MARKETS Archives

FMCG company Hayat Egypt invests US$550m in five production facilities

The FMCG company Hayat Egypt, the local subsidiary of Hayat Holding, announced that its total investment in Egypt hit US$550 million. The FMCG company announced the launch of its latest products on the 10th anniversary of its operation. Hayat...

by WAYA Staff - Aug 21, 2023

Markets

Egypt’s SCZONE witnesses open of 1st factory for mobile accessories

Egypt witnessed the opening of the first factory, specializing in manufacturing wearable mobile phone accessories, in the Suez Canal Economic Zone (SCZone)....

by WAYA Staff - Oct 4, 2023

Markets

‘Farm to Fork’ gathers stakeholders in food industry to raise food sustainability awareness

Cairo hosted the 3rd edition of the ‘Farm to Fork’ event, organized by the visual digital food content Zest, and gathered various Food...

by WAYA Staff - Oct 2, 2023

Markets

Rolling Plus signs $1b investment contract to establish tire factory in SCZONE

Rolling Plus Chemical Industries announced it signed a 1 billion USD investment agreement to build tires plant in Egypt, according to...

by WAYA Staff - Sep 24, 2023

Markets

OPEC Fund supports Egypt’s food security with $10m

The OPEC Fund for International Development announced it provided Egypt with US$10 million under a $200 million syndicated trade finance facility with the...

by WAYA Staff - Sep 21, 2023

Markets

Suez Canal Economic Zone’s revenues exceed $194m for 1st time

The Suez Canal Economic Zone (SCZONE) revenues increased on a year-on-year (YoY) basis by 78% at 6.06 billion EGP ($194m) in fiscal year (FY) 2022/2023, compared to 3.49...

by WAYA Staff - Sep 18, 2023

Markets

Egypt’s August headline inflation jumps to a record 37.4%

The statistics agency CAPMAS data showed that Egypt’s annual urban consumer price inflation rate jumped to a higher-than-expected record of 37.4% in August from 36.5%...

by WAYA Staff - Sep 10, 2023

Markets

GAFI approves the establishment of Tarboul investment zone at $16.18b

The General Authority for Investment (GAFI) announced it approved the request of GV Investments company to establish Tarboul smart investment zone, and this is amid...

by WAYA Staff - Aug 27, 2023

Markets

Egypt, Singapore sign deals to develop Cairo International Airport

Egypt and Singapore sign new agreements for cooperation in developing the Cairo International Airport, the Ministry of Civil Aviation announced. The agreements...

by WAYA Staff - Aug 21, 2023

Markets

Dubai-based startup NWTN to inject $500m in China Evergrande’s EV unit

Dubai-based green mobility solutions start-up NWTN has announced its plans to inject US$500 million investment in the electric vehicle unit of defaulted property firm China Evergrande Group, according...

by WAYA Staff - Aug 17, 2023

Markets

Egypt signs US$500m deal with UAE to supply wheat to local market

Egypt, a significant buyer of essential commodities, has recently signed an agreement with UAE to import and supply wheat to the local...

by WAYA Staff - Aug 16, 2023

MARKETS

FMCG company Hayat Egypt invests US$550m in five production facilities

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