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Infrastructure 
Palm Hills to set up schools, urban projects in KSA under agreement with Saudi Dallah Real Estate
The agreement will see the two firms develop urban projects across Saudi Arabia, as well as 15 new schools in…
United Bank eyes raising up to EGP 5.1 bn in upcoming IPO
The upper limit of the indicative price range gives the bank a market cap of up to EGP 17.2 bn
Unnamed Chinese company plans USD 360 mn tire plant venture
Good afternoon, friends, and happy Thursday. We wish you a warm weekend filled with family and friends. THE BIG STORY…
Madbouly cabinet approves redrafted Labor Act during its weekly meeting
The cabinet approved two new golden license issuances
Government to unveil revamped privatization program before December
PLUS- The EGP is a “truly flexible” currency
Kemet Data Center secures land under usufruct agreement
PLUS- Siraj will be producing Honeywell’s indoor and outdoor lighting for use in commercial, residential, and industrial settings
Kouchouk lays out plan for ensuring economic stability. PLUS: News from Fincart, CI Capital, Sport Ministry
PLUS- Egypt’s debt-to-GDP ratio dropped to 89.6% in June 2024
SIC submits mandatory tender offer to own up to 100% of CIRA Education
SIC has offered to purchase some 284.3 mn of CIRA’s shares at EGP 15 a piece
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