• Tuesday, 22 December 2020

    Also on our radar on 22 December 2020

    TE, Orange Egypt clear up commercial disputes + extend cooperation on transmission services: State-owned landline monopoly Telecom Egypt signed agreements with Orange Egypt to clear unspecified “commercial disputes” and establish a framework for future conflict resolution, according to a cabinet...
  • Tuesday, 17 November 2020

    Chinese clothes maker Handa’s Sharqiya factory to go live in 2021

    Chinese clothing manufacturer Handa has completed its USD 20 mn clothing factory in Sharqiya and plans to start production in February 2021, a Chinese embassy official told Al Mal. Company director Han Chen said last year that the Hong-Kong-based company...
  • Thursday, 22 October 2020

    Diplo + Foreign Trade on 22 October 2020

    Egypt, Greece, and Cyprus are inviting Turkey in from the cold to collaborate on exploiting the eastern Mediterranean’s gas resources provided it put an end to its “aggressive” actions towards its neighbors, the Associated Press reports. The trio did not...
  • Monday, 17 August 2020

    Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK

    EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from EGP 12.9 mn in 2Q2020, according to a company earnings release (pdf). Revenues rose 5.6% during the three-month period to...
  • Tuesday, 14 July 2020

    National Bank of Egypt arranges EUR 540 mn loan for Spinning and Weaving holding co.

    The National Bank of Egypt has arranged a EUR 540 mn loan for state-owned Holding Company for Spinning and Weaving from two unnamed Italian and Swiss banks, Public Enterprises Minister Hisham Tawfik tells Al Mal. Italy’s export credit agency SACE,...
  • Sunday, 12 July 2020

    Cotton and Textile Industries Co. signs EGP 780 mn agreement with Misr Spinning and Weaving for cotton spinning factory

    State-owned Cotton and Textile Industries Company has signed a EGP 780 mn agreement with Misr Spinning and Weaving Company after being awarded with the tender to develop a cotton spinning factory in Mahalla Al-Kubra, according to a cabinet statement. The...
  • Wednesday, 29 April 2020

    Egypt’s garments exports fall in 1Q to USD 372 mn

    Egypt's garments exports dipped 8% y-o-y in 1Q2020 to USD 372 mn, according to a Textiles Export Council report picked up by Mubasher. Despite the decline, the US remained Egypt's top export market, accounting alone for USD 206 mn-worth of...
  • Sunday, 1 March 2020

    Egypt in the News on 1 March 2020

    It’s a quiet morning in the foreign press: Writing in the Washington Post, Ezzedine Fishere calls last month’s decision to ban public performances of mahraganat part of a “campaign of cultural discipline” that seeks to erase expression that challenges the...
  • Wednesday, 26 February 2020

    Hardhat: East Port Said Industrial Zone

    In this week’s edition of Hardhat, Enterprise had a chat with East Port Said Development’s (EPD) commercial director Shahira El Fiky after news that Banque Misr has signed a partnership agreement with EPD to work with companies at the high-profile...

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