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SCZone signs off on land contract for USD 2.6 bn methanol plant in Ain Sokhna
SCZone signs off on Ain Sokhna’s USD 2.6 bn methanol plant: The General Authority for the Suez Canal Economic Zone…
Tobacco tender boycott, take two?
Three major tobacco companies have reportedly chosen not to bid for a license to manufacture cigarettes: International tobacco producers JTI-Nakhla…
Arco inks EGP 720 mn financial leasing agreement
Real estate development firm Arco is borrowing EGP 720 mn via a financial leasing agreement with a syndicate of Gulf…
Steel manufacturers call for cheaper licenses
Steel manufacturers interested in new steel licenses from the Industrial Development Authority (IDA) want the authority to slash the license…
Danone aims to double investment in Egypt over 5 years
Danone is looking to invest EGP 1 bn in Egypt over the next five years, which would double the company’s…
Eastern Company gets in on Davidoff
Eastern Company has inked an agreement to jointly manufacture Davidoff Evolve cigarettes with Mansour International Distribution Co at Eastern’s facilities,…
Russia will start pouring money into RIZ buildout
Russia will start financing the construction of its Russian Industrial Zone (RIZ) next year, First Deputy Minister of Industry and…
Abu Qir raises EGP 2.25 bn in secondary offering
Abu Qir Fertilizers completed the sale of 10% of its shares for EGP 2.25 bn (c. USD 143 mn), according…
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