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Elsewedy Electric’s net income surges 73%
EARNINGS WATCH- Elsewedy Electric saw its net income jump 73% to EGP 973.8 mn in 2Q2021, compared to EGP 562.3…
The private sector will run much of Egypt’s rail network
SMART POLICY- Nine Egyptian companies — almost all of them private sector — will manage and operate Egypt’s rail system…
Year of M&A continues with Elsewedy, Raya Contact Center entering the fray
Elsewedy to snap up a controlling stake in Egypt’s International Cables Company in EGP 410 mn transaction: Elsewedy Electric has…
Elsewedy has a busy pipeline of acquisitions in 2H2021, and further into 2022
Elsewedy Electric is aiming to close three new acquisitions and greenfield investments in the second half of the year, a…
TONIGHT: Egypt’s annual headline inflation reaches 4.8% in May + Kenya, Uganda and Tanzania seek USD 16 bn for post-covid recovery. ALSO: ECB to set monetary policy today.
It’s a busy news day to wrap up the week, ladies and gents. We have a mix of major macro…
Earnings Watch: Elsewedy Electric, Contact Financial, Beltone
EARNINGS WATCH- Elsewedy Electric’s net income rose 75% to EGP 700.1 mn in 1Q2021, up from EGP 400 mn in…
TONIGHT: Gaza unrest prompts calls of calm from El Sisi; Sporting clubs offering jabs; Are Spacs dead? RenCap MENA conference tomorrow.
The post Eid hangover has hit, ladies and gentlemen, with a packed news day, work needing some extra shots of…
Elsewedy expands in South Asia
Elsewedy Electric has acquired two power transformer companies in Indonesia and Pakistan in transactions worth a combined USD 60 mn,…
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