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Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC
The supermarket chain tapped into the Saudi market in February with a 50% stake purchase of discount retailer Dukan
Eastern Company hikes cigarette prices for the fourth time this year. PLUS: News from Palm Hills, Misr Petroleum, GASC
The increase came in response to the Finance Ministry enacting the law that allows companies to raise prices by 12%…
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
Hospitality players’ EGP 50 bn subsidized loan program goes live. PLUS: News from Accor, Air Cairo, Somabay
The program was greenlit by the cabinet back in July
Sumitomo Electric’s pigtail cable factory in Tenth of Ramadan nears completion
Sumitomo Electric has invested some EUR 22 mn in the factory
Gov’t to offer private players 21 plots to set up hospitals. PLUS: News from Vantage Capital, Aleph Holding
The government wants to add 173k beds to the country’s residential capacity by 2030
Egypt will lead the International Gas Union from 2028 to 2031. PLUS: News from Apache, Atlas, Raya Distribution, Air Arabia
Egypt will host the World Gas Conference in 2031
NRA to launch tender for the management of Bashteel’s garage. PLUS: News from Orascom Development, EBRD, B.TECH
The investor will be responsible for maintenance, cleaning, security, and utilities throughout the 10-15 year lease
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