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Egypt’s export revenues reach record levels in 2021 -Madbouly
Export revenues reached a record USD 31 bn in 2021, Prime Minister Moustafa Madbouly said yesterday. Government efforts to support…
OC shareholders nod to USD 35 mn acquisition of Sawiris-owned business
Orascom Construction (OC) will acquire 100% of an equipment import, distribution and services business that is 100% owned by the…
Gov’t to begin signing off on USD 3 bn of water desalination bids in 1H2022
Gov’t to rule on USD 3 bn-worth of desalination bids in 1H2022: Al Nowais, ACWAPower, Mitsubishi, Schneider Electric, Shanghai SafBon…
Kudos: Celebrating Festivus with the best of us
Celebrating Festivus with the best of us: With 2021 coming to a close and as we reflect on the goings…
SFE could issue green bonds soon -Soliman
The Sovereign Fund of Egypt (SFE) is considering issuing green bonds, fund CEO Ayman Soliman told Al Mal. Speaking during…
OC announces dividend payout + acquisition in the cards
Orascom Construction’s (OC) board of directors has approved an interim dividend payout of USD 0.2313 per share, the company said…
DP World has another USD 25-35 mn lined up for Ain Sokhna port
Emirati port operator DP World will invest USD 25-35 mn in Ain Sokhna seaport over the next 2-3 years, DP…
OC joins Ain Sokhna green hydrogen project
OC joins in on our first-ever green hydrogen facility: Orascom Construction is joining a developer consortium of Norway’s Scatec, Nassif…
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