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Stellantis to restart assembling new Jeep model locally
The company called the move a “vote of confidence” in Egypt’s infrastructure
BP to invest USD 400 mn in two new wells. PLUS: Agiba, Pickalbatros, Juba, Alexandria Port Authority, El Araby Group, carbon credits
The two wells will add a combined daily 400 mn cubic feet of gas to BP’s output
What’s next for EGX-listed Middle East Glass?
MENA Glass Holding upped its stake in EGX-listed bottle maker Middle East Glass to 93.7% last month
A look into efforts to localize Egypt’s auto industry
Efforts to localize the auto industry may be starting to bear fruit: The number of automakers looking to locally manufacture…
Kasrawy Group mulling new factory to assemble Jetour, Jac autos. PLUS: Basata + MadfoatCom, Dice + Twin Top, Saint-Gobain, Fertiglobe + Orascom Construction + Scatec, Siemens
The government is now working on allocating land for the firm to build its factory
Fertiglobe rubber stamps EUR 397 mn green ammonia offtake agreement with Germany’s H2Global. PLUS: Oil found, mystery Chinese auto company eyes Egypt, Japanese schools in the works, flight incentives
The move comes over a month after Fertiglobe was selected as the winning bidder in H2Global’s pilot auction
India is looking into setting up a USD 60 mn carbon black factory in Egypt
Local officials met with representatives from major Indian companies working in the carbon black, green hydrogen, furnishings, and automotive industries
MENA Glass nearly doubles stake Middle East Glass to c 93.7%
Stakeholders agreed to offload 25.1 mn shares in an EGP 2.8 bn transaction
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