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Saudi industry minister talks industry, mining on visit to Egypt. PLUS: Suez Canal blockage, Bank ABC to sell Blom unit,
Minister met with PM Madbouly and Industry and Trade Minister Ahmed Samir yesterday
Sumitomo Electric breaks ground on pigtails cable factory. PLUS: Lighthouse Education, Rameda Pharma, new tourism figures
The factory is expected to be the company’s largest in the world
Orascom Construction revenues slip in 1Q 2023
Backlog dips to USD 5.5 bn
Hassan Allam Properties signs EGP 500 mn sale-leaseback agreement with Beltone
HAP will finance commercial and hospitality assets owned by two of its subsidiaries
Disruptech to invest USD 5 mn in local fintechs this year. PLUS: real estate in new cities, delayed customs clearance fees
A number of international investors have committed funds to the VC’s USD 36 mn fintech fund
Palm Hills’ revenues up 22% in 1Q 2023
Net income was down 14% on higher financing costs
NewMed and partners to build Egypt-Cyprus gas pipeline
The pipeline could boost our LNG exports to Europe
How telecos are coping with macroeconomic headwinds
Operating costs have jumped 60-70% over the past few months
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