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Damietta Furniture City signs agreement to export EGP 100 mn of products
The Damietta Furniture City Company signed its first export agreement worth EGP 100 mn with unnamed US investors, according to…
Saudi Arabian Monetary Authority to grant IDB USD 15 mn
The Saudi Arabian Monetary Authority has agreed to provide a grant of USD 15 mn to the Industrial Development Bank…
Italian investments in Egypt to reach USD 3.2 bn in 2020
INVESTMENT WATCH- Italian businesses will double their investments in Egypt to EUR 3.2 bn next year, President of the Italian…
Mansour Group to set up food and beverage JV with Egypt’s TBS
INVESTMENT WATCH- Mansour Group to set up food and beverage JV with TBS: Mansour Group is in talks with TBS…
Papermaker Fine has long-term plan to debut on Egypt’s exchange in 2023
IPO WATCH- Fine Hygienic Holding has a long-term plan to debut on the EGX by 2023, CEO James Michael Lafferty…
Legrand looks to acquire an Egyptian electric meter manufacturer
French industrial group Legrand aims to fully acquire an Egyptian company that manufactures electric meters and is currently in negotiations…
El Nasr preparing feasibility study for Dongfeng EV manufacturing project
El Nasr Automotive is preparing a feasibility study to manufacture 25k electric cars in partnership with China's Dongfeng ahead of…
Lack of funding is not the only problem facing Egypt’s manufacturers
The EGP 100 bn subsidized loan initiative will help solve the funding problem for manufacturers, but other problems remain: Government…
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