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Hassan Allam + Agility score EGP 1.5 bn CIB loan for Yanmu logistics park. PLUS: News from Volvo, MCV, Beltone, and NUCA
The 10-year loan from CIB will help fund the construction of a USD 100 mn logistics park east of Cairo
Unit of Italy’s MSC inks Tenth of Ramadan dry port contract
A consortium led by the Italian company was awarded the tender in June
EGX approves Al Ezz Dekheila delisting. PLUS: News on corn, East Port Said, Microsoft
Al Ezz Dekheila Steel plans to buy back the government’s 31% stake and delist from the exchange
GV Investments’ huge industrial project in Giza just got approved
The investment zone will include industrial, logistics, financial and business centers, and other amenities
Banque Misr’s MDI applies for digital banking license. PLUS: Cairo Metro Line 3, B.TECH + outsourcing
MDI is the first company to apply for a digital banking license
EBRD has funding for Damietta Port — and is pushing forward liberalization of our electricity grid
EBRD is also working with Egyptera on a a wheeling framework for the national electricity grid
Abu Auf to enter KSA this year? PLUS: News from the CBE, Pickalbatros
Abu Dhabi wealth fund ADQ acquired a majority stake in the Egyptian food company last year
GAFI is simplifying filing procedures. PLUS: News from SODIC, Compass Capital, Wizz Air
This is the latest move by the authority to streamline business regulations
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