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A EUR 90 mn EU grant is coming our way to support the grid and renewable energy developments
Plus: Smoke price hikes, Madinet Masr taps Al Shorouk Construction for Sarai build-out
Egypt will keep electricity prices frozen through June to give CBE more room for aggressive interest rate cuts
Tariffs have stayed put since the last adjustment in August 2024
Gov’t to hold electricity prices steady to anchor inflation
Good afternoon, friends. It’s another relatively quiet day in the press. In much-welcome news, we might be looking at no…
Egyptian capital and engineering power new combined-cycle power plant in Hungary with Elsewedy Electric securing EUR 58 mn from CIB
Plus: Exxon Mobil and Qatar Energy exit North Marakia, FRA greenlights first futures brokers ahead of EGX launch
Red Sea jitters derail Alghanim plans for Berenice Port
Good morning, friends, and a happy Thursday to you all. Closing out this week’s set of issues is news that…
In-the-works real estate developers law eyes 30% completion rate before developers can market or launch sales
Although larger players may be able to adjust to the proposed changes, it threatens to squeeze out small-to-mid-sized players
Serenity commits EGP 5 bn to professionalizing the Egyptian afterlife
Plus: Qalaa reports 2Q earnings, EBank completes EGP 3.8 bn tourism divestment
Elsewedy Electric’s Iskraemeco looks to invest USD 20 mn into solving Egypt’s water leakage problem
The company is targeting a 40% market share in national water projects by 2026
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