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Gov’t settles customs payment dispute with Mercedes importer in Egypt
Gov’t settles EGP 700 mn customs dispute with Mercedes importer: The Madbouly Cabinet’s investment dispute resolution committee has settled a…
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Mercedes to resume Egypt assembly “soon”, senior exec says
Mercedes-Benz could soon resume the assembly of passenger cars in Egypt after a years-long hiatus, production chain boss Markus Schaefer…
Egypt’s Nassef Sawiris sells shares in Switzerland’s LafargeHolcim
Nassef Sawiris sells USD 68 mn of shares in LafargeHolcim: Nassef Sawiris sold off USD 67.5 mn-worth of shares he…
Beshay Steel subsidiary seeking EGP 3.5 bn loan from local banks
Egyptian Sponge Iron and Steel (ESIS), a subsidiary of Beshay Steel, is holding talks with a number of local banks,…
Egyptalum estimates expansion project at EGP 13.9 bn
Egypt Aluminum (Egyptalum) has revised to EGP 13.9 bn its cost estimation for a planned capacity expansion project, the company…
Al Ahram Security Group partners with Italian investors for door accessory company
Al Ahram Security Group is setting up a JV with unnamed Italian investors to establish a EGP 750 mn door…
El Araby to develop logistics zones across four Egyptian cities
El Araby Group subsidiary El Araby Company for Trading and Manufacturing is developing logistics zones in four different cities, New…
Indian Lava to begin manufacturing phones in Egypt before year-end
Indian smartphone manufacturer Lava will begin producing phones in Egypt, in partnership with the Military Production Ministry, before year-end, CEO…
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