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Pico and Kufpec want to invest USD 119.5 mn in Gulf of Suez exploration. PLUS: Equinox ups stake in Rameda, UAE embassy move, power generator plant
The two companies also requested 20-year licenses for the concession
Schneider is investing EUR 8 mn in the local market before year end. PLUS: Prime, Vestas, petrochemical industry, Kharafi, Cofra, Heliopark
Schneider Electric plans to invest EUR 8 mn in the local market
More funding from the AfDB. PLUS: ICON is heading to Saudi and we’re in for Indian, and German investments
The AfDB plans to lend us USD 349 mn before the end of the year
Gas supplies to energy-intensive industries slashed by up to 30%
The move comes after gas imports fell to zero following Israel’s suspension of all gas exports to Egypt
Cement producers will up production starting tomorrow
Cement producers will be allowed to increase production by 10% in November
NSPO to spin out new A1 brand of filling stations. PLUS: News from EKH, Accor, New Alamein, and more
Samsung, GASCO, EgyptSat Auto, and Fayoum Company for Storage all receive golden licenses
Golden licenses attract mns of USD in fresh investment
Samsung is investing more than expected in a new phone assembly facility and EgyptSat Auto sees its first cars hitting…
Auto spare parts importer wants to set up car engine filter factory. PLUS: Egyptian Swiss unveils EUR 6 mn expansion plan
Sea Port wants to build a USD 30 mn car engine filter factory in Tenth of Ramadan
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