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Samsung wants to boost exports from Egypt by 50%. PLUS: News from Delta Fertilizers, Schneider Electric, Contact
Samsung was awarded a golden license in August
Gov’t to close bidding for Wataniya soon + Gabal El Zeit wind farm next in line
The government plans to sell at least 10% in Wataniya
Cabinet slashes government spending some more
Hassan Allam Holding’s logistic arm receives golden license
Egypt transfers ownership of gov’t HQs to the Sovereign Fund of Egypt
The move is part of a wider plan to revamp Downtown Cairo
SCZone inks framework agreements for five industrial projects
The SCZone head Walid Gamal El Din said the agreements signed are the first of 50 others in the works
PIF’s first bond sale of 2024 was 5x oversubscribed
The offering received offers totalling USD 27 bn
Egyptian-British JV to set up animal feed factories worth USD 30 mn
The first of the four factories is slated to come online in two months
Ezdehar acquires minority stake in local pharma delivery startup Yodawy with USD 10 mn investment
The investment will help Yodawy grow through expanding its client base and tech-enabled prescription capabilities
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