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Sidpec to set up a USD 159 mn sodium cyanide factory + DP World to look into setting up a freezone in the new capital
Sodium cyanide is the solution commonly used for gold extraction
A new investment zone, a new industrial zone and more approved by the cabinet
Cabinet approved the establishment of a new integrated investment zone in Abu Rawash
Gov’t efforts to make state-owned land investable + USD 60 mn linen freezone
The entirety of the zone’s production will be exported
Tax reform, new incentive packages, new labor council, and more from Madbouly’s post-cabinet meeting presser
Egypt will subscribe to 414 shares in the EBRD’s capital increase
Gov’t continues to crack down on strategic commodities hoarding
Rice, sugar, blended oil, fava beans, white cheese, milk, and pasta will continue to be designated as strategic commodities
No more power cuts, more investments, and more from Madbouly’s latest presser
Our natural gas output will return to normal levels before June 2025
Cabinet approves over EUR 1 bn in EU funding
Some EUR 1 bn of the funds will go towards macro-financial assistance
Executive regs to hospital privatization and more received the greenlight from the cabinet
President Abdel Fattah El Sisi ratified the hospital privatization bill back in June.
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