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Maersk tells the SCA it hopes to have all its services back on the Suez Canal by March 2027
Good morning, friends. All that glitters isn’t gold on the consumer finance front. The FRA decided bullion and jewelry count…
Moody’s raises Egypt’s local and foreign currency ratings to B3 and kept a positive outlook
Good morning, nice people. Before getting into the news of the day, we have an announcement of our own. After…
Billet-duty dispute heads to court as rolling mills sue to scrap anti-dumping duties
The Administrative Court will hear the rolling-mills lawsuit against Egypt’s billet anti-dumping duties on 14 November as integrated producers dig…
Elsewedy Electric proposes EV assembly plant in Algeria under Elsewedy Ezz brand
Elsewedy Electric submitted a feasibility study to Algeria’s PM to build an electric and hybrid vehicle plant targeting 25% exports…
The EU is proposing to cut Egypt off from its steel scrap
Brussels’ draft waste rules would strip Egypt of a core mill feedstock just as EU and US tariffs squeeze its…
BdC’s updated valuation study has been approved by a cabinet committee, marking a step closer to IPO
Good morning, folks. We’ve got three stories to kickstart the week, one about a macro surprise, another on our friends…
Helios’ Raya Foods bid collapses, marking its second failed Egypt deal in two months
Good morning, folks. It’s President Xi Jinping’s last day in Cairo, and we have a recap of all the arrangements…
The Chinese takeover with Ankush Arora
When Chinese cars first appeared in Egypt around a decade ago, they were met with backlash. Now, they’re everywhere. Why?…
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