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A deeper dive into the private sector minimum wage
The gov’t recently hiked private sector minimum wage by 11%
Chinese firms to produce wearable tech in the SCZone. PLUS: OIH exits Brazil, local pharma player enters KSA
MANUFACTURING- Chinese firms to produce smart tech in the SCZone: Chinese tech firms will produce wearable tech at a new…
PHD to expand Palm Hills October after acquiring new land plot. PLUS: More Chinese investment?
The real estate developer expects to draw EGP 85 bn in sales proceeds from the plot over a 5-7-year period
Snackmaker Edita lands USD 45 mn loan from the IFC to fuel growth
The loan will support the company’s working capital, fund fresh capex, and help it settle a previous loan from the…
Is Egypt becoming a regional hub for smartphone production? Part 2
Local production is picking up thanks to incentives — as well as prohibitive conditions surrounding imports
Eva Pharma inks agreement for Saudi pharma complex
The complex will include a research and development center and five pharma factories
Kandil Steel borrows USD 25 mn from IFC amid industry headwinds
The money will help the company pay for raw materials and maintain production amid the FX crunch and soaring inflation
An aluminum news dump + Belcash is now Seven
Aluminum Bahrain and Emirates Global Aluminum are both interested in expanding in Egypt, according to the ministry
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