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Arco inks EGP 720 mn financial leasing agreement
Real estate development firm Arco is borrowing EGP 720 mn via a financial leasing agreement with a syndicate of Gulf…
Steel manufacturers call for cheaper licenses
Steel manufacturers interested in new steel licenses from the Industrial Development Authority (IDA) want the authority to slash the license…
Eastern Company gets in on Davidoff
Eastern Company has inked an agreement to jointly manufacture Davidoff Evolve cigarettes with Mansour International Distribution Co at Eastern’s facilities,…
THIS EVENING: CI Capital subsidiary wants 26% of Cleopatra Hospitals + Abu Qir’s caps stake sale at 10% + Omicron has a stealth mode
Good afternoon, friends — and hold onto your hats. While the news flow is fairly moderate so far today, wind…
New tobacco license terms
The tobacco industry is less than pleased with the latest set of conditions for a license to manufacture cigarettes, which…
Edita starts operations at Morocco factory
Edita Food Industries has started operations at its new production facility in Morocco, the company announced in a statement (pdf)…
Tobacco tender is back on
Bringing a new tobacco competitor into the market, take three: The Industrial Development Authority (IDA) has relaunched a tender for…
GM + Al Mansour Auto could partner up to produce EVs
General Motors and Al Mansour Automotive could partner up to produce electric vehicles in Egypt under a memorandum of understanding…
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