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Egypt’s textiles complex 50% complete
Construction works on the first phase of the USD 2 bn Chinese textile industrial complex in Sadat City is 50%…
MANUFACTURING-
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Central Bank of Egypt excludes retailers from EGP 200 bn SME financing initiative
The Central Bank of Egypt (CBE) has excluded retail-focused SMEs from its facilitated financing initiative in a bid to reroute…
NBE, QNB, BM consortium to arrange loan for Egypt’s Abu Qir Fertilizers
A banking consortium comprised of the National Bank of Egypt, QNB Al Ahli, and Banque Misr has pledged to arrange…
Mosaad Al Kasaby set to become new chairman for Sidi Kerir Petrochemicals
MOVES- Mosaad Al Kasaby set to become new Sidpec chairman: The Egyptian Petrochemicals Holding Company has named Mosaad Al Kasaby…
LG to invest USD 15 mn in Egypt
INVESTMENT WATCH- LG to invest USD 15 mn: LG Electronics Egypt will invest as much as USD 15 mn to…
Egypt’s pellet producers face threats from cheap imports
Local iron pellet producers have submitted requests to the Trade Ministry to impose import tariffs of at least 10% on…
Military Production Minister meets with CITIC to jumpstart solar panel industrial complex
Military Production Minister Mohamed El Assar sat down on Friday with Chinese CITIC Group’s International Operations Manager Bruce Xiao to…
Gov’t plans to step up reliance on beets for sugar production
The government is planning to increase its reliance on beets instead of water-intensive sugarcane for commercial sugar production, Egyptian Sugar…
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