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Elsewedy to pay out EGP 1.7 bn in shareholder dividends
Elsewedy Electric agreed this week to pay EGP 1.7 bn in dividends to shareholders at EGP 0.8 per share, according…
Green economy
China’s CGCOC interested in developing Fayoum industrial zone
Chinese construction company CGCOC is interested in developing a 32 mn feddan industrial zone in Fayoum into Egypt’s first “smart…
Shipping lines ask for cheaper fees to return to East Port Said Port
Shipping lines that have withdrawn from East Port Said Port since 2017 have asked for a new fixed-fees system for…
Nader Samir appointed head of General Authority for Roads and Bridges
MOVES- Transport Minister Kamel El Wazir appointed Nader Samir head of the General Authority for Roads and Bridges, according to…
Transport Minister meets with World Bank delegation over railway projects
Transport Minister Kamel El Wazir met yesterday with a delegation from the World Bank to review joint projects and discuss…
Kenya-based ZEP-RE to set up shop in Egypt within one year
Kenya-based ZEP-RE (PTA Reinsurance Company) is looking to set up a regional office in Egypt within one year, a source…
Elsewedy-Mitsubishi consortium wins USD 550 mn EPC contract for Sharjah power plant
Elsewedy-Mitsubishi consortium awarded USD 550 mn EPC contract for Sharjah power plant: A consortium of Elsewedy Electric and Mitsubishi Hitachi…
Three people given jail sentences over 2018 Kom Hamada train accident
The Damanhur Criminal Court sentenced on Thursday three men to prison over a train accident in Kom Hamada in February…
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