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NIB sues ERTU over EGP 886 mn loan
The National Investment Bank (NIB) filed a lawsuit against the Egyptian Radio and Television Union (ERTU) in a Cairo Economic…
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Court of Cassation denies East Med appeal against repaying NBE USD 174 mn
The Court of Cassation has rejected an appeal by Hussein Salem’s East Mediterranean Gas Company against a 2016 ruling obliging…
Suez Canal revenue for October at USD 474 mn
Suez Canal revenues grew 13.3% y-o-y in October came to USD 474 mn, said Suez Canal Authority head Mohab Mamish…
Investment Ministry aiming to bring the total number of investment zones to 27
The Investment Ministry is planning on bringing the number of investment zones nationwide to 27, up from a current 16…
Gold’s to open eight branches next year
Gold’s Gym is planning on opening eight new branches next year at a cost of c. EGP 150 mn, according…
Trade Ministry to grant temporary licenses for importers who don’t yet comply with Import Registry Act
The General Authority for Export and Import Control will grant temporary licenses to importers who are currently unable to meet…
SEIIC close to two acquisitions in consumer sector
The Saudi Egyptian Industrial Investment Company (SEIIC) is closing in on two acquisitions in the food and pharma sectors, General…
India’s Bajaj to restructure state-owned cotton ginning companies
Indian automaker Bajaj was awarded a tender for the restructuring of state-owned cotton ginning companies, Public Enterprises Minister Ashraf El…
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