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Petrojet secures USD 1 bn contract to develop Algerian oil field
PLUS- Middle East Glass’ general assembly approved the merging of three of its subsidiaries into the company
Chinese players to set up four new textile projects worth a combined USD 65 mn
PLUS- Agro Green For Exporting Agriculture Crops inaugurated a EGP 300 mn factory in Dakahlia
Siemens to set up high-speed train car factory?
PLUS- Trial operation of the first line of the Alamein–Sokhna high-speed railway will kick off next month
National Bank of Egypt opens its first Saudi branch
PLUS- Hassan Allam Construction will build a new 305-feddan luxury development under a USD 550 mn turnkey contract
Infinity Fabric to set up USD 15 mn factory
PLUS- European Investment Bank is mulling a USD 38 mn equity investment into the EU-Egypt Tanmiya Growth Fund II
Gov’t extends subsidized loan program to support industry, agriculture, renewables
Loans offered under the program will come at a 15% interest rate
More cement production licenses incoming?
PLUS- CIB is planning to apply for a digital banking license early next year
Gov’t grants new exemption periods from delay penalties and fees for under-construction factories
The exemption period will come into effect once approved
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