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Egypt’s furniture exports post $161m in 8 months
Egypt's furniture exports rose by 19% year-on-year (YoY) to $161.413 million during the first eight months of 2021, compared to $136.154 million, according to local press.
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EBRD boosts youth participation in Egyptian economy
The European Bank for Reconstruction and Development (EBRD) is increasing economic opportunities in Egypt by collaborating with Hyundai Rotem to offer certified training to 80 unemployed young people.
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SODIC signs EGP 1.57bn syndicated facility with Arab African Bank, Banque Misr
Six of October Development and Investment (SODIC) signed a long-term syndicated facility worth EGP 1.57 billion with Arab African International Bank (AAIB) and Banque Misr (BM) to finance the…
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Egypt will be listed on JP Morgan emerging bond index late January 2022
Egypt is set to enter JP Morgan’s emerging market government bond index starting on Jan. 31, the investment bank said in a research note.
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Egypt’s sovereign fund inks green hydrogen deal with Scatec, Fertiglobe
The Sovereign Fund of Egypt (TSFE) signed an agreement with Norway's Scatec and Fertiglobe plc to develop a 50-100 megawatt (MW) green hydrogen facility as feedstock for green ammonia production.
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Orascom Construction consortium to build 500 MW wind farm in Egypt
A consortium, including Orascom Construction PLC and Toyota Tsusho Corporation, has signed a 20-year agreement with the Egyptian Electricity Transmission Company (EETC) to develop and operate a 500 MW…
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Forbes named Suez Canal Authority second largest logistics firm in MENA
Suez Canal Authority (SCA) has been chosen by Forbes among the top 10 largest logistics companies in the MENA region.
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Ain Sokhna Port is getting additional investment from Emirati port giant DP World
Ain Sokhna Port is getting additional investment from Emirati port giant DP World and CDC Group, the UK government’s development finance arm.
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Fawry makes its first step in expanding into Africa, starts with Sudan
Fawry has finalized an unspecified investment in Sudan’s largest online classifieds platform and marketplace, acquiring an undisclosed strategic minority stake in Alsoug.com / Cashi’s holding company
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Orascom Development’s real estate sales jumped 43.4% to EGP 6.2bn in 9M
Orascom Development Egypt (ODE) has announced its preliminary real estate and hotels’ key performance indicators (KPIs) for the third quarter (Q3) of 2021.
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