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Mashreq to expand digital platforms in Egypt this year. PLUS: Trouble at Alfa Market, Elsewedy eyes interconnector in Southern Africa
We discussed the lender’s growth strategy with Mashreq Egypt country head and CEO Amr El Bahey this week
Palm Hills’ revenues up 22% in 1Q 2023
Net income was down 14% on higher financing costs
Elsewedy Electric is paying out dividends + Sidpec reports 1Q 2023 earnings
MARKET NEWS- Elsewedy Electric is paying out dividends of EGP 0.40 per share on its FY 2022-23 earnings, payable on…
Elsewedy Electric, Qatar’s UCC sign to build Libyan power plant
The contract is worth at least EUR 800 mn
THIS MORNING: CBE makes first rate hike of 2023 — but no further EGP deval yet
It’s a brand new month in a brand new quarter
Elsewedy Electric earnings, revenues rise more than 50% in 2022
Elsewedy Electric booked EGP 5.4 bn in net income after minority interest in 2022, up 51% y-o-y, according to its…
Is Egypt brewing up a fresh export subsidy program?
The state is also looking into adding new sectors to the subsidy program
Delays to national projects could hit the construction industry
Delays to national projects will challenge construction players whose portfolios aren’t diversified: Earlier this month the government announced new curbs…
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