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Cottonil to open 60 new branches by end of current fiscal year
Garment manufacturer Cottonil plans to open 60 new branches by the end of the current fiscal year, bringing its total…
Other Business News of Note
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Other Business News of Note
Unionaire looking to increase its capital, boost sales this year
Unionaire is looking to increase its capital to EGP 1 bn this year, up 36% from EGP 735 mn at…
IDA revokes 600 land plots from investors
The Industrial Development Authority (IDA) has revoked 600 land plots from investors who have not broken ground on their planned…
Trade Ministry requires manufacturers, importers of 10 goods including furniture, toys and eyeglass lenses to comply with Egyptian quality standards
Trade and Industry Minister Tarek Kabil issued a decision yesterday requiring manufacturers and importers of 10 goods and commodities, including…
Banking sector draws in USD 52 bn since float
Egypt’s banking sector managed to draw in some USD 52 bn since the EGP float last November, CBE Deputy Governor…
Social Solidarity Ministry signs on 180k new families to the Takaful, Karama programs
The Social Solidarity Ministry included 180k new families to the roster of Takaful and Karama beneficiaries, Minister Ghada Waly tells…
EK Holding sells 15% stake in I Squared for USD 60 mn
Egypt Kuwait Holding announced it completed the sale of the company’s 15% stake in I Squared Capital Investments for USD…
Fawry moves EGP 500 mn for e-commerce websites
Fawry processed EGP 500 mn-worth of sales for online retailers during 2Q2017, CEO Ashraf Sabry said yesterday, Al Masry Al…
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