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What’s next for EGX-listed Middle East Glass?
MENA Glass Holding upped its stake in EGX-listed bottle maker Middle East Glass to 93.7% last month
A look into efforts to localize Egypt’s auto industry
Efforts to localize the auto industry may be starting to bear fruit: The number of automakers looking to locally manufacture…
Kasrawy Group mulling new factory to assemble Jetour, Jac autos. PLUS: Basata + MadfoatCom, Dice + Twin Top, Saint-Gobain, Fertiglobe + Orascom Construction + Scatec, Siemens
The government is now working on allocating land for the firm to build its factory
Fertiglobe rubber stamps EUR 397 mn green ammonia offtake agreement with Germany’s H2Global. PLUS: Oil found, mystery Chinese auto company eyes Egypt, Japanese schools in the works, flight incentives
The move comes over a month after Fertiglobe was selected as the winning bidder in H2Global’s pilot auction
India is looking into setting up a USD 60 mn carbon black factory in Egypt
Local officials met with representatives from major Indian companies working in the carbon black, green hydrogen, furnishings, and automotive industries
MENA Glass nearly doubles stake Middle East Glass to c 93.7%
Stakeholders agreed to offload 25.1 mn shares in an EGP 2.8 bn transaction
Pharma sector requests raw ingredient customs breaks, packaging VAT breaks. PLUS: pharma monopolies beware, Menthum + CI Capital, Palm Hills Developments, Kraft Heinz
Around 90% of the raw materials used in the pharma industry are imported
Fertilizer manufacturer Biogrand to open SAR 25 mn KSA factory in early 2025. PLUS: East Qantara Dry Port, EU trade agreement, Al Modawat Specialized Medical
The factory will be established in partnership with unnamed Saudi investors
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