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IDA agrees to extend construction deadline for 1,000 factories project investors for 6 months
The Industrial Development Authority (IDA) has agreed to give 20 investors from the New Cairo 1,000 factories project a six-month…
Business
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Nestlé Egypt targets 20% increase in exports in 2018
Nestlé Egypt is looking to increase its exports 20% y-o-y in 2018 from a current USD 50 mn as it…
El Assar meets with Bechtel regional president to discuss cooperation
Military Production Minister Mohamed El Assar met yesterday with Bechtel’s Regional President for Europe and the Middle East, Stuart Jones,…
Furniture City in talks with Egyptian, UAE investors to establish EGP 1.5 bn in projects
Officials from the Damietta Furniture City are in talks with unnamed Egyptian and Emirati investors to establish projects worth EGP…
FEI expresses reservations about CBE’s EGP 16.8 bn debt relief program
The Federation of Egyptian Industries (FEI) has expressed some reservations about the CBE’s EGP 16.8 bn debt relief program,Al Mal…
600 Egyptian, foreign companies have applied for GEM operations tender
Around 600 Egyptian and foreign companies and consortiums have expressed interest in prequalification for the tender to manage and operate…
MAM to buy stake in Al Canal Sugar from Al Ahly Capital for EGP 100 mn
Misr Asset Management (MAM) reportedly plans to invest EGP 100 mn to buy into Al Ghurair Group’s Al Canal Sugar…
Facebook to launch campaign in Egypt
Facebook is reportedly in talks with several PR companies in Egypt to launch a promotional campaign in the country, according…
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