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It’s blackout decision time for the oil, electricity ministries
Good morning, wonderful people. We’ve made it through another week together. Before we dive into this morning’s top stories, we’re…
Palm Hills to embark on USD 300 mn project to set up 15 Saudi schools. PLUS: Contact Financial, Brotinni, ISIS Organic, EFG Hermes, Ayadi, Vacsera
The developer also has plans to set up ten schools in the Egyptian market
Ezz Steel sees bottom line jump fourfold in the first half of the year
The company also responded to the EU’s anti-dumping probe
AngloGold Ashanti to buy Centamin in USD 2.5 bn transaction in bid to acquire Egypt’s Sukari mine
The transaction is expected to close in 4Q 2024
Auto Jameel to assemble up to 15k GAC cars locally: PLUS: Rameda, Vodafone, Ayadi, Entlaq, ACUD, Raya Foods
The company will initially begin producing at third-party production lines, until it establishes its own independent factory within three years
Egyptian Competition Authority cracks down on alleged egg cartel
The cartel represents around 70% of the market
T&C Garments readies investments to up production 30% 2026. PLUS: Madinet Masr, Urban Development Fund, ZeroCarbon, ERG Development
The investments will go towards adding new production lines, as well as replacing and restoring older machines
Abu Dhabi’s Mubadala Energy eyes EGAS exploration tender. PLUS: Egyptian Air Force to receive two C-130J-30 Super Hercules tactical airlifters
EGAS opened up bids for the 12 new oil and gas exploration blocks in the Mediterranean and Nile Delta late…
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