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Infrastructure 
Edita’s new production line is online
Edita Food Industries has started operations at its new EGP 135 mn productionline, which is set to increase Edita’s production…
Here’s what qualifies as a strategic project
Cabinet lays out criteria for strategic + national projects: Projects in electricity and renewable energy, petroleum, mineral resources, transport, CIT,…
Foreign companies could invest USD 1.3 bn in Egypt’s ports
Egyptian ports could see more than USD 1 bn in foreign investment as international companies look to expand capacity and…
THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar’s wealth fund about to follow ADQ + PIF into the EGX?
Good morning, friends, and welcome to an exceptionally packed Sunday. We’re going to jump right in No imminent EGP devaluation:…
THIS EVENING: AP Moller signs USD 500 mn investment agreement + US gas prices finally cool off
Good afternoon, friends, and a very happy THURSDAY to us all. It’s another relatively calm end to the week —…
Swvl to sell USD 20 mn in fresh stock via private placement
Cairo-born mass transport app Swvl has agreed to sell new shares to an institutional investor, giving it an important cash…
The Mogamma will become the Cairo House Hotel by the end of 2024
The Mogamma’s face-lift could be finished in 2024: The consortium of investors redeveloping the Mogamma into a hotel will finish…
The first half of the year was good for M&A in Egypt
Egypt has been a MENA M&A hotspot so far in 2022: Egypt recorded 65 M&A transactions worth USD 3.2 bn…
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