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Aldar, ADQ launch bid for SODIC
The UAE’s Aldar Properties and sovereign wealth fund ADQ has submitted a mandatory tender offer for up to 90% of…
TONIGHT: August inflation figures up slightly. + Dates set for exporters to receive subsidy arrears. ALSO: Egypt officially a member state of Africa Finance Corporation.
Are we the only ones who feel as if the whole country woke up this week and tried to cram…
Elsewedy snags EETC EGP 1.15 bn contract to build 3 electricity substations
Elsewedy Electric has signed two turnkey contracts worth a combined EGP 1.15 bn with the state-owned Egyptian Electricity Transmission Company…
Elsewedy Electric subsidiary signs EPC contract in Ghana
Elsewedy returns to Ghana: Elsewedy Electric for Transmission and Distribution of Energy signed a USD 16.7 mn EPC contract to…
ElSewedy’s United Metals secures USD 25 mn in funding from EBRD
ElSewedy’s United Metals Company subsidiary lands USD 25 mn loan from EBRD: The European Bank for Reconstruction and Development (EBRD)…
Banque Misr to issue Meeza cards for Tanmeyah
A few things we’re keeping an eye on this morning: Banque Misr will issue prepaid Meeza cards for Tanmeyah Micro…
Elsewedy Electric’s net income surges 73%
EARNINGS WATCH- Elsewedy Electric saw its net income jump 73% to EGP 973.8 mn in 2Q2021, compared to EGP 562.3…
The private sector will run much of Egypt’s rail network
SMART POLICY- Nine Egyptian companies — almost all of them private sector — will manage and operate Egypt’s rail system…
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