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Malaysia’s Proton to start producing locally made autos in early 2025. PLUS: Talgo, Aton + Ankh + Centamin, IFC + Tanmiya Capital Ventures, Fujifilm
The company plans to invest some EGP 2 bn during the first two years of production
Foreign investments in Egypt’s t-bills were up again in May for third consecutive month following EGP float
Foreign investments in Egypt’s t-bills sat at USD 37.5 bn by the end of May
Hyundai Appliances wants to set up shop in Egypt. PLUS: News from Kima and Takaful and Karama
The company yesterday inked an exclusive distribution agreement inked with Eleven Trade Corp
NBK Egypt provides financing for Sokhna container terminal. PLUS: News from Rameda, Infinity, Enara, MSMEDA
EDECS last month broke ground on the new container terminal
AfDB could help fund our 1.1 GW wind farm. PLUS: News from Ibn Sina, Palm Hills, Honor
The wind farm is slated to start commercial operations in late 2027
Egypt launches USD 660 mn ethane gas import company. PLUS: News from Banque du Caire, Tourism Ministry,
The company aims to import 1.1 mn tons of liquefied ethane gas a year
Contact Financial is setting up an ins. consultancy firm. PLUS: News from Banque Misr, Visa, Misr Ins., Emaar Misr
The firm will have an initial capital of EGP 10 mn and will provide comprehensive ins. services
Gov’t wants to set up a pharma raw material hub. PLUS: News from OPay, Telecom Egypt, Madinet Masr
The hub will aim to meet local market needs and regional exports
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