• Sunday, 19 March 2023

    Four companies open new logistics zones, factories in SCZone

    New logistics zones, factories in the SCZone: Mercedes-Benz, local shipping firm Kadmar and two Chinese companies inaugurated new logistics zones and factories in the Suez Canal Economic Zone on Thursday.#1- New Mercedes hub to handle 12k cars annually: Mercedes-Benz opened...
  • Thursday, 9 February 2023

    Sri Lanka’s LOLC wants to expand in Egypt

    Yesterday in M&A: A Sri Lankan financial services conglomerate that established a presence in Egypt last year wants to make new acquisitions, and Nilex-listed medical supplier ICMI has signed a purchase agreement to acquire a textile company.LOLC WANTS MORE LOCAL...
  • Monday, 6 February 2023

    AAIB could exit Palm Hills in stake sale to Emirati investor

    Yesterday in M&A: Palm Hills’ second-largest shareholder could be about to sell its entire stake to an Emirati investor. Also yesterday, International Company for Medical Industries shareholders greenlit proposals to acquire a majority stake in a Mansoura-based textiles company.AAIB ON...
  • Sunday, 21 August 2022

    Textiles and garment manufacturers weigh in on privatization

    What do textile and garment manufacturers think of the state’s privatization plan? As part of its state ownership policy document, the government is currently looking to exit the textile and garments industry as it aims to transform the sector into...
  • Wednesday, 3 August 2022

    On the airwaves last night: The crisis facing the automotive industry + the US-China row over Taiwan

    Divergent views on the causes of the current issues facing the Egyptian auto industry were on display on Al Hayah Al Youm last night, when Mohamed Sherdy spoke to YouTuber Essam Ghanayem and head of the car traders’ federation Osama...
  • Wednesday, 22 June 2022

    It’s been a big week for diplomacy

    Egypt-Qatar business ties continue to grow: Trade and Industry Minister Nevine Gamea invited Qatari companies to visit Egypt to discuss potential investments during talks in Doha this week that saw the two sides revive a joint business council eight years...
  • Tuesday, 12 October 2021

    Dreamland no longer has beef with the government + branded cotton exports coming soon

    Dreamland no longer has beef with state-owned banks: Conglomerate Bahgat Group’s Dreamland Egypt has reached a settlement agreement with state-owned National Bank of Egypt and Banque Misr after years of lawsuits and arbitration proceedings between both sides that ended in...
  • Monday, 14 June 2021

    Pioneers, Arab Dairy report higher net income in 1Q2021, Kabo narrows losses

    EARNINGS WATCH- Pioneers Holding net income inched up to EGP 299.6 mn in 1Q2020, up 10.4% y-o-y from EGP 271.3 mn in 1Q2021, according to the company’s earnings release (pdf). Revenues also climbed 18% over the first quarter of 2020...
  • Sunday, 24 January 2021

    Plan to overhaul state-owned enterprises hits the House

    Tawfik outlines SOE overhaul plan for parliament: The Public Enterprises Ministry is looking to streamline state-owned spinning and weaving companies by merging nine companies into one mega-entity with seven ginning facilities under its purview, Minister Hisham Tawfik said in his...

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