Monday 24 July 2017
 
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Egypt

PharmaPlast plans new factory in Egypt

Egypt-based PharmaPlast, a pharmaceutical company operating in Alexandria’s general free zone, recently announced its plans to establish a new factory in the Industrial Borg El-Arab City in 2018, said a report. The company b

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Abu Dhabi fund grants $1bn for projects in Egypt

The Abu Dhabi Fund for Development (ADFD) has provided a total of Dh4 billion ($1.08 billion) worth of grants and concessionary loans to Egypt spanning across 64 development projects, a report said. The constructive cooperation be

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Hassan Allam wins Egypt road contracts

Egypt’s state-run construction firm Hassan Allam has won a mandate to execute a number of road projects in Cairo and other governorates during the first six months of the financial year 2016/207, said a report. The projects

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Medochemie to invest $23m in Egyptian factory

Cyprus-based Medochemie, a pharmaceutical company, seeks to invest €20 million ($23.06 million) to launch a factory in Egypt, said a senior official of Industrial Development Authority (IDA). Medochemie, established in 1976 i

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Egypt to suspend visa-free entry for Qataris

Egypt has announced plans to withdraw its visa-free entry facility for Qatari nationals, said a report. The decision, which comes amid ongoing diplomatic crisis between Qatar and four Arab nations, will come into effect on July 20

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Egyptian developer launches new residential compound

Egypt-based Nile Real Estate Company has launched the first phase of its residential project in New Cairo which will see the construction of 24 housing units ranging between 133 sq m and 178 sq m in area. The Nile Park residential

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Egypt completes 13,000 social housing units

Egypt has completed the construction of more than 13,104 new residential units at New Borg El Arab City in Alexandria as part of the country’s social housing project and is currently working on 288 other housing units as well as a road n

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Egypt to get $1.25bn further IMF aid

The Executive Board of the International Monetary Fund (IMF) has approved the first review of Egypt’s economic reform programme supported by an arrangement under the Extended Fund Facility (EFF). The completion of the review allow

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Bombardier wins $4bn Cairo Metro line contract

Egypt has signed an agreement with Canadian plane and train manufacturer Bombardier to finance and construct the sixth metro line, said a report. The sixth line will stretch over 20 km parallel to the first line, with a total of 2

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Hilton names new VP for Egypt, North Africa

Hilton, one of the largest hospitality companies in the world, has announced the appointment of Mohab Ghali as vice president operations for Egypt and North Africa. In his new role, Ghali will be responsible for regional strategy

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