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Housing Ministry to prepare list of projects for sovereign wealth fund Tharaa
The Housing Ministry is preparing a list of projects it wants to work on with Egypt’s sovereign wealth fund, Tharaa,…
Raya Trade to launch washing machine production line in 1Q2020
Raya Holding subsidiary Raya Trade is launching a washing machine production line at an unnamed local company’s factor in 1Q2020,…
Attracting FDI into the automotive sector remains a challenge, El Sisi admits
INVESTMENT WATCH- Attracting FDI into the automotive sector remains a challenge, El Sisi says: The government hasn’t been able to…
Education Ministry to allow exceptions to new school foreign ownership limits
REGULATION WATCH- Education Ministry makes concessions on school foreign ownership limits after investor pushback: The Education Ministry will consider raising…
Galina-Agrofreeze to set up EGP 80 mn fruit concentrates factory
Galina-Agrofreeze is planning to invest EGP 80 mn in a new factory to produce fruit concentrates, Chairman Abdel Wahed Soliman…
Egyptian trucking app Trella will make its Saudi debut any day now
STARTUP WATCH- Trucking app Trella will make its Saudi debut any day now: Trella, the venture-backed Egyptian trucking marketplace that…
IFC to invest USD 10 mn in electricity meter manufacturer Global Tronics
The International Finance Corporation (IFC) is considering a USD 10 mn equity investment in local electricity meters manufacturer Global Tronics,…
USA’s Exim Bank allocates USD 2 bn in funding for Egypt
US’ Exim Bank allocates USD 2 bn in funding for Egypt: The Export-Import Bank of the US has earmarked USD…
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