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Egypt Hydrocarbon signs USD 550 mn ammonia plant pact with Maire Tecnimont
The Egypt Hydrocarbon Corporation has signed a USD 550 mn agreement with Maire Tecnimont to set up an ammonia plant…
USD 1 bn phosphoric acid plant in Abu Tartour is nearing the start of construction
Phosphate Misr is expected to sign within days the final funding contracts with investors ahead of beginning construction on its…
What we’re tracking on 3 May 2020
Welcome to the month of May, ladies and gentlemen. Pandemic or not, we’re sprinting toward summer and … staycations? It’s…
Raya’s BariQ peaks interest of foreign, local investors
M&A WATCH- Raya’s BariQ piques foreign, local investors’ interest: Several unnamed investors have expressed interest in Raya Holding’s recycled plastic…
Futek to open LED lamp factory in Sadat City in 2 months
Lighting products manufacturer Futek Micro Electronics is on track to inaugurate a EGP 500 mn LED lamps factory in Sadat…
Egypt’s Suez Canal Economic Zone proposes new investor incentives
The Suez Canal Economic Zone (SCZone) has handed over a proposal to the Madbouly Cabinet to introduce new or improved…
The weekend in macro: Euro PMIs continue to crash, EMs could face deeper recession, diaspora bonds
The Weekend in Macro: Surprising no-one, European flash PMIs suggest horrific contraction in April: The IHS Markit Flash Eurozone Composite…
Egypt was considering new cement, steel licenses despite supply glut
Was the gov’t considering new cement licenses in FY2020-21? The government was planning to license new cement producers starting July…
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