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Egypt’s banks told not to take legal action against struggling factories
Banks will be required to call off any legal action they’re taking against factories that are unable to pay off…
Elaraby Group to invest EGP 1 bn in 2020 to expand production
INVESTMENT WATCH- Elaraby Group will invest EGP 1 bn this year in expanding its production capacity in Egypt, Vice President…
Lorenz Snack-World looking to expand in Egypt, launch more products
German snack company Lorenz Snack-World is seeking to expand its presence in Egypt and has applied for a 10k sqm…
Egypt to increase grain silo storage capacity by 330k tonnes this year
Egypt is preparing to add 330k tonnes of storage capacity to its grain silos after increasing it by 5.9% last…
CID, Germany’s Gelita to set up EGP 1 bn gelatin factory in Egypt’s Roubiki City
Cairo for Investment and Development (CID) has signed a contract with Germany’s Gelita AG to set up a EGP 1…
Egypt is fastest-growing market for Mercedes as sales hit record in 2019
Egypt the fastest-growing market for Mercedes as sales hit record in 2019: Mercedes-Benz Egypt hit record sales levels in 2019,…
RenCap sees Egypt, Morocco leading industrialization-based growth in MENA
RenCap sees Egypt, Morocco leading industrialization-based growth in MENA: Egypt and Morocco are seeing “promising changes” that should help improve…
Cabinet approves partial property tax exemption for factories
CABINET WATCH- Cabinet approves partial property tax exemption for factories: The Madbouly Cabinet approved draft amendments to the Real Estate…
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