factories with combined investments of EGP 427 mn
The company expects the new facilities to increase export revenues by USD 40 mn
Housing Ministry sees USD 2.5 mn in deposits within 48 hours of launching Your Home in Egypt initiative
The highest level of demand came from Egyptians residing in KSA, UAE, and Bahrain
Tasaheel completes EGP 7 bn social sukuk issuance, Africa’s largest
PLUS- Attijariwafa Bank Egypt secured USD 20 mn from the IFC
TMG’s net income more than quadruples to EGP 14.5 bn in 2024
Revenues jumped 50% y-o-y to EGP 42.6 bn during the year