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Empower Egypt looks to produce fertilizer, energy from sugar beet waste
Waste-to-energy company Empower is close to signing agreements worth a combined EGP 350 mn with three unnamed sugar beet processing…
EgyLease negotiated EGP 400 mn loan with Banque Misr
EgyLease is in talks with Banque Misr for a EGP 400 mn loan to finance the company’s expansion plans, Chairman…
Egypt’s commodities exchange could be expanded to include gold, steel, cotton
Gold, steel, and cotton could eventually be on the menu for Egypt’s commodities exchange: The new Egyptian Commodities Exchange (Egycomex)…
Profits at top 5 real estate firms fall 31% in 2Q2020
Egypt’s five largest listed real estate companies reported a combined drop in profits of around 31% in 2Q2020 as a…
GAFI approves new projects in IDG’s e2 industrial park in Alamein
INVESTMENT WATCH- GAFI approves new projects in IDG’s e2 industrial park in Alamein worth EGP 600 mn: The General Authority…
Cabinet approves EUR 225 mn AfDB loan for electricity reforms, green energy
CABINET WATCH- The Madbouly cabinet approved a EUR 225 mn financing agreement with the African Development Bank (AfDB) to support…
The state goes on the offense to repatriate allocated land plots from investors
The Industrial Development Authority (IDA) is gearing up to repossess industrial land from companies that “aren’t serious” about meeting construction…
US suspends aid to Ethiopia for deadlock on GERD with Egypt, Sudan
US suspends some aid to Ethiopia for GERD impasse: The US has suspended about USD 100 mn worth of aid…
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