Dr. Greiche Group announces a new EGP 500 million investment to build a high-tech automotive glass complex in 10th of Ramadan City, aligning with Egypt’s national strategy to localize advanced industries and reduce the domestic production gap.

Kuwait’s Al Mulla Group is negotiating with Mitsubishi International Corporation (MIC) to manufacture cars in Egypt.

Sidi Kerir Petrochemicals Company (Sidpec) intends to establish a hydrogen-powered plant with a capacity of 14 megawatts in 2025.

Gold Era Egypt, a producer of gold bars and coins, is set to begin operations at its new EGP 1 billion gold manufacturing facility in the first quarter (Q1) of 2025.

Abu Dhabi Islamic Bank - Egypt’s (ADIB Egypt) general assembly approved obtaining subordinated financing worth $66.925 million from its main shareholder, the UAE-based ADIB.

The Commercial International Bank (CIB) has signed a $150 million loan facility with the International Finance Corporation (IFC).

Prime Minister Mostafa Madbouly inaugurated Beko’s first home appliances manufacturing complex in Egypt, located in the 10th of Ramadan City.

The Sixth of October Development and Investment Company (SODIC) has signed a long-term syndicated facility agreement with Banque Misr and the Commercial International Bank (CIB) valued at EGP 4.41 billion.

The International Monetary Fund (IMF) and the Egyptian authorities have reached a staff-level agreement on economic policies and reforms for the third Extended Fund Facility (EFF) review, under which Egypt could access about $820 million.

Abu Dhabi Ports Group (AD Ports) has signed a memorandum of understanding (MoU) with Egypt-based Transmar and Orascom Construction to mull the possibility of establishing a green methanol storage and export facility in Egypt.