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Orascom Construction sees profitability improve q-o-q in 2Q 2022 as US margins improve; eyes new infrastructure and data center projects
Orascom Construction (OC) reported an 8% y-o-y rise in revenues to USD 934.9 mn in 2Q 2022, with net income…
Non-oil exports rose by 20% y-o-y in 1H2022
BY THE NUMBERS- As the government works to slash imports + shore up local industry, Egypt’s exports were on the…
How are real estate + infrastructure players coping with high inflation?
Six months since the start of Russia’s invasion of Ukraine, how are real estate + infrastructure players handling a high-inflation…
Ministers are still working to resolve “controversial” aspects of building violations regs
No agreement on building violation regs: The Madbouly government is still working to resolve differences of opinion over amendments to…
Orascom Construction’s new awards rise 55% y-o-y in 2Q 2022 thanks to high-speed rail contract
Orascom Construction (OC) saw new awards rise 55% y-o-y in 2Q 2022 to hit USD 1.8 bn, the company said…
Banque du Caire’s Telda prepaid card gets central bank approval
CBE gives greenlight to BdC’s Telda prepaid card: Banque du Caire has received final approval from the Central Bank of…
Contractors want financial institutions to step up their support for infrastructure diplomacy
Egyptian contractors and construction companies want financial institutions to do more to support their work in Arab and African countries:…
Subsea cables with Greece
Egypt and Greece will lay a new subsea data cable across the Mediterranean under an agreement signed by Telecom Egypt…
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