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Wheat tender will go on despite reduced Romanian crop
Good news on the food security front: Romania is still interested in selling wheat to Egypt: A prolonged drought is…
House Speaker submits Income Tax Act, Public Enterprises Act, others, for committee discussion
LEGISLATION WATCH- House Speaker submits Income Tax Act, Public Enterprises Act, others, for committee discussion: House Speaker Ali Abdel Aal…
Suez Canal Bank sells Midor stake for USD 30.6 mn
M&A WATCH- Suez Canal Bank sells Midor stake for USD 30.6 mn: The Suez Canal Bank has approved the sale…
Pharos Energy announces cutbacks, reduced output in Egypt on oil price collapse
Pharos Energy has reduced capital expenditures and output at its oil drilling operations in Egypt as its finances come under…
Elsewedy Electric subsidiary signs EGP 209 mn contract for Fayoum substation
Elsewedy Electric subsidiary Elsewedy Electric for Trading & Distribution has signed a EGP 209 mn EPC contract to build a…
Earnings watch: ElSewedy Electric profits halve in 1Q as covid-19 hits operations
EARNINGS WATCH- ElSewedy Electric profit halve in 1Q as covid-19 hits operations: ElSewedy Electric’s quarterly profits plunged in 1Q2020 as…
How covid-19 and oil price volatility are impacting Egypt’s renewable energy sector - Part 1
How covid-19 and oil price volatility are impacting Egypt’s renewable energy sector. Part 1: The Lockdown. The combination of covid-19…
Elsewedy Electric makes Norges Bank’s investment blacklist after ESG screen
The day ESG came home to roost? Our friends at Elsewedy Electric, the high-profile EGX-listed industrial, infrastructure and energy player,…
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