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The project will prioritize cultivating high-value crops such as medicinal and aromatic plants
Author Archives: enterpriseam admin
Posted inEconomy
Central Bank of Egypt keeps rates stable for fifth time in a row
The CBE expects inflation to stabilize through year-end before easing further in 1Q 2025
Posted inManufacturing
SCZone signs land agreement with Orascom Industrial Parks for EGP 13 bn complex
The multi EGP bn project will cover a 3.3 sq km area and create over 30k jobs
Posted inDEBT WATCH
Banque Misr secures USD 1 bn syndicated loan led by Mashreq Bank and Emirates NBD Capital
The loan saw a 1.8x oversubscription and attracted interest from 18 global financial institutions
Posted inLAST NIGHT’S TALK SHOWS
The EGP exchange rate against the greenback was back in the headlines
The talking heads also covered the ICC’s decision to issue arrest warrants for Benjamin Netanyahu and former Israeli Defense Minister Yoav Gallant
Posted inEGYPT IN THE NEWS
Community backlash from Alexandria cement plant's coal burning catches the attention of international press
COP29 puts Egypt’s use of coal in the spotlight: Residents of Alexandria’s Wadi Al Qamar neighborhood are fighting to hold the Alexandria Portland Cement Company accountable for coal-related pollution they claim is damaging their health and environment, Reuters reports. “Every night, we see particles falling from their chimneys. Under street lights, you can clearly see […]
Posted inAlso on our Radar
Al Mashat meets with EU delegation to discuss unlocking EUR 1.8 bn investment guarantee mechanism
The investment guarantees were first announced back in March as part of the bloc’s EUR 7.4 bn aid package for the country