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SFE, Mobica break ground on new GEMS-run schools in Cosmic Village
The Sovereign Fund of Egypt (SFE) and Mobica broke ground on two schools in the Cosmic Village, the Planning Ministry…
Al Nowais eyes desalination + green hydrogen investments
UAE’s Al Nowais is looking to invest in desalination and green hydrogen projects in Egypt, Chairman Hussain Al Nowais tells…
Nestlé ups investment, packaging manufacturer Uflex opening here
Nestlé Egypt is investing EGP 700 mn in new production lines at its Sixth of October factory between 2021 and…
THIS EVENING: Frosty visits Alexandria’s shores + IDH to acquire 50% stake in Islamabad Diagnostic Center + India’s Uflex to invest USD 30 mn in local manufacturing plant
Alexandrians experienced some snowfall today as the temperature dropped to 7°C following days of extremely cold weather. Alex isn’t out…
Negotiations ongoing with five int’l institutions to finance Aswan-Toshka railway
The Transport Ministry is in negotiations with five international financial institutions to help fund the construction of the planned Aswan-Toshka…
Saudi electronics retailer eXtra eyes EGP 1 bn expansion to Egypt
Saudi electronics retailer Extra plans to spend EGP 1 bn to launch in Egypt, marking the company’s first expansion outside…
THIS EVENING: CHG approves CI Capital’s offer price + brace yourself for bad weather tonight + ALSO: What have Egyptians been Googling in 2021?
Signs that many of you have started hibernating: A slow news day both domestically and abroad, along with the significant…
Arco inks EGP 720 mn financial leasing agreement
Real estate development firm Arco is borrowing EGP 720 mn via a financial leasing agreement with a syndicate of Gulf…
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