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Neric to produce Alexandria Metro trains + new West Port Said Port projects go live
The 38-month contract entails spare parts, equipment supplies, and a 10-year maintenance period
Gov’t pledges to settle cotton farmer dues before the end of the month. PLUS: National Authority of Tunnels, Macro Group + CHI Consumer Healthcare Investments + Enverson International
Farmers are still waiting to be paid for some 480k qintars purchased at the end of the last marketing season
US’ Progress Rail inks USD 235 mn worth of modernization, spare part, technical support agreements. PLUS: CMA CGM, Emarat Misr
The agreement includes the refurbishment of 100 diesel-electric locomotives
France’s Airbus, Servier, Societe Generale and others mull Egypt investments
Planemaker Airbus outlined plans to expand its local helicopter manufacturing and maintenance operations
El Marakby Steel is carrying out a USD 30 mn export push
PLUS- TBS Holding plans to carry out a EGP 250 mn local expansion plan over the coming three years
Who’s behind the country’s first PIPE fund?
PLUS- FRA extends AXA’s deadline for Delta Ins. takeover offer
Fawry acquires majority stake in Virtual CFO
PLUS- Twelve new national universities incoming
Budget supermarket chain Kazyon is set to fully acquire Minya’s Upper Egypt for Concentrates. PLUS: Tanmiya Capital Ventures + Vital Pharma, Bel Egypt, Pickalbatros, Bolt, Akh Gold, Erada Microfinance
The acquisition will be financed via a capital increase of an unspecified size
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