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Distributors of electric motors have six months to comply with new efficiency standards
Importers and assemblers of electric motors will be required to adhere to new energy efficiency and testing standards under guidelines…
Al Ezz Dekheila Steel reports EGP 1.2 bn losses in 2Q2020
EARNINGS WATCH- Al Ezz Dekheila Steel (EZDK) reported consolidated net losses of EGP 1.2 bn in 2Q2020, compared to EGP…
Is the government exempting factories from property tax?
Are factories getting the real estate tax break they’ve been hoping for? Industry could be getting a leg up from…
Edita Food Industries to receive EGP 105 mn loan from Arab Bank
Edita Food Industries signed a medium-term loan worth EGP 105 mn with Arab Bank to finance a new production line,…
Foreign companies invited to bid in tender for manufacturing tablets
International hardware manufacturers will get the chance to manufacture tablet computers in Egypt in a forthcoming government tender. Cabinet said…
Steel demand plummets on covid-19, gov’t construction ban
Steel demand plummets on covid-19, gov’t construction ban: The government’s decision to place a six-month ban on construction permits is…
Gov’t turns to customs breaks to spur EV revolution
Gov’t turns to customs breaks to spur EV revolution: The government is cutting to 10% the total value of local…
Who’s in the market for debt: Rooya + Egypt Kuwait Holding’s Nile Wood
The National Bank of Egypt (NBE) and Egypt Kuwait Holding’s (EKH) Nile Wood have signed a EGP 794 mn loan…
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