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Infrastructure 
FRA green-lights Sika Egypt’s MTO for Bitumode
M&A WATCH- FRA green-lights Sika Egypt’s MTO for Bitumode: The Financial Regulatory Authority (FRA) has approved a mandatory tender offer…
Manufacturing
Egypt Hydrocarbon signs USD 550 mn ammonia plant pact with Maire Tecnimont
The Egypt Hydrocarbon Corporation has signed a USD 550 mn agreement with Maire Tecnimont to set up an ammonia plant…
Banque Misr to arrange loan worth up to EGP 1.6 mn to Damietta Furniture City
Banque Misr will arrange a EGP 1.4-1.6 bn syndicated loan to Damietta Furniture City to help increase production and exports,…
USD 1 bn phosphoric acid plant in Abu Tartour is nearing the start of construction
Phosphate Misr is expected to sign within days the final funding contracts with investors ahead of beginning construction on its…
Jordan resumes importing Egyptian agricultural and food products
Jordan has resumed imports of Egyptian agricultural and food products, according to a letter from the General Organization for Export…
What we’re tracking on 3 May 2020
Welcome to the month of May, ladies and gentlemen. Pandemic or not, we’re sprinting toward summer and … staycations? It’s…
Egypt’s garments exports fall in 1Q to USD 372 mn
Egypt's garments exports dipped 8% y-o-y in 1Q2020 to USD 372 mn, according to a Textiles Export Council report picked…
National Bank of Egypt dishes out EGP 27 bn of loans to factories under CBE initiative
NBE dishes out EGP 27 bn of loans to factories under CBE’s local industry initiative: The National Bank of Egypt…
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