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Foreign investors ink USD 353 mn worth of industrial projects
Egypt signed three separate industrial investment agreements with companies from China, Poland, and France
THIS EVENING: Egypt signs three industrial investment agreements + NUCA is taking its first sukuk issuance to market
Good afternoon, wonderful people. We have a mixed bag of news on the local front as the week begins to…
Industry players are hoping for a fresh gov’t support package after the EGP float
Any fresh financing initiative for industry would likely see interest rates 20% higher than the last 11% package
Saint-Gobain lays the foundation for its EUR 175 mn glass factory
The project is the French company’s third glass factory in Egypt
Egypt’s clothing + textile industry is getting a boost in investments
Egypt currently has 4.2k spinning and weaving factories across the country
Egypt should set specific climate targets, boost the private sector role in combating climate change, the OECD suggests
OECD also recommends Egypt should double down on phasing out energy subsidies
Industry players are breathing a sigh of relief after the EGP float
But the higher interest rate environment is cause for concern for some
Building materials manufacturers are looking to boost compliance with EU environmental standards
The industry needs to monitor its carbon footprint and introduce CE marking, head of CBMI told us
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