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Companies line up to revive Delta Fertilizers
The company has been inactive and racking up losses over the last four years
Egypt’s first micro ins. company. PLUS: News from GAFI, NBE, Dopay, Intro Group
Post for Investments owns 51% of the company
GDP growth slowed to 2.4% in FY 2023-24
The figure represents a drop from the 3.8% growth rate recorded during the previous fiscal year
Cement production cut extended again
The cut was initially introduced for a one-year period in 2021
Poland’s Padma Art wants to set up a EUR 70 mn furniture complex in New Alamein
The complex will earmark most of its output to Arab, US, and European markets
Gov’t efforts to make state-owned land investable + USD 60 mn linen freezone
The entirety of the zone’s production will be exported
Scatec, John Cockerill, Rely, and SLB to team up on local electrolyzer manufacturing
The move comes as Egypt seeks to double down on its plan to become a green hydrogen export hub
Auto players promise significant investments in Egypt as localization push continues
Egyptian International Motors and Stellantis pledge major investments in the local auto sector
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