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EIPICO to set up pharma factory for EGP 1 bn
ACDIMA subsidiary the Egyptian International Pharma. Industries Company (EIPICO) is planning to set up a biosimilar production facility at a…
China’s CGCOC interested in developing Fayoum industrial zone
Chinese construction company CGCOC is interested in developing a 32 mn feddan industrial zone in Fayoum into Egypt’s first “smart…
Middle East Glass, IFC sign USD 100 mn financing agreement
Middle East Glass, IFC sign USD 100 mn financing agreement: The Middle East Glass Manufacturing Company (MEG) yesterday signed a…
Sawiris looks to acquire license for SME-focused bank in Egypt
Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt…
Teda to invest USD 320 mn in Suez Canal development projects
The Teda Investment company has signed agreements with a consortium of eight other investment firms to offer USD 320 mn…
Tecnimont bids for operations and maintenance for Kima 2 plant
Marie Tecnimont is in negotiations with Egyptian chemicals company Kima to handle operations and maintenance for Kima’s new manufacturing facility,…
Earnings watch: BdC, Domty, B Investments, NBE
EARNINGS WATCH- Banque du Caire reported a significant 221.5% jump in net profit after tax to EGP 2.5 bn in…
LG plans to invest USD 17 mn on three new production lines
LG Electronics is planning to launch three new production lines to produce refrigerators, automatic washing machines and microwaves, with total…
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