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Our Manufacturer of the Month: Oriental Weavers
Oriental Weavers exports some 70% of its products to major retailers including Ikea and Walmart.
Competition watchdog alleges aluminum price-fixing. PLUS: News from Thales, Orascom, Maersk, EgyptAir, Kronospan, and HEDG.
COMPETITION- Competition watchdog sues 14 aluminum firms, alleging price fixing: The Egyptian Competition Authority (ECA) has filed charges against 14…
Cabinet approves USD 500 mn Samurai bond sale — and news on green hydrogen, too
Cabinet provided no details about when the issuance could go to market
Singapore chemicals firm to invest USD 700 mn in 2 factories. PLUS news from BP, Orascom Construction, aiBank, Glamera, and Waterway Developments.
PLUS: BP to drill four exploratory gas wells in the Mediterranean before the end of the year
BP to invest USD 3.5 bn in Egypt in 3 years. PLUS: latest on Middle East Glass, Cairo-Tokyo flights + new education visas
BP CEO Bernard Looney held talks with President Abdel Fattah El Sisi yesterday
Someone has eyes for Middle East Glass. PLUS: Big Network International investment and news from Mashreq, Ethydco, Somabay, Quintessentially, and the banking industry
Unnamed investors are offering to acquire Gulf Capital’s 37% stake in the glass manufacturer
New industrial incentives + GERD talks dominate talk show coverage
Last night on the airwaves: A fresh package of incentives for industrial projects, the EGX30’s record-breaking performance yesterday, GERD, and…
El Sisi announces fresh measures to support manufacturing activity + Russian, Chinese manufacturers to invest in new plants in Egypt
Industrial projects in priority sectors will get a five-year exemption from most taxes
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