• Thursday, 19 August 2021

    Israeli PM’s potential visit and car manufacturing in East Port Said keep the talking head busy

    Last night’s (limited) talk shows were largely focused on diplomacy, as Intelligence chief Abbas Kamel headed to Israel to support Egyptian efforts in the peace process with Palestine, making stops in Tel Aviv and the West Bank’s Ramallah. During yesterday’s...
  • Tuesday, 22 June 2021

    Malaysian investment coming to the SCZone?

    Malaysian investment in the SCZone? Malaysian Foreign Minister Hishammuddin Hussein yesterday discussed investing in the Suez Canal Economic Zone during talks with SCZone Chairman Yehia Zaki, cabinet said in a statement. The statement appears to suggest that Zaki pitched Hussein...
  • Sunday, 20 June 2021

    More industries qualify for export subsidies under new program

    We now have more details on the state’s new export subsidy program: Exporters in the automotive, ceramics, pharma, electronics, and chemicals industries can now enrol in the export subsidy program for the first time, under a decision approved by the...
  • Thursday, 17 June 2021

    TONIGHT: Ever Given resolution in sight? + Global shares slide after Fed announcement. ALSO: Meditate with an interactive Netflix special

    Well, friends, we’ve made it through another workweek together. We hope your weekend is full of plans to do … absolutely nothing. Or perhaps to decamp to Sahel.In the meantime: It’s another brisk afternoon of news whether your interests run...
  • Thursday, 10 June 2021

    Also on our radar on 10 June 2021

    Other things we’re keeping an eye on this morning: Some 20% of the USD 7 bn Russian Industrial Zone (RIZ) in East Port Said has been finished, representing 1 mn sqm out of the 5.25 mn sqm stretch of land...
  • Wednesday, 9 June 2021

    Of Poles, Elaraby and property taxes…

    Ain Sokhna could be home to a new Polish industrial zone spanning up to 1 mn sqm in the Suez Canal Economic Zone in the wake of an agreement signed yesterday between the SCZone and a Polish special economic zone,...
  • Sunday, 6 June 2021

    Russia wants another RIZ in latest sign of warming ties with Moscow

    Russia wants a second industrial zone in Egypt: The Suez Canal Economic Zone has received a request from Russia to establish a new Russian industrial zone in Ain Sokhna, SCZone Chairman Yehia Zaki said during a meeting with PM Moustafa...
  • Monday, 17 May 2021

    Big plans for railway manufacturing in the SCZone

    Four foreign companies have bid to partner on a facility that will produce rail cars in the Suez Canal Economic Zone (SCZone), Al Mal reports, citing sources familiar with the matter. Canada’s Bombardier, Russia’s Transmashholding, Germany’s Siemens, and South Korea’s...
  • Thursday, 1 April 2021

    Japan’s Saraya to build USD 10 mn factory complex in SCZone

    Japanese sanitizer maker Saraya is planning to build a USD 10 mn sanitizer and cosmetics factory complex in the Suez Canal Economic Zone (SCZone), according to a statement by the Egypt-Japan Business Council. The complex will serve as an export...

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