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Infrastructure 
Elsewedy Capital and Ezz El Arab Automotive team up to locally assemble cars
The newly found company aims to annually produce 50k units in the “coming years”
Sherif El Zeiny steps down at Elsewedy
Sherif El Zeiny had been the company’s CFO and VC since 2015
Elsewedy Electric bottom line doubles
The company also clocked a 66% y-o-y jump in revenues in 3Q 2023
EBRD to lend USD 50 mn to copper manufacturer UMC
The loan will fund UMC’s FX liquidity for raw material imports
Elsewedy and Al Kharafi grab electricity transformer station contracts
The government has EGP 7 bn project to establish nine transformer stations in partnership with the private sector
Industrial stocks are mostly doing well — and match their financial performance
A year ago, industrial stocks were on a downward trajectory, even as companies reported strong earnings
Elsewedy Electric net income more than doubles in 2Q 2023
Profit after tax almost tripled y-o-y during the first half of the year
How EGX-listed infrastructure players performed in 1Q 2023
With the help of a changing FX rate, traditional infrastructure players had a solid showing in 1Q 2023
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