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Egypt could soon welcome its first SPAC. PLUS: News from NREA, Raya, New Jersey Developments
Catalyst Partners has applied for a SPAC license
Emaar Misr, B Investments, Credit Agricole, and more join EGX30 after index review
The shariah-compliant index also saw new entries
Gov’t wants to set up a pharma raw material hub. PLUS: News from OPay, Telecom Egypt, Madinet Masr
The hub will aim to meet local market needs and regional exports
SODIC’s net income rises 87% y-o-y in 1H 2024
Gross contracted sales rose 34% y-o-y to EGP 10.9 bn during 1H 2024
More on the new cabinet’s goals for real estate, healthcare, and communications infrastructure
New public hospitals, housing units, and cellular towers are on the newly sworn-in cabinet’s three-year agenda
Marriott to open new Downtown hotel. PLUS: News from Infinity, Azimut, Arco, Madinet Masr
The hotel, set to open in 2029, will be within close proximity to Tahrir Square, the Egyptian Museum, and the…
Automakers are already lining up for the government’s local manufacturing initiative
Five automotive players are looking to either expand their local production or start assembling their units locally
Introducing the cabinet’s Economic Ministerial Group. PLUS: News from Madinet Masr, Eastern Company, Infinity Power
The group will be headed by Prime Minister Moustafa Madbouly
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