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Egypt repatriates looted artifacts from Belgium
Belgium has returned two artifacts to Egypt that were smuggled illegally out of the country, the Tourism Ministry said in…
Industrial stocks are still divorced from earnings performance
Industrial players are seeing somewhat varied stock performances, with most EGX-listed industrial stocks continuing on the downward trajectory that began…
CIB acquires stakes in Elsewedy subsidiaries
Egypt’s largest private sector bank CIB has acquired a 15% stake in El Sewedy Engineering Industries (SEI) through a capital…
Hassan Allam lands another Toshka contract + More wheat, courtesy of Romania
Hassan Allam Construction to work on Toshka irrigation project: Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has been…
Adly Mansour transit hub now has an electric bus charging station
Elsewedy launches electric bus charging at the Adly Mansour transit hub: Elsewedy Transport & Distribution has started operating electric bus…
Elsewedy Electric reports record revenues in 2Q 2022
Elsewedy Electric reported record revenues in 2Q 2022 thanks to price hikes and a weaker EGP, it said in its…
Deutsche Bahn, Elsewedy to operate high-speed rail
Deutsche Bahn, Elsewedy Electric sign to manage and operate high-speed rail: The National Authority for Tunnels (NAT) yesterday inked a…
FAB + Europe Arab Bank to contribute to Elsewedy’s USD 150 mn IFC loan
More details on the IFC’s USD 150 mn loan to Elsewedy Electric: First Abu Dhabi Bank and Europe Arab Bank…
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