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Offers roll in for the rehabilitation of EgyptAlum. PLUS: News from Valu, B Investments, Rixos Hotels
Emirati Fleet Energy, and Chinese Nonferrous Metal Mining Group have both submitted technical offers
Gov’t pays back some of its dues to Pharos Energy. PLUS: News from Juhayna
The payment marks 27% of the EGPC’s dues by the end of last year.
ACUD’s assets have tripled in value post float. PLUS: News from NBE, ITIDA, Al Ahly Momkn, IFC, Capricorn Energy
Three industrial developers have so far submitted offers for 1 mn sqm plots each in phase 2 of the new…
Juhayna slashes prices by 15-18%
The move came after the gov’t agreed with suppliers and retailers to cut prices by 15-20% this week
Honeywell gears up for sustainable aviation fuel project. PLUS: EU + French Development Agency finance water treatment plant, EDA to clamp down on counterfeit meds
Honeywell will complete a feasibility study for the project within the next few months
Siemens to build smart health facilities in Egypt. PLUS: Tejas Network, Paymob + MID Takseet, Afreximbank + Hafiz
The revamp aims to increase the efficiency of the facilities, reduce energy consumption and disruptions, and improve patients’ comfort and…
EFG Hermes concludes advisory on Arafa Holding demerger. PLUS: GCC alliance eyes 25% stake in City Lab Egypt
The demerger saw Arafa rebrand as Concrete Fashion Group for Commercial and Industrial Investment and spin off subsidiary GTEX Holding
China’s construction behemoth eyes building a medical city near the new capital
China State Construction Engineering Corporation wants the city to house 18 specialized clinics
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