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Futek to invest EGP 60 mn medical devices line
Futek Lighting will invest EGP 60 mn to add a production line for medical devices — including pulse oximeters to…
MANUFACTURING-
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Al Gioshy Steel postpones expansion, blames new import tariffs
Al Gioshy Steel has postponed plans to add a production line to its steel rebar production facility, citing the Trade…
CPC invests EGP 300 mn into Sadat City industrial zone infrastructure
Saudi Arabia’s Construction Products Holding Company (CPC) has invested EGP 300 mn into its infrastructure development project for the Sadat…
Egypt’s Ibnsina Pharma launches phone app to allow pharmacists to place orders
Ibnsina Pharma has launched an app that will allow pharmacists to place and track orders, the company said in a…
Cotton and Textile Industries Co. signs EGP 780 mn agreement with Misr Spinning and Weaving for cotton spinning factory
State-owned Cotton and Textile Industries Company has signed a EGP 780 mn agreement with Misr Spinning and Weaving Company after…
Abu Auf plans new EGP 75 mn coffee factory in Tenth of Ramadan industrial city
A subsidiary of commodity player Abu Auf is planning to set up a EGP 75 mn coffee plant in the…
Egyptian banks dole out EGP 69 bn from CBE’s EGP 100 bn subsidized loan initiative
Banks dole out EGP 69 bn to local industry under CBE’s EGP 100 bn subsidized loan initiative: Egyptian banks —…
European automakers eyeing component manufacturing in Egypt?
European automakers eyeing component manufacturing in Egypt? Three European automotive manufacturers are looking at setting up “strategic partnerships” with auto…
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