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Earnings: Fawry, PHD, Al Ahly for Development and Investment, ADIB, Misr Cement (Qena)
EARNINGS WATCH- Fawry’s net profit surged 99% y-o-y in 9M2020 to EGP 119.1 mn from EGP 59.7 mn last year,…
construction
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Iraq agreements could be worth USD 1 bn for Egyptian building materials exporters
Egypt could be looking at an additional USD 1 bn in annual building materials exports to Iraq as the two…
Odin Investments to move forward with El Nasr Civil Works acquisition this month
M&A WATCH- Odin Investments to move forward with El Nasr Civil Works acquisition this month: Odin Investments is expected to…
Al Ahly Sabbour breaks ground on new capital mixed-use project
Real estate developer Al Ahly Sabbour broke ground last month on a 200-300 feddan mixed-use project it’s developing in the…
Ezdehar’s AluNile to acquire land for new Sadat City plant ‘within days’
Private equity outfit Ezdehar’s Nile Aluminum and Metals Company (AluNile) expects to complete “within days” it acquisition of land in…
Settlement deadline for illegal construction pushed until the end of November
Is your home in violation of the building code? You’ve got to an extra month to settle up. The deadline…
Hassan Allam, Abdul Latif Jameel water JV acquires Redwood Egypt
M&A WATCH- A joint venture between Hassan Allam Holding and Abdul Latif Jameel has acquired Ridgewood Egypt, which owns some…
Dabaa nuclear power plants could generate 4x returns for Egypt -Rosatom
The Dabaa nuclear power plant is expected to generate returns worth 4x the amount spent on its construction, Alexander Voronkov,…
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