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Earnings Watch: SODIC reports 44% y-o-y net profit growth in 3Q2018
EARNINGS WATCH- SODIC reported 44% y-o-y growth in its bottom line to EGP 238 mn in 3Q2018 with a strong…
DEVELOPMENT
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Egypt-China talks for USD 20 bn new capital project, monorail financing have reportedly fallen through
Egypt-China talks for a USD 20 bn project in the new capital have reached a deadlock amid a fight over…
Giza necropolis to get WiFi and golf carts, courtesy of OIH
Orascom Investment Holding (OIH) signed on Thursday a contract with the Supreme Council of Antiquities that will see OIH upgrade…
El Sisi’s speech at the inauguration of infrastructure projects tops headlines in state-owned dailies
In lockstep with the airwaves, the front pages of the country’s three main state-owned dailies focus this morning on President…
ODE inks final agreement with NUCA to co-develop 4.2 mn sqm in Six October City, expected to generate EGP 77 bn
Orascom Development (ODE) has signed a contract with the New Urban Communities Authority (NUCA) to co-develop a 4.2 mn sqm…
UAE’s Al Ghurair and Murban sign shareholder agreement with Al Ahly Capital for USD 1 bn sugar factory in Egypt’s Minya
INVESTMENT WATCH- UAE’s Al Ghurair and Murban sign shareholder agreement with Al Ahly Capital for USD 1 bn Minya sugar…
Egypt’s Hassan Allam, Arab Contractors to develop Maspero Triangle
Hassan Allam, Arab Contractors to undertake Maspero development project: Hassan Allam, Arab Contractors and an unnamed company are among the…
Elsewedy, Arab Contractors ink USD 2.9 bn Tanzania dam agreement
Elsewedy, Arab Contractors ink USD 2.9 bn dam construction agreement with Tanzania: A joint venture between Elsewedy Electric and Arab…
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