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Infrastructure 
Egyptalum to start EGP 7 bn upgrade project in early 2020
Egypt Aluminum (Egyptalum) will begin a EGP 7 bn project to upgrade a production line in early 2020, Mahmoud Agouz,…
Manufacturing
Healthcare outfit ICMI invests EGP 30 mn to expand production
Healthcare outfit the International Company For Medical Industries (ICMI) has invested EGP 30 mn to finance its expansion plans in…
Gov’t expects Egypt’s exports to grow 20% y-o-y in 2019, Nassar says
The government is expecting Egypt’s exports to be growing at a clip of 20% y-o-y by the end of this…
VW interested in assembling nat-gas vehicles in Egypt
Volkswagen is interested in assembling natural gas-powered cars in Egypt, and is willing to increase its usage of locally-produced components,…
Earnings watch: Elsewedy Electric, Oriental Weavers, Domty
EARNINGS WATCH- Elsewedy Electric’s net profit dropped 22.2% to EGP 2.7 bn in 9M2019, down from EGP 3.5 bn during…
Egypt to launch fabrics and textiles mall in 1Q2020
The Cairo Chamber of Commerce's readymade garments division plans to establish a EGP 3 bn mall in the 1st Settlement…
Egypt’s Multi Apex Pharma to set up factory in Saudi Arabia
Egypt-based Multi Apex Pharma is planning to set up a 15k sqm production facility in Saudi Arabia, the company's chairman,…
Mondelez begins making Milka chocolate in Egypt
Snack-maker Mondelez has begun operating a new production line at its Tenth of Ramadan City facility to manufacture Milka chocolate,…
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