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More international players are interested in Damietta’s green ammonia project. PLUS: News from Taqa Arabia, Premium Healthcare
The project will produce around 150k tons of green ammonia annually in Mopco’s factories
How are Egypt's plans to implement a “foundation year” system shaping up?
The system is expected to be optional and could start as early as the academic year 2025-26, sources told Enterprise.
New energy incentives aim to boost domestic production and foreign investment
Incentives include increasing production sharing ratios with foreign companies in exchange for new investments
Tax reform, new incentive packages, new labor council, and more from Madbouly’s post-cabinet meeting presser
Egypt will subscribe to 414 shares in the EBRD’s capital increase
Local consortium to build USD 450 mn Dekheila dry bulk terminal
The terminal will add some 6-7 mn tons to our annual handling capacity
AstraZeneca to nearly double local pill production by 2028 as part of USD 50 mn plan. PLUS: BAIC Group, Fiat + Dynamic Distribution, Capricorn, Jaz Hotel Group, Ferrum Egypt, NextEra, Makanak, Melee, City Lab
The big pharma giant also wants to localize 80% of units produced at its Egypt plant by 2028
Gov’t continues to crack down on strategic commodities hoarding
Rice, sugar, blended oil, fava beans, white cheese, milk, and pasta will continue to be designated as strategic commodities
Egypt is looking to tap USD 3 bn worth of external debt by June, Kouchouk reportedly tells foreign investors
Key to bringing down costs is diversifying our debt instruments, gov’t source says
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