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Korean business delegation visits Suez economic zone
A Korean business delegation visited the Suez Canal Economic Zone (SCZone) to kick the tyres on potential investments with SCZone…
Egypt, Russia’s Ak Bars to cooperate on developing shipbuilding industry
The Suez Canal Authority (SCA) signed a cooperation protocol with Russian shipbuilding company Ak Bars Holdings to partner in the…
What we’re tracking on 9 October 2019
Prime Minister Moustafa Madbouly’s statement to the House yesterday didn’t quite have the intended effect. MPs stepped up their criticism…
Egypt to deliver 4 mn sqm at the Suez Canal Zone to investors soon
It was a mixed bag on the airwaves last night: Egypt is nearly ready to deliver 4 mn sqm to…
Most Suez Canal certificate holders reinvest returns, Egyptian banks say
Most holders of Suez Canal certificates of deposit (CDs) reinvested their returns into other savings products after the CDs matured…
Saint Gobain opens new glass production line in SCZone
France’s Saint Gobain has brought online a new glass production line at its plant at the Suez Canal Economic Zone,…
What’s going on with Egypt’s repayment of the Suez Canal certificates?
What’s going on with the Suez Canal certificate payments? Reports emerged in the local press yesterday claiming that the Finance…
Al Yosr Group to borrow EGP 1.1 bn from three banks
Al Yosr Group has signed loan agreements with Banque du Caire (BdC), Suez Canal Bank (SCB) and the Industrial Development…
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