{"id":590855,"date":"2023-07-26T00:00:00","date_gmt":"2023-07-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/"},"modified":"2023-07-26T00:00:00","modified_gmt":"2023-07-26T00:00:00","slug":"this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/","title":{"rendered":"THIS EVENING: Singapore\u2019s Indorama has its eyes on investing in Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Happy almost-THURSDAY, wonderful people.<\/strong> It may have been an abridged workweek, but we\u2019re very much looking forward to the upcoming weekend (Sahel exodus notwithstanding). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY TODAY<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Singapore-based chemical company <\/strong> <strong><a href=\"https:\/\/www.indorama.com\/\" style=\"\">Indorama<\/a><\/strong> <strong> is looking at potential<\/strong> <strong> investments in Egypt<\/strong>, including in mining, industry, fertilizers, phosphate extraction, renewable energy, and medical fibers, as per an MoU the company signed with the Sovereign Fund of Egypt today, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02nocnMLiUZrqr9ENJ5bQeksgyvb8FdMeZScKVQyAz8oK4ojpGfbTtwMV1cNDRviFxl\" style=\"\">cabinet statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NatWest Group\u2019s CEO\u2019s resignation has been leading the conversation in the<\/strong> <strong>international business press.<\/strong> Alison Rose decided to step down from her position as Natwest Group CEO in light of her discussing with a BBC journalist the relationship between Nigel Farage \u2014 a former leader of the UK\u2019s Independence Party and a Brexiteer \u2014 and Coutts bank. The issue had come to light when Farage had noted that his Coutts bank account, which falls under the NatWest Group, had been closed and no explanation to the action was given. <a href=\"https:\/\/www.reuters.com\/business\/finance\/natwest-board-backs-ceo-alison-rose-over-farage-account-row-2023-07-25\/\" style=\"\">Reuters<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/uk-66309080\" style=\"\">BBC<\/a> | <a href=\"https:\/\/www.ft.com\/content\/24982b65-3403-47c2-b062-7a596a737a49\" style=\"\">Financial Times<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING NOW-<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>President Abdel Fattah El Sisi landed in St. Petersburg today to attend the two-day<\/strong> <strong> Russia-Africa summit<\/strong>, according to an <a href=\"https:\/\/bit.ly\/3YaBEGt\" style=\"\">Ittihadiya statement<\/a>. El Sisi is expected to hold talks with Russian President Vladimir Putin, and is also reportedly set to be meeting with Ethiopian PM Abiy Ahmed, who <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a70fe3ef-254a-41e4-8335-5db25860d457\" style=\"\">last week agreed with El Sisi<\/a> to accelerate efforts to find a solution to the long-running dispute over the Grand Ethiopian Renaissance Dam. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>: <\/p>\n<ul>\n<li><strong>IMF holds Egypt growth outlook: <\/strong> The IMF <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db88caa3-3c4b-4a6a-b81c-f91cd46d3e2c\" style=\"\">left its 2023 growth forecast for Egypt unchanged<\/a> in its latest projections released alongside its updated World Economic Outlook. The Fund is still expecting growth to slow to 3.7% this year from 6.6% in 2022. <\/li>\n<li><strong>The Big Two introduce new USD CDs:<\/strong> State-owned banks Banque Misr and the National Bank of Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f565556-4988-49bb-9a64-3228d9d46e59\" style=\"\">will today launch two new USD certificates of deposit<\/a> as they look to shore up reserves of hard currency. <\/li>\n<li><strong>We now know who snapped up a significant minority stake in Taqa Arabia this week: <\/strong> The military\u2019s National Service Projects Organization(NSPO) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08d5f7ed-6d80-4f83-a036-5d906b919741\" style=\"\">acquired a 20% stake in recently-listed Taqa Arabia for EGP 1.6 bn<\/a> this week. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 <\/strong> <strong>September at the St. Regis Hotel in Cairo. <\/strong> This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a href=\"https:\/\/finance.enterprise.news\/\" style=\"\">TAP OR CLICK HERE<\/a><\/strong> <strong> if you want to express interest in attending. <\/strong> We\u2019ll be sending out the first batch of invitations soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Do you want to become a commercial partner?<\/strong> Ping a note to <a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa Taalab, our head of commercial<\/a>, or fill out <a href=\"https:\/\/finance.enterprise.news\/sponsor.html\" style=\"\">this form<\/a> and we\u2019ll be in touch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>STAY TUNED for more detail <\/strong> about our agenda. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? <\/strong> <strong><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\">Tune in to the Enterprise Podcast and listen for yourself<\/a><\/strong> <strong>:<\/strong> The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum, which took place in May. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WANT TO LISTEN? Head to: <\/strong> <a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/how-to-become-part-of-a-multinationals-supply-chain\/id1617987136?i=1000622000939\" style=\"\">Apple Podcast<\/a> | <a href=\"https:\/\/open.spotify.com\/episode\/57zbwQADGdOo5cMf37jSzM\" style=\"\">Spotify<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/MDUwOTc0ZGUtZGViOS00Zjc4LTliZGQtYjA0NzAxMGExMTUw?sa=X&ved=0CAUQkfYCahcKEwjA4YO_qKWAAxUAAAAAHQAAAAAQAQ\" style=\"\">Google Podcast<\/a> | <a href=\"https:\/\/play.anghami.com\/episode\/1118757834\" style=\"\">Anghami<\/a>. <strong>We\u2019re releasing a new episode every Sunday morning.<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THIS WEEK\u2019S EPISODE- <\/strong> We ask some of the biggest multinationals and suppliers operating here \u2014 namely, in logistics, e-commerce, and FMCG \u2014 what it is they\u2019re looking for in a local partner, product or service and what are some of the pain points they\u2019ve had to cope with. We were joined on that panel by <strong>Khaled Morsy<\/strong>, CEO of DB Schenker Egypt, <strong> Omar Elsahy<\/strong>, General Manager at Amazon Egypt, <strong>Tarek Kame<\/strong> l, Chairman and CEO of Nestl\u00e9 Egypt and Sudan. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n     Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n    <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>   <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n  <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong> <strong>TOMORROW\u2019S WEATHER- <\/strong> The mercury will be going up a notch reading 41\u00b0C in the daytime and cooling to 27\u00b0C come night time, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy almost-THURSDAY, wonderful people. It may have been an abridged workweek, but we\u2019re very much looking forward to the upcoming weekend (Sahel exodus notwithstanding). THE BIG STORY TODAY Singapore-based chemical company Indorama is looking at potential investments in Egypt, including in mining, industry, fertilizers, phosphate extraction, renewable energy, and medical fibers, as per an MoU [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":590856,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[633,10904,125,370,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-indorama","tag-investment-watch","tag-sovereign-fund-of-egypt","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"66973b06-4b56-4cb5-9d73-e7a0ac5e7419","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/1\/201.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[590853],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.73d4ef19-eb54-4622-aec0-b438e84ce38d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: Singapore\u2019s Indorama has its eyes on investing in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Singapore\u2019s Indorama has its eyes on investing in Egypt\" \/>\n<meta property=\"og:description\" content=\"Happy almost-THURSDAY, wonderful people. It may have been an abridged workweek, but we\u2019re very much looking forward to the upcoming weekend (Sahel exodus notwithstanding). THE BIG STORY TODAY Singapore-based chemical company Indorama is looking at potential investments in Egypt, including in mining, industry, fertilizers, phosphate extraction, renewable energy, and medical fibers, as per an MoU [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-26T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/201.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: Singapore\u2019s Indorama has its eyes on investing in Egypt\",\"datePublished\":\"2023-07-26T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/\"},\"wordCount\":697,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/201.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"Indorama\",\"investment watch\",\"Sovereign Fund of Egypt\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/\",\"name\":\"THIS EVENING: Singapore\u2019s Indorama has its eyes on investing in Egypt - 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It may have been an abridged workweek, but we\u2019re very much looking forward to the upcoming weekend (Sahel exodus notwithstanding). THE BIG STORY TODAY Singapore-based chemical company Indorama is looking at potential investments in Egypt, including in mining, industry, fertilizers, phosphate extraction, renewable energy, and medical fibers, as per an MoU [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-07-26T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/201.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS EVENING: Singapore\u2019s Indorama has its eyes on investing in Egypt","datePublished":"2023-07-26T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/"},"wordCount":697,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/201.jpg?fit=%2C&ssl=1","keywords":["EnterprisePM","Indorama","investment watch","Sovereign Fund of Egypt","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/this-evening-singapores-indorama-has-its-eyes-on-investing-in-egypt\/","name":"THIS EVENING: Singapore\u2019s Indorama has its eyes on investing in Egypt - 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PLUS: EgyptAlum, valU and a USAID-backed entrepreneurship initiative","author":"enterpriseam admin","date":"27 July 2023","format":false,"excerpt":"The company signed an MoU with the Sovereign Fund of Egypt yesterday","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1123.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627950,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/19\/thailands-indorama-signs-acquisition-agreement-with-indias-dhunseri-for-eipets-ain-sokhna-facility-50-stake-in-eipet\/","url_meta":{"origin":590855,"position":1},"title":"Thailand\u2019s Indorama signs acquisition agreement with India\u2019s Dhunseri for EIPET\u2019s Ain Sokhna facility, 50% stake in EIPET","author":"enterpriseam admin","date":"19 June 2018","format":false,"excerpt":"M&A WATCH- Thailand\u2019s Indorama to acquire for 50% stake in EIPET from India\u2019s Dhunseri: Indorama Netherlands BV, an indirect subsidiary of Thailand\u2019s Indorama Ventures, signed on Thursday an agreement with India\u2019s Dhunseri Petrochem to acquire a chunk of the Egyptian Indian Polyester Company\u2019s (EIPET) polyethylene terephthalate (PET) plant in Ain\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621693,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/15\/thailands-indorama-acquires-74-of-bottle-maker-medco-plast-in-egp-843-mn-transaction\/","url_meta":{"origin":590855,"position":2},"title":"Thailand\u2019s Indorama acquires 74% of bottle maker Medco Plast in EGP 843 mn transaction","author":"enterpriseam admin","date":"15 November 2018","format":false,"excerpt":"M&A WATCH- Thailand\u2019s Indorama acquires 74% of Medco Plast in EGP 843 mn transaction: Thailand\u2019s Indorama Ventures bought 74% of Egypt Medco Plast for Packing and Packaging Systems for EGP 843 mn, it said in a statement.What does Medco do? Medco makes some 70k metric tons of polymer PET preform\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624583,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/13\/erdogan-appoints-himself-manager-of-turkeys-sovereign-wealth-fund\/","url_meta":{"origin":590855,"position":3},"title":"Erdogan appoints himself manager of Turkey\u2019s sovereign wealth fund","author":"enterpriseam admin","date":"13 September 2018","format":false,"excerpt":"Egypt: \u201cWe\u2019re hiring a manager for our new wealth fund.\u201d Turkey: \u201cHold my beer.\u201d (From Bloomberg: \u201cPresident Recep Tayyip Erdogan appointed himself chairman of Turkey\u2019s sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction.\u201d)","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/222.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605376,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/singapore-chemicals-firm-to-invest-usd-700-mn-in-2-factories-plus-news-from-bp-orascom-construction-aibank-glamera-and-waterway-developments\/","url_meta":{"origin":590855,"position":4},"title":"Singapore chemicals firm to invest USD 700 mn in 2 factories. PLUS news from BP, Orascom Construction, aiBank, Glamera, and Waterway Developments.","author":"enterpriseam admin","date":"30 August 2023","format":false,"excerpt":"PLUS: BP to drill four exploratory gas wells in the Mediterranean before the end of the year","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1424.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":670362,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/18\/gulf-sovereign-fund-set-to-announce-new-ras-shukeir-project\/","url_meta":{"origin":590855,"position":5},"title":"Gulf sovereign fund set to announce new Ras Shukeir project","author":"enterpriseam admin","date":"18 August 2025","format":false,"excerpt":"Good afternoon, friends. It\u2019s a calm day on the news front, and we\u2019ve got a rather brisk issue for you today. THE BIG STORY TODAY- A Gulf sovereign fund is set to announce a new Ras Shukeir project, with a focus on infrastructure and energy development, according to a Finance\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/682.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=590855"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590855\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/590853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590856"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590855"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590855"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}