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Egypt, Turkey mull local currency trade. PLUS: News from Rology, Taqa x Aman, and Telecom Egypt
Egypt wants to boost trade with Turkey by 50% to USD 15 bn in five years
Ethmar Holdings could expand to Egypt. PLUS: Valu x Beymen.
INVESTMENT- EIH mulls expanding into Egypt + Saudi Arabia: Emirati holding company Ethmar International Holding (EIH) is considering expanding into…
Chinese firms to produce wearable tech in the SCZone. PLUS: OIH exits Brazil, local pharma player enters KSA
MANUFACTURING- Chinese firms to produce smart tech in the SCZone: Chinese tech firms will produce wearable tech at a new…
PHD to expand Palm Hills October after acquiring new land plot. PLUS: More Chinese investment?
The real estate developer expects to draw EGP 85 bn in sales proceeds from the plot over a 5-7-year period
Japanese firms talk renewables, green fuel investments with SCZone. PLUS: GAFI’s plans for silver licenses + SFE interest in EgyCOP
The Japanese delegation was joined by local and international energy companies operating in the country
Telecom Egypt to extend cross-Mediterranean Medusa subsea cable to the Red Sea + ADIB’s new sukuk move
The state-owned company signed an agreement last year to land the cable at Port Said
Orascom, Metito reach financial close for Abu Dhabi desalination project. PLUS news from Dar and Acacia, Banque Misr, Alameda, Siemens Healthineers
The USD 2.2 bn project includes a 500k cbm/day desalination plant and a 75-km water pipeline
Ezdehar to expand Zahran footprint by acquiring Alfa Market stores
Financially stricken Alfa Market is selling off branches to avoid defaulting on its debt
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