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Ghazl el Mahalla kicks off institutional subscription
The institutional subscription for Ghazl El Mahalla’s micro-IPO will be completed by the end of the week, the Public Enterprises…
UPDATED- ERC kicks off its debt restructuring plan
Qalaa Holdings subsidiary Egyptian Refining Company (ERC) is in talks for a debt restructuring agreement, ERC President Mohamed Saad said on…
Gov’t to begin signing off on USD 3 bn of water desalination bids in 1H2022
Gov’t to rule on USD 3 bn-worth of desalination bids in 1H2022: Al Nowais, ACWAPower, Mitsubishi, Schneider Electric, Shanghai SafBon…
Egypt in the News: Reuters looks at the carry trade, World Bank highlights natural gas infrastructure
Reuters puts the carry trade in focus this morning ahead of a year in which central banks globally are seen…
SFE, Mobica break ground on new GEMS-run schools in Cosmic Village
The Sovereign Fund of Egypt (SFE) and Mobica broke ground on two schools in the Cosmic Village, the Planning Ministry…
Al Nowais eyes desalination + green hydrogen investments
UAE’s Al Nowais is looking to invest in desalination and green hydrogen projects in Egypt, Chairman Hussain Al Nowais tells…
Nestlé ups investment, packaging manufacturer Uflex opening here
Nestlé Egypt is investing EGP 700 mn in new production lines at its Sixth of October factory between 2021 and…
THIS EVENING: Frosty visits Alexandria’s shores + IDH to acquire 50% stake in Islamabad Diagnostic Center + India’s Uflex to invest USD 30 mn in local manufacturing plant
Alexandrians experienced some snowfall today as the temperature dropped to 7°C following days of extremely cold weather. Alex isn’t out…
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