The index of the manufacturing and extractive industries “excluding crude oil and petroleum products” decreased during the month of January by about 2.66%, to reach 105.69 points, compared to 108.58 points in the previous December.
The value of Egypt's agricultural exports during the first 5 months of the 2022-2023 export season reached to USD 1.24 billion, compared to USD 907 million during the same period of the last export season, with a growth rate of 36.7%.
Suez Canal Economic Zone Authority intends to reduce port fees for container ships to attract more investments in the port and stimulate trading.
Suez Canal Economic Zone Authority assigned the process of paving internal roads at Sokhna port for three local contracting companies with a total value of EGP 6.1 billion.
The Sovereign Fund of Egypt has signed an agreement with a newly-founded local real estate firm to redevelop the Interior Ministry’s former headquarters. A Developments will invest EGP 800 mn in the project.
Small and Medium Enterprises Development Agency aims to allocate EGP 3.1 billion during 2023 to stimulate small projects.
FRA approved Eagle chemical’s offer to acquire 75-100% of PACH shares, 1 EGP higher than National Paints Holding offer. Shareholders in PACH will get a 10-day window to sell their shares to Eagle Chemicals. The mandatory tender offer (MTO) will open once the company publishes an announcement.
MFPC stated yesterday in a release that it didn't finish the melamine project’s feasibility studies yet, adding that it will seek bank loans in the financing structure.
Poultry prices witnessed a significant decline by EGP10-12/Kg since the start of Ramadan due to a decline in demand backed by the stocking up of poultry products before Ramadan.
State-owned pharma manufacturer HoldiPharma plans to build five new factories in partnership with private-sector firms. The facilities will require around EGP2.5 bn of investment.
The Japan International Cooperation Agency (JICA) will provide JPY44 bn (c. USD 36.3 mn) in concessional financing to support the rollout of the Universal Health Insurance System under an agreement signed with the Finance Ministry yesterday.
FRA is reviewing fair value studies of the state-owned Damietta and Port Said terminal operators ahead of stake sales in the two firms.
ETEL's BoD has accepted Eng. Adel Hamed’s request to be relieved from the position of Managing Director and CEO to assume a new role at the Ministry of Communications and Information Technology.
ADIB announced the issuance of the “Takka” prepaid card after receiving the CBE’s approval. The card will be issued in cooperation with “Meeza” and Abu Dhabi Islamic Consumer Finance company.
HRHO announces the completion of the eighth issuance of securitization bonds, to “Premium International”, with a value of EGP 193.7 million.