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SODIC aims to invest EGP 3.7 bn in construction projects in 2019
Upmarket real estate developer SODIC aims to invest EGP 3.7 bn in construction projects in 2019, up from EGP 2.4…
Egypt’s talking heads sing the praises of El Sisi’s public sector wage increases
President Abdel Fattah El Sisi’s decision to raise wages for civil servants dominated the airwaves last night. Hona Al Asema…
ITDA contracts Egyptian, foreign investors to develop EGP 30 bn logistics centers
The Internal Trade Development Authority (ITDA) has awarded contracts to Egyptian and foreign investors to develop six logistics and commercial…
Earnings watch: Orascom Construction reports 2018 results
EARNINGS WATCH- Orascom Construction (OC) reported net income attributable to shareholders in 4Q2018 of USD 33.1 mn, up 635.6% y-o-y…
Hassan Allam suspends IPO plans
IPO WATCH- Hassan Allam Holding puts IPO on the shelf for now: Leading construction and engineering group Hassan Allam has…
Finance Ministry issues financial guarantee for Oyoun Moussa plant
The Finance Ministry issued a financial guarantee for Al Nowais’ USD 4 bn 2.65 GW Oyoun Moussa coal plant, a…
Egyptian electricity to flow into Syria, Iraq in the near future
Egypt to export power to Syria, Iraq in the near future: The Electricity Ministry has confirmed plans to export electricity…
Hassan Allam in talks with government over two desalination plants
The government is in talks with Hassan Allam Holdings to construct two water desalination and sewage treatment plants at a…
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