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CIB acquires stakes in Elsewedy subsidiaries
Egypt’s largest private sector bank CIB has acquired a 15% stake in El Sewedy Engineering Industries (SEI) through a capital…
Hassan Allam lands another Toshka contract + More wheat, courtesy of Romania
Hassan Allam Construction to work on Toshka irrigation project: Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has been…
Adly Mansour transit hub now has an electric bus charging station
Elsewedy launches electric bus charging at the Adly Mansour transit hub: Elsewedy Transport & Distribution has started operating electric bus…
Elsewedy Electric reports record revenues in 2Q 2022
Elsewedy Electric reported record revenues in 2Q 2022 thanks to price hikes and a weaker EGP, it said in its…
Deutsche Bahn, Elsewedy to operate high-speed rail
Deutsche Bahn, Elsewedy Electric sign to manage and operate high-speed rail: The National Authority for Tunnels (NAT) yesterday inked a…
FAB + Europe Arab Bank to contribute to Elsewedy’s USD 150 mn IFC loan
More details on the IFC’s USD 150 mn loan to Elsewedy Electric: First Abu Dhabi Bank and Europe Arab Bank…
Elsewedy Electric gets USD 150 mn from IFC to fund renewables investments abroad
Elsewedy Electric will use a USD 150 mn loan from the International Finance Corporation (IFC) to acquire renewable energy plants…
Industrial players see disappointing stock performances amid global uncertainty
Global trade disruptions, materials shortages, and inflation drive down industrial stocks: Almost all EGX-listed major industrial companies have seen their…
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