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Visa’s new payment threats report breaks down the latest in fraudulent activities
In the first half of 2024, Visa’s fraud department issued blocks on fraudulent activity that saw 51.8 mn transactions declined…
Gov’t targeting 50% vaccine localization by 2030. PLUS: Flydubai, E-finance + Cassava, Ezz Steel
The government is also targeting vaccine manufacturing self-sufficiency by 2040
Jade Textile eyes three new factories for USD 180 mn. PLUS: Giza Spinning and Weaving, DHL, Ebda, Ashry Steel, Ecole Ducasse, Shell, SIAC, E-finance
The company is planning to double its production capacity with the investment
Turkish firms Erciyas and Eroglu working on setting up garments, pipeline factories. PLUS: Green Core + Egyptian Electronic Waste Recycling Company, EBRD + Red Sea Wind Energy, Suez Canal Bank + Mint Real Estate Assets, Sympl, Talabat, eNovate
The factory will focus on producing large-pressure pipes with the aim of generating USD 200 mn in revenues
Egypt in talks to push back LNG shipments on the back of limited regasification capacity, sufficient domestic supply. PLUS: Ghabbour Foundation + Investing for Employment, Infinity + Recharged, Mountain View, eNovate + Mastercard
The shipments are part of the 20 cargoes that the government bought to cover domestic needs between October and December
Modon Holding taps Hassan Allam Holding for Ras El Hekma construction projects
Good morning, friends. We’ve got another packed issue for you this morning, with plenty for you to read through this…
Valu closes EGP 667 mn securitized bond issuance
The issuance is the second under a new EGP 16 bn securitization program
Xi pledges to work with Trump administration during meeting with Biden
Good morning folks, and welcome to a new workweek. We have a busy day of local and international news for…
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