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L’Oréal targets producing 80 mn packs of makeup in 2018
L’Oréal Egypt is targeting producing 80 mn packs of makeup and other cosmetics for local distribution and exports to North…
Other Business News of Note
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Other Business News of Note
Oriental Weavers targets 8% export revenue growth in 2018
Oriental Weavers is targeting 8% growth in its export revenues in 2018, according to a bourse filing (pdf). The target…
Eastern Company’s board approves capital increase through bonus share issuance
Eastern Company’s board of directors has approved a decision to increase the company’s paid-in and issued capital by EGP 750…
First idle factory to receive EGP 10 mn in funding soon
Misr Capital Ventures is preparing to begin funding the first idle factory on its list, board member and former CEO…
Gov’t establishes specialized investment zone in Damietta
Prime Minister Sherif Ismail issued a decision yesterday establishing a specialized investment zone in Damietta for furniture manufacturing and related…
Federation of Egyptian Chambers of Commerce to set up holding company by year’s end
The Federation of Egyptian Chambers of Commerce will set up a holding company to manage logistics zones and commodities exchanges…
Investment Ministry, Lawyers’ Syndicate sign agreement to provide legal services to investors
Investment Minister Sahar Nasr signed yesterday an agreement with the Lawyers’ Syndicate to provide legal services to investors online and…
Flat6Labs plans to reach second financial close on EGP 100 mn fund this year
Flat6Labs is planning to close on its EGP 100 mn Flat6Labs Accelerator Company (FAC) fund by year’s end, which will…
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