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Damietta Furniture withdraws EGP 1 bn loan installment
Damietta Furniture City has drawn down EGP 1 bn of its EGP 1.5 bn syndicated facility taken out from a…
Egypt to keep imposing anti-dumping duties on Chinese synthetic fiber blankets
The Trade and Industry Ministry will keep in place 55-74% anti-dumping duties on synthetic fiber blankets imported from China until…
Edita’s Morocco arm obtains USD 8.2 mn loan to fund new facility
Edita Food Industries’ Morocco-based subsidiary has acquired a MAD 80 mn (c. USD 8.24 mm) from the Arab Bank’s branch…
Acdima signs MoU with SK Plasma to produce plasma-derived products
Acdima Pharma signed an MoU with South Korea’s SK Plasma to produce plasma-derived medicinal products in Egypt, the local press…
Your top infrastructure stories of the week
Your top infrastructure stories of the week: Elsewedy secures Mostakbal City project: Elsewedy Electric’s Trading & Distribution unit signed a…
Is the lack of infrastructure at industrial zones slowing down development?
Is the lack of infrastructure at industrial zones slowing down their development? A dispute between the government and companies in…
P&G to invest USD 50 mn over next 18 months to expand manufacturing
INVESTMENT WATCH- P&G to invest USD 50 mn in Egypt by the end of 2021 to expand manufacturing: Procter &…
Malaysia’s Proton partners with MIH to assemble cars in Egypt
INVESTMENT WATCH- MIH says it’s partnering with Malaysia’s Proton for El Nasr car assembly plan: Malaysian auto outfit Proton will…
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