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Gov’t targeting 50% vaccine localization by 2030. PLUS: Flydubai, E-finance + Cassava, Ezz Steel
The government is also targeting vaccine manufacturing self-sufficiency by 2040
New leadership for Egypt’s media authorities. PLUS: Sanofi taps new managing director
Fresh faces to lead Egypt’s media authorities: President Abdel Fattah El Sisi has issued decrees changing up the leadership of…
Al Mashat meets with EU delegation to discuss unlocking EUR 1.8 bn investment guarantee mechanism
The investment guarantees were first announced back in March as part of the bloc’s EUR 7.4 bn aid package for…
Hassan Allam Properties buys 110K sqm of El Gouna from Orascom Development for USD 37.4 mn. PLUS: Allianz Egypt, Tadweer, Chefaa, Luna, Didi
The sale is expected to attract investments in El Gouna’s infrastructure, amenities, and facilities
Macro Group sees an uptick in 3Q net income after a difficult 9M. PLUS: Al Baraka Bank’s net income up 51.9% y-o-y in 3Q
Macro’s revenues also fell 46% y-o-y to EGP 319 mn
Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC
The supermarket chain tapped into the Saudi market in February with a 50% stake purchase of discount retailer Dukan
Memphis Pharma taps Tarek Mahrous as interim CEO
Memphis Pharma has a new CEO: The drug manufacturer appointed board member Tarek Mahrous Salman as acting CEO after its…
Sumitomo Electric’s pigtail cable factory in Tenth of Ramadan nears completion
Sumitomo Electric has invested some EUR 22 mn in the factory
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