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Earnings watch: Sodic, EFG Hermes, MNHD, Telecom Egypt
EARNINGS WATCH- Sodic net income grows 9% y-o-y in 2Q019, revenues double: Sodic recorded a 9% y-o-y increase in net…
DEVELOPMENT
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Egypt signs contract with Siemens to develop national electricity grid
Siemens AG will conduct a series of five-year studies on Egypt’s electricity distribution grid to “identify the feasibility of deploying…
Suez Canal, foreign reserves, new cities and chicken kept talking heads busy last night
Egypt getting its money’s worth in Suez Canal gains: A cabinet infographic showing a 5.4% jump y-o-y in Suez Canal…
Egyptian-Italian-Chinese coalition offer to build dry port in 10th Ramadan City
An Egyptian-Italian-Chinese coalition has made an offer to the Transportation Ministry to build, manage and operate a dry port and…
Ib Vogt begins commercial operation of three solar plants at Benban
German solar project development companyIb Vogt has begun commercial operation of three solar power plants with a combined capacity of…
Egypt, US sign four bilateral assistance agreements for USD 59 mn
Egypt and USAID signed four assistance agreements yesterday worth a combined USD 59 mn, the US embassy said in a…
Egypt signs agreement with Canada’s Bombardier for NAC monorail project
Our monorail dreams are a little bit closer: The Transport Ministry signed yesterday a contract with Canada’s Bombardier to build…
El Moselhy, ITDA boss talk internal trade investments with Alhokair
Supply Minister Ali El Moselhy and Internal Trade Development Authority head Ibrahim Ashmawy met last week with Alhokair Group Managing…
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