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Logistics (MENA) 
Elsewedy Electric snaps up majority stake in Thomassen Service
PLUS- La Poire eyes Saudi expansion
Redcon Construction has plans to expand its presence regionally
PLUS- Egypt plans to resume imports of 12 mn barrels of crude oil annually from Iraq starting 3Q 2025
El Sisi ratifies new Labor Law
PLUS- A EGP 1.4 bn factory for blood collection bags is in the works
TMG confirms multi-bn USD Iraqi project. PLUS: Willow Ferro, ExxonMobil,
The project is set to generate an estimated USD 17 bn in total sales
Edita eyes Gulf market entry in 2025. PLUS: Samco Holding + Ishraq Hospitality
The local snackmaker is also planning to use Morocco as an export base for West Africa
United Foundries Company eyes USD 10 mn foundry to more than double output. PLUS: Sarwa Ins. + Zamalek SC, Beyti, Hilton, Huawei, Scatec, Ostoul Capital
The company plans to explore the US markets, with around 83% of production earmarked for export
Banque Misr halts issuance of high interest CDs in wake of interest rate cut. PLUS: Grande-Sabbour + Sarat Investments, Dragon Oil, IRSC, Platformance
PLUS: Grande-Sabbour + Sarat Investments, Dragon Oil, IRSC, Platformance
Banque Misr backs the country’s first onshore private investment in public equity fund. PLUS: Arab Contractors + CSCEC, Oriental Industrial Projects
Its other backers include E-finance, CIB, Suez Canal Bank, Misr Life Ins., and Midbank
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