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Growth picks up to 3.5% in 1Q FY 2024-25 despite drops in energy production and Suez Canal revenues
Non-oil manufacturing grew 7.1% y-o-y in 1Q, marking its second consecutive quarter of growth
Alcazar to build USD 2.5 bn hybrid renewables project in Zafarana
Good afternoon folks, and Merry Christmas to all those celebrating. The news cycle isn’t slowing down for Christmas, it seems,…
Fitch expects a 5.5% y-o-y increase in tourist arrivals next year
PLUS: Infinity Power and South Africa-based Pele Green Energy were awarded six solar plants in South Africa
Sunrise Resorts & Cruises plans to add 4k hotel rooms in 2025
PLUS: Talaat Moustafa Group reported a record EGP 500 bn in sales in 2024
EBRD greenlights USD 275 mn loan for Gulf of Suez mega wind farm
EBRD is contributing USD 200 mn and the remaining USD 75 mn will be coming from Arab Bank and Standard…
Cheiron is looking into expanding local operations
Cheiron recently secured a USD 80 mn loan to fuel exploration operations
Hassan Allam Utilities secures USD 40 mn facility for renewables projects
PLUS: CIRA Education has appointed BDO Keys Financial Consulting to prepare the fair value study
Halliburton could invest more in Egypt’s energy sector
The company is currently evaluating potential investments
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