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THIS EVENING: Singapore’s Indorama has its eyes on investing in Egypt
Happy almost-THURSDAY, wonderful people. It may have been an abridged workweek, but we’re very much looking forward to the upcoming…
Current account deficit narrows in 3Q 2022-23
Current account deficit reaches USD 3.5 bn
Dubai takeover of Pachin is complete. PLUS: A real estate merger in the works?
The Dubai-based company purchased the remaining 20% of Pachin owned by state entities
Japanese auto parts manufacturer given land for factory
Japanese manufacturer Yazaki will begin construction of its EUR 30 mn factoryin Fayoum’s first freezone after signing land contracts with…
Gennecs’ huge vaccine plant + four other projects receive golden licenses
The plant is expected to produce 300 mn vaccines a year, making it the largest of its kind in the…
Swedish appliances manufacturer Electrolux to exit Egypt
The Zanussi manufacturer will sell all of its brands and assets in Egypt as part of global “reprioritization” plans
MTI to acquire 40% of B Investments’ B Pharma
The transaction values B Pharma at around EGP 512.5 mn
Beltone’s record EGP 10 bn capital increase closes, sees foreign institutions take stakes
Second phase of rights issue was c. 5.5x oversubscribed
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