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Egypt signs framework agreement with Cyprus, Greece power linkage
Egypt has signed a cooperation framework agreement with Cyprus and Greece for the planned power linkage project between the three…
Earnings Watch: Orascom Construction reports 1Q2019 results
EARNINGS WATCH- Orascom Construction’s attributable profit dipped 5% y-o-y in 1Q2019 to USD 30.2 mn compared to USD 31.9 mn…
Egypt’s cabinet selects winning consortium for 6 October-new capital monorail
CABINET WATCH- Cabinet has selected the winning consortium for the 6 October-new capital monorail, but hasn’t said who: The Madbouly…
Government expects EGP 17 bn revenues from raising electricity prices
Government expects EGP 17 bn revenues from higher electricity prices: The government is expecting to take in some EGP 17…
Revolta Egypt to install EGP 100 mn-worth electric car charging stations by 2020
Revolta Egypt is planning to install EGP 100 mn-worth of electric vehicle charging docks by the end of 2020, CEO…
IDA to tender 13 industrial complexes through April 2020
The Industrial Development Authority (IDA) is planning to tender 13 industrial complexes to investors between 30 June of this year…
Elsewedy Electric to establish utilities JV with SCZone Authority
INVESTMENT WATCH- Elsewedy Electric to establish utilities JV with SCZone authority: Elsewedy Electric has signed a partnership agreement with the…
Electricity prices to rise an average of 15% in FY2019-2020
Electricity prices to rise an average of 15% in FY2019-2020: Average electricity prices will rise by 15% from 1 July,…
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