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Industry & Trade
GlaxoSmithKline in talks with Hikma to sell Egypt stake, rules out talks with Rameda
GlaxoSmithKline will focus its efforts and resources on discussing the sale of its stake in Egypt with Hikma…
Saudi Arabia’s Savola plans acquisitions of food companies in Egypt, other markets
Saudi Arabia’s largest food products company, Savola Group is planning to expand into its eight existing markets,…
Egypt to begin trial operation of its commodities exchange in late April – minister
Egypt is expected to start trial operation of its long-anticipated commodities exchange – known as Egycomex within…
Speed Hospitals acquires 50% of Al Safwa Hospital
Speed Medical Company announced that its subsidiary Speed Hospitals Company as well as local and foreign investors…
Juhayna’s CEO & Deputy Chairman detained; stock slides more than 11%
Juhayna Food Industries announced that its CEO and Deputy Chairman, Seif El-Din Thabet, has been detained pending…
Egypt signs 2 protocols to localize, develop auto industry
Two cooperation protocols between the Engineering Automotive Manufacturing Co. (EAMCO) and El Nasr Automotive…
UK-based CDC buys minority stake in Egypt’s Alfa Medical for $100 mn
CDC Group, the UK’s development finance institution and impact investor, injected a $100 million to acquire…
Non-oil private sector activity in Egypt continued to contract in January
Non-oil private sector activity in Egypt continued to contract in January, albeit at a slower pace as falls in…
Egypt’s food industry exports to Germany record 13% increase in 11M 2020
Egyptian Food Export Council (FEC) said that the country’s food industries exports to Germany recorded about $83m…
Egyptian Competition Authority is ready to review Alameda-Cleopatra Hospitals mega merger
Egyptian Competition Authority is gearing up to review the mega-merger between Cleopatra Hospitals Group (CHG) and…