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USAID’s pullback from Egypt puts employees and programs at risk
Several key initiatives in the country were halted due to the lack of funding
Raya Auto to set up USD 50 mn EV assembly plant next year
PLUS- Emirates Airlines has inaugurated its Emirates World store in Cairo
What is the government doing to crack down on industrial land hoarding?
The Industry Ministry has outlined a series of steps to safeguard national industries and protect manufacturers' interests
Orascom Development, Rameda, EgyptAlum, Ibn Sina Pharma, Qalaa Holdings, and Eipico join the EGX30 after index review
Ezz Steel, B Investments, Faisal Islamic Bank of Egypt, Cleopatra Hospitals, Elsewedy Electric, Heliopolis Housing were removed from the blue-chip…
AfDB approves USD 170 mn private sector development, economic diversification loan. PLUS: Paymob, Masria Digital Payments, SideUp, Mobica, Shell, Orascom Financial Holding
The funds will have a special emphasis on green growth
Nas Investments makes 90% EgyFert acquisition bid official with MTO. PLUS: Heliopolis Housing, JA Solar + AMEA Power, Healthy, Elsewedy Electric, Misr Petroleum, Ezdehar, Robbiki Leather City
M&A- UAE-based Nas Investments Holding submitted a mandatory tender offer to acquire an additional 57.5% stake in EGX-listed fertilizers player…
IDG to invest EGP 3 bn developing its zones this year
IDH currently owns three industrial zones
Budget supermarket chain Kazyon is set to fully acquire Minya’s Upper Egypt for Concentrates. PLUS: Tanmiya Capital Ventures + Vital Pharma, Bel Egypt, Pickalbatros, Bolt, Akh Gold, Erada Microfinance
The acquisition will be financed via a capital increase of an unspecified size
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