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Egypt to see EUR 77 mn from Germany
The agreements came during the first Egyptian-German Cooperation day
MNT-Halan enters the UAE market with Halan Advance launch. PLUS: Hassan Allam Utilities + ACWA Power, Somabay + Taqa Arabia, AMEA Power, Monoprix + TMT
MNT-Halan has a target of building its customer base in the country to 250k by the end of next year
Could the National Smart Cities Strategy change how we go about urban development?
A smart city is one that operates using intelligent methods and strategies to improve residents’ quality of life
Saudi’s Al Mousa Cables eyes Egypt expansion with EUR 50 mn factory. PLUS: World Bank, African Development Bank, Eva Pharma, Beach Safari
The first phase of the project is set to begin operating in mid-2025
IFC commits USD 300 mn to sustainability bond issuance, USD 155 mn in green financing to Orascom Development, USD 150 mn to the CIB for SME on-lending
IFC subscribed to the bond with USD 300 mn, while ERBD and BII each invested some USD 100 mn in…
Chinese automaker FAW to return to the market with new local agent. PLUS: Arab Contractors, Orascom Investment, ICON, Wadi Degla Developments, MG Development, Egypt Castings
Geyushi Motors was Egypt's agent for China's FAW Group up until four years ago when their partnership expired
Vodafone International Services, Raya CX, and others given greenlight to open new call centers. PLUS: GlaxoSmithKline, NHS + EHA, MSMEDA + Tanmiya Capital Ventures
The government wants to see digital outsourcing services bring USD 9 bn into the economy annually as of 2026
CI Capital, Eastern Company, and Heliopolis Housing report their earnings
CI Capital’s net income after minority interest and taxes came in at EGP 344 mn for 3Q 2024
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