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Elsewedy Electric agrees to EUR 42 mn loan from National Bank of Greece
Elsewedy Electric’s board of directors approved yesterday receiving a EUR 42 mn loan from the National Bank of Greece, according…
Swiss-funded program to supply 2 mn people with access to drinking water
Housing Minister Assem El Gazzar signed an agreement with Swiss Ambassador to Egypt Paul Garnier to establish a potable water…
EETC signs supply and supervision contract with Siemens
The Egyptian Electricity Transmission Company (EETC) has signed with Siemens Egypt and Siemens Transformer a supply and supervision contract worth…
Earnings watch: Elsewedy Electric net profits fall 32% in 1Q2019
EARNINGS WATCH- Elsewedy Electric reported a 32% y-o-y drop in net profit to EGP 957.2 mn in 1Q2019, down from…
Bombardier confirms being tapped as preferred bidder for Egypt’s monorail
Bombardier says its consortium has been tapped as preferred bidder for monorail project: A consortium of Orascom Construction, Arab Contractors,…
Edra and Blackstone’s Zarou express interest in operating Siemens power plants
INVESTMENT WATCH- Blackstone portfolio company and Edra express interest in operating Siemens power plants: Blackstone Group’s Zarou and Malaysian company…
Egypt to release in August conditions for newly introduced “falling auction” tenders
The government will unveil in August the conditions for 600 MW-worth of solar projects that will be tendered under a…
Egyptian gov’t selects OC-led consortium for 6 October-new capital monorail tender
Gov’t taps OC-led consortium to enter talks on 6 October-new capital monorail -report: A consortium of Orascom Construction, Arab Contractors…
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