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PM Madbouly issues new rules for industrial land allocations
Madbouly issues new rules for industrial land allocations: Prime Minister Moustafa Madbouly has outlined new guidelines for allocating state-owned industrial…
EIPICO to set up pharma factory for EGP 1 bn
ACDIMA subsidiary the Egyptian International Pharma. Industries Company (EIPICO) is planning to set up a biosimilar production facility at a…
China’s CGCOC interested in developing Fayoum industrial zone
Chinese construction company CGCOC is interested in developing a 32 mn feddan industrial zone in Fayoum into Egypt’s first “smart…
Middle East Glass, IFC sign USD 100 mn financing agreement
Middle East Glass, IFC sign USD 100 mn financing agreement: The Middle East Glass Manufacturing Company (MEG) yesterday signed a…
Sawiris looks to acquire license for SME-focused bank in Egypt
Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt…
Teda to invest USD 320 mn in Suez Canal development projects
The Teda Investment company has signed agreements with a consortium of eight other investment firms to offer USD 320 mn…
Tecnimont bids for operations and maintenance for Kima 2 plant
Marie Tecnimont is in negotiations with Egyptian chemicals company Kima to handle operations and maintenance for Kima’s new manufacturing facility,…
Earnings watch: BdC, Domty, B Investments, NBE
EARNINGS WATCH- Banque du Caire reported a significant 221.5% jump in net profit after tax to EGP 2.5 bn in…
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