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EIB, EU extend EUR 165 mn to green our industrial sector. PLUS: Jinbei’s buys Brilliance stake, GUPCO, data centers, steel price rises, sugar tenders
The funds will help the private and public sector combat industrial pollution
El Sisi ratified the new Building Reconciliation Act. PLUS: News from Raya Auto, Orascom Development, Telecom Egypt, and Lukoil
The new act makes it easier for people to legalize their unauthorized properties
GB Corp’s Drive raises EGP 1.47 bn in fresh securitization
This is the second time this month the GB Corp subsidiary has taken to the securitization market
GB Corp’s Drive closes EGP 1.4 bn securitized bond issuance
The issuance is the first in a three-year EGP 5 bn securitization program
EgyptSat Auto secured its golden license, but are unclear industry standards in the way?
No clear road after EgyptSat Auto golden license: Egyptian automotive company EgyptSat Auto successfully obtained the golden license late last…
Global Auto Group signs binding framework agreement to locally assemble cars
Global Auto Group began assembling BMW’s in 2023 after a five-year hiatus
Elsewedy Capital and Ezz El Arab Automotive team up to locally assemble cars
The newly found company aims to annually produce 50k units in the “coming years”
Saudi Bashayer could deploy an initial EGP 1 bn to develop industrial land in Egypt. PLUS: Japanese investment, Re.life, AirArabia, Drive Finance
SBD is partnering with an unnamed German company with “extensive experience” in waste treatment and recycling
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