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TMG mulls new project in the North Coast. PLUS: News from Telecom Egypt and the CBE
TMG’s shares rose 10.3% yesterday to close at EGP 37.5
News of more freezones + flights
MANUFACTURING- Eleven new freezones? The government has prepared a list of sites in 11 cities it plans to offer to…
Savers pour EGP 565 bn into high-yield CDs. PLUS: News from EFG Hermes, Flat6Labs, Azimut, EgyptAir
NBE has racked up some EGP 365 bn, while Banque Misr has attracted EGP 200 bn
Japan’s Yazaki kicks off construction of auto parts factory. PLUS: News from Ora Developers, Bosta, Taqa Volt.
AUTOMOTIVE- Yazaki breaks ground on auto parts factory: Japanese manufacturer Yazaki has broken ground on its EUR 30 mn auto…
Green hydrogen incentives are live
LEGISLATION- Green hydrogen incentives are officially law: President Abdel Fattah El Sisi ratified a decision putting forward a package of…
Enap Sipetrol to invest USD 70 mn on drilling wells in the Western Desert. PLUS: News from Delta Steel, Labor Ministry, Madinet Masr
Enap wants to drill four development wells and three exploratory wells in its East Ras Qattara concession
Beko’s appliance factory gets EBRD funding. PLUS: Centamin has big plans for Egypt
Beko’s home appliances factory is expected to produce 1.1 mn appliances a year
Savers pour EGP 471 bn into high-yield CDs. PLUS: Mining tender + subsea cable incoming.
Savers have poured some EGP 305 bn in CDs with NBE and EGP 166 bn with BM’s
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