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More inflation ahead thanks to the gas price hike
The global gas squeeze has arrived in Egypt: Operating margins at industrial firms will likely come under pressure in the…
Gov’t really wants us to cut down on imports
Import substitution is back on the Cabinet’s priority list: The government is setting up a new committee on import substitution…
US stocks close at record highs
US stocks close at record highs on strong earnings: US equity markets reached fresh record highs yesterday as the strong…
Edita to kickoff production in Morocco within days, Egypt operation looks to expand bakery capacity in early 2022
Edita’s first production line in Morocco will be up and running within days, IR director Menna Shams El Din confirmed…
Inflation in emerging-markets smashes expectations
Inflationary pressures are building in emerging markets: Inflation in emerging markets has surpassed expectations by the most since 2008 as…
Kuzlo closes pre-seed round
Alexandria-based B2B marketplace Kuzlo raised pre-seed funding during a round led by Nama Ventures, according to a statement out on…
Factories face higher utility bills as gov’t hikes gas prices
The government has hiked gas prices for factories by up to 28%, according to a decision published in the Official…
What would a green manufacturing future look like for Africa, and Egypt?
Can Africa’s manufacturing go entirely green by 2050? Mckinsey seems to think so: With Africa’s manufacturing making up only 2%…
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