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Infrastructure 
Abdel Wahab as GAFI head renewed until 2021, Fine appoints new Egypt boss
MOVES- Prime Minister Moustafa Madbouly has renewed Mohamed Ahmed Abdel Wahab’s term as the chief executive of the General Authority…
Manufacturing
What we’re tracking on 26 August 2020
It’s another busy news day as we speed toward the week’s end, starting with the fact that bank hours just…
Egypt to launch fourth phase of industrial investment map in October
The Trade Ministry is planning to launch the fourth phase of its online industrial investment map in October, Hapi Journal…
Private equity investor Ezdehar is looking to raise as much as USD 200 mn from institutional investors
INVESTMENT WATCH- Private equity outfit Ezdehar is looking to raise as much as USD 200 mn from institutional investors to…
Local banks joining UAE’s Mashreq in arranging USD 360 mn loan to Evergrow
At least five banks — the National Bank of Egypt, Banque Misr, Suez Canal Bank, the Housing and Development Bank,…
Egypt’s Supply Ministry raises compensation for subsidized bread bakers
The Supply Ministry is paying bakeries a higher fee for producing subsidized bread, according to a decision seen by Al…
Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK
EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from…
Benya signs final agreement with AOI for EGP 1 bn fiber optics factory
ICT infrastructure contractor Benya Capital has signed a final contract with the Arab Organization for Industrialization (AOI) to build a…
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