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EBRD to lend USD 50 mn to copper manufacturer UMC
The loan will fund UMC’s FX liquidity for raw material imports
Suez Canal transit fees to rise next year. PLUS: News from the FRA
The government now expects canal revenues to rise by more than a third this year to USD 10.3 bn
Elsewedy and Al Kharafi grab electricity transformer station contracts
The government has EGP 7 bn project to establish nine transformer stations in partnership with the private sector
SCZone secures over USD 100 mn in Chinese textile projects + Turkish companies looking to expand here
The SCZone head and representatives met with Chinese investors yesterday during the Shanghai leg of its China roadshow
Amid rising demand, what are the challenges facing the elevator industry in Egypt?
Elevators are mostly imported, but import + FX restrictions are making local manufacturing more critical
Mansour Auto plans new factory for vehicle assembly, components manufacture
The company is set to invest USD 35 mn in the project
Orascom’s Giza plateau revamp to go live in 1Q 2024. PLUS: News from Vezeeta, TCI Sanmar and the House.
The company has completed 95% of the EGP 1 bn project
Snackmaker Edita expands frozen food segment
Edita recently doubled its capex for the year to EGP 800 mn
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