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IFC to provide USD 30 mn in financing to glass maker Pasabahce Egypt
The International Finance Corporation (IFC) is lending USD 30 mn to the Egyptian arm of Turkish glassmaker Pasabahce to help…
CTP Invest to build USD 600 mn worth of business parks in Egypt
European industrial developer CTP Invest plans to invest USD 300-600 mn in Egypt over the next five years, according to…
A busy day in the House
The House of Representatives was busy yesterday pushing through new bills, granting final and committee-level nods to others and signing…
What will it take to get electric cars on the road?
Infinity Solar subsidiary Infinity-E will install 300 electric car charging docks across Egypt by 2023 as part of an ongoing…
Auto component industry feels the covid burn
Sales of auto components fell 20-30% in 2020 as the pandemic caused a slowdown in the domestic auto assembly industry,…
An industrial shake-up?
Egyptian policymakers need to shake up the country’s industrial sector and put into place a new industrial policy to kickstart…
Plan to overhaul state-owned enterprises hits the House
Tawfik outlines SOE overhaul plan for parliament: The Public Enterprises Ministry is looking to streamline state-owned spinning and weaving companies…
Hala wallah
The upcoming sale of military-owned Wataniya Petroleum is attracting more attention from GCC oil and gas companies, the local press…
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