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EFG Holding exits Jordan, Air Cairo expands to West Africa + GASC buys 180k tons of wheat
GOODBYE, AMMAN- EFG Holding has completed its exit from Jordan. (Companydisclosure, pdf). HELLO, WEST AFRICA- Air Cairo will begin flying…
Cabinet greenlights stricter penalties for unauthorized groundwater drilling
Fines for illegal drilling can go up to EGP 500k
What to expect from the Giza Zoo post-revamp
Plans for the zoo to become a much larger, greener and more diverse touristic attraction are underway
Renewable energy link to Italy. PLUS: News from Engazaat, Supreme Council of Ports and Logistics, and Wizz Air
ENERGY- Italy-Egypt subsea link is in the works: UAE-based energy company K&K Group has signed an MoU on the sidelines…
Lots of news from Elsewedy Electric
We’re getting a USD 50 mn fertilizer complex from the UAE’s Sharkia Group
Disruptech invests in Banknbox. Plus: Alstom, Catalyst Capital, Abu Dhabi Ports, Capricorn, ITIDA
FINTECH- #1- Disruptech invests in fintech player Banknbox: Local fintech VC firm Disruptech has inked an agreement with digital banking…
What the government is doing to boost Egypt’s marble + granite industry
Exports from the industry could reach USD 1 bn per year
Countries commit USD 420 mn to loss and damage fund on opening day of COP28
Five countries and the EU committed funds
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