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Egypt to start manufacturing FAW EVs in less than a year. PLUS: Pharma, commodities, telecom news
Production will be scaled up over the next three to five years
Hassan Allam takes on Saudi coral preservation project PLUS: News from Petrojet, Post for Investment, Edita
The project is part of the Coral Restoration Initiative, launched by KAUST and Neom
The details of Philip Morris’ Eastern Company stake acquisition. PLUS: News from Azza Fahmy, cabinet, INA
Philip Morris snapped up 49% of the UK-registered UK Egypt Investments Holding Limited, the sole owner of Global Investment Holding
Agthia wants to boost its exports out of Egypt. PLUS: News from TE, Vodafone, Huawei
Agthia’s exports from Egypt hit AED 24 mn in the first quarter of the year
Fresh investments into Masria Digital Payments. PLUS: News from Al Ahly Sabbour and Edita
MDP is in talks with five local and international investment funds over a USD 80-100 mn investment
E-Tax to digitize Real Estate Tax Authority’s operations. PLUS: News from the House, Sameh Shoukry, Madinet Masr
E-Tax will work on creating “an information portal for the authority
GB Logistics launches bonded warehouse services. PLUS: News from GB Auto, Beltone, Infinity, EgyptAir
Bonded warehouses are government-authorized facilities that store goods for a limited time without being subject to fees
Gov’t extends a helping hand to local startups
Madbouly called on startups to come up with a clear proposal for the incentives they want to see
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