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Egypt’s GAFI set to complete six freezones this fiscal year
The General Authority for Freezones and Investments (GAFI) is set to complete six customs-exempt special economic zones (SEZs) in FY2019-2020,…
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Egypt’s Ibnsina raises issued capital to EGP 205 mn via bonus shares
Ibnsina Pharma has increased its issued capital to EGP 205 mn from EGP 180.5 mn by issuing EGP 24.5 mn-worth…
Military Production Ministry signs MoU with UK’s BlueMAC to set up recycling facilities in Egypt
The Military Production Ministry signed yesterday an MoU with the UK’s BlueMAC Manufacturing to cooperate on setting up recycling factories…
GOEIC to revoke 10k companies’ rights to import their goods into Egypt
The General Organization for Export and Import Control (GOEIC) is planning to remove 10k companies from its importers database, which…
Orascom Construction approves USD 0.30/share dividend payment
Orascom Construction’s board of directors approved on Sunday a dividend payout of USD 0.30 per share, according to a company…
Icon signs EGP 60 mn housing facilities agreement with Petrojet
The Industrial Engineering Company for Construction and Development (Icon) signed a EGP 60 mn contract to provide and set up…
House approves EUR 225 mn loan from KFW development bank
The House of Representatives has approved a second, EUR 225 mn (c.USD 256 mn) tranche of a USD 450 mn…
Military production ministry has EGP 15 bn construction backlog
The Military Production Ministry owns 20 companies and 17 factories involved in contracting and engineering consultation and has a backlog…
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