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Elsewedy Electric gets USD 150 mn from IFC to fund renewables investments abroad
Elsewedy Electric will use a USD 150 mn loan from the International Finance Corporation (IFC) to acquire renewable energy plants…
Industrial players see disappointing stock performances amid global uncertainty
Global trade disruptions, materials shortages, and inflation drive down industrial stocks: Almost all EGX-listed major industrial companies have seen their…
ETA tries to help investors
The Egyptian Tax Authority (ETA) has established an investors’ support unit to resolve hurdles facing investors as part of the…
Egypt’s top listed companies, according to Forbes
Forbes Middle East is out with a new list ranking Egypt’s top listed companies: Taking into account market cap, sales,…
Elsewedy Electric targets USD 1.5 bn investment in African renewables
Elsewedy Electric could invest as much as USD 1.5 bn in three renewable energy projects in Africa before the end…
We’re closing in on USD 3.5 bn from the ITFC + World Bank to help with food and energy
Egypt is finalizing some USD 3.5 bn in fresh financing from multilateral lenders to shore up food and energy security…
Earnings: EFG Hermes, Contact Financial, Elsewedy Electric report strong 1Q 2022 results
EFG Hermes’ net income rose 18% y-o-y to EGP 345 mn in 1Q 2022, the bank said in its earning…
Elsewedy Electric opens Africa’s first busway system factory
Elsewedy Electric has launched Africa’s first busway epoxy system factory in Tenth of Ramadan City, according to a statement(pdf). The…
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