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Hassan Allam Properties buys 110K sqm of El Gouna from Orascom Development for USD 37.4 mn. PLUS: Allianz Egypt, Tadweer, Chefaa, Luna, Didi
The sale is expected to attract investments in El Gouna’s infrastructure, amenities, and facilities
Vodafone Egypt, Telecom Egypt ink EGP 30 bn worth of infrastructure services, 5G agreements
Vodafone Egypt secured a 5G license from the National Telecom Regulatory Authority last month for USD 150 mn
Electricity Ministry sets offtake prices for stored solar energy. PLUS: Knauf + Hassan Allam Construction, Siemens, Dynamic Distribution, Aton
RENEWABLES- Egypt sets tariffs for stored solar energy: The Electricity Ministry has put a price tag on energy produced from…
Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC
The supermarket chain tapped into the Saudi market in February with a 50% stake purchase of discount retailer Dukan
Global firms are interested in Egypt’s oil sector. PLUS: News from Bonya, Alex Container, Telecom Egypt
PLUS- Energean’s USD 945 mn asset sale to Carlyle set to go through by year end
Eastern Company hikes cigarette prices for the fourth time this year. PLUS: News from Palm Hills, Misr Petroleum, GASC
The increase came in response to the Finance Ministry enacting the law that allows companies to raise prices by 12%…
Kouchouk lays out plan for ensuring economic stability. PLUS: News from Fincart, CI Capital, Sport Ministry
PLUS- Egypt’s debt-to-GDP ratio dropped to 89.6% in June 2024
Cairo Housing’s bid for a larger stake in United Housing moves forward. PLUS: News from Eastern Company, EverGrow, GASC
Cairo Housing and Development last month announced that it would submit an MTO for a stake in United for Housing…
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