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NSPO to spin out new A1 brand of filling stations. PLUS: News from EKH, Accor, New Alamein, and more
Samsung, GASCO, EgyptSat Auto, and Fayoum Company for Storage all receive golden licenses
GB Corp, Raya CX, EKH Holding + TMG Holding report 1H earnings
We’re close to the end of 2Q earnings season
Ikarus Electric wants to establish 200 EV charging stations in three years. PLUS: New Radisson hotel, Concrete Plus-Saudi collaboration, EgyptAir in Manchester
The company received a one-year license to establish stations last month
The country’s 50 top listed companies, according to Forbes
The top two firms made Forbes’ MENA-wide list.
Rameda revenues up 14% while profits slip in 1Q 2023. PLUS: EKH, Oriental Weavers report 1Q23 earnings
Rameda’s private sales generated more than half of the company’s revenues during the quarter.
What the markets are doing on 3 April, 2023
MARKET NEWS- Ezz Steel’s net income rose 23.2% y-o-y to EGP 6.6 bn in 2022, according to an EGXdisclosure(pdf). The…
Infinity Power acquires 100% of Lekela. PLUS: EKH ups stake in petchem subsidiary
The transaction gave Lekela an enterprise value of USD 1.5 bn
EKH to invest USD 170 mn in Egypt this year + reports record sales in 2022
More than half of the amount will be allocated to capital expenditure
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