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Raya Foods eyes USD 20 mn factory to boost exports
The new factory will help the company boost exports
Redrafted Labor Act receives provisional approval from House committee. PLUS: News from Kazyon, Tez Tours, Huawei, B-Well
The redrafted bill will be sent to the cabinet for approval and then referred back to the House
Almarai expands Egypt footprint with two new EGP 1 bn production lines for subsidiary Beyti
The subsidiary is planning to up its exports proceeds to USD 50 mn in 2024, up from USD 35 mn…
Egyptian-led Moonbase Capital launches USD 15 mn search fund investment vehicle
Some 40% of the funds will go to search funds in developing markets
Delta Steel is in line for a EGP 5.5 bn upgrade
The expansion should push Delta Steel’s production capacity to 800k tons a year by October 2025
Talk shows cover the announcement of fresh tax facilities
It was all about the recently-announced package of tax facilities on the airwaves last night. Finance Minister Ahmed Kouchouk yesterday…
Adenia Partners sets up shop in Egypt
The expansion follows the USD 470 mn close of PE firm’s fifth fund
Intro Tech and Oman Data Park to establish a USD 450 mn data center
The data center will partially rely on sustainable technology
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