Egypt Edition 
MENA+ Edition 
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AI + Innovation (MENA) 
Logistics (MENA) 
S&P affirmed Egypt’s sovereign credit at B/B and Fitch Ratings at B, both with a stable outlook
Good morning, friends, and welcome back from the long weekend. Today’s issue gives us some genuine bright spots to carry…
Mashreq Egypt bags ICSA award for corporate banking digitalization push
Mashreq Egypt wins digital corporate banking award for its Neo Corp platform
Korea’s H&L to set up USD 12 mn plant in Qantara
PLUS- Travco Group plans to invest USD 1.5 bn in 2026 to open ten new hotels across Egypt, Morocco, and…
Travco’s Jaz Hotel Group to open four new hotels in Egypt this month
The new hotels will add 1.6k rooms to Jaz’s portfolio
FinMin is in line for a USD 500 mn syndicated loan
PLUS- Travco Properties plans to invest EGP 50 bn to build 5k hotel units
AstraZeneca to nearly double local pill production by 2028 as part of USD 50 mn plan. PLUS: BAIC Group, Fiat + Dynamic Distribution, Capricorn, Jaz Hotel Group, Ferrum Egypt, NextEra, Makanak, Melee, City Lab
The big pharma giant also wants to localize 80% of units produced at its Egypt plant by 2028
Jaz Hotel Group to invest USD 215 mn to open six new hotels in 2025. PLUS: Pickalbatros expands hotel portfolio across Morocco
The hospitality player currently owns seven hotels across Morocco
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