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Manufacturing is slowing across the world
Factory activity in the eurozone is suffering its deepest contraction since the covid-19 pandemic
Mienta to invest USD 5 mn in new factory in SCZone. PLUS: News from the National Dialogue, Dragon Oil, Heliopolis Housing + BanknBox
The factory will produce small home appliances and start operating in 2024
Meet our founder of the week: Farida El Sherbiny, founder of Biyadi
Biyadi is a local brand for handmade functional and decorative art
ADIB Egypt receives license to set up microlender. PLUS: OPay wants a digital banking license, tenders for infrastructure and industrial projects
The lender wants to open 200 branches across the country
The government wants to enlist the private sector to overhaul state-owned factories
Nearly half of state-owned companies are making losses
Power crisis could last until mid-August, says Electricity Ministry official
Some fertilizer producers are seeing their gas supply cut by 20% as the government looks to plug the gas shortfall…
Taqa Arabia shareholder sells 20% stake. PLUS: Beltone’s SODIC office building buy, Qalaa to study green aviation fuel with French firm — and more
The block trade comes three weeks after the company’s shares began trading on the EGX
Japanese auto parts manufacturer given land for factory
Japanese manufacturer Yazaki will begin construction of its EUR 30 mn factoryin Fayoum’s first freezone after signing land contracts with…
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