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OC named most valuable Egyptian brand
Brand Finance has named Orascom Construction as Egypt’s most valuable brand, valuing it at USD 558 mn. Rounding out the…
Orascom Construction net income up 29% in 2021
Orascom Construction (OC) reported USD 113.4 mn in net income attributable to shareholders in 2021, up 29% y-o-y, according to…
Gov’t to pay EUR 150 mn to Alstom consortium for monorail work
The Transport Ministry will soon pay out EUR 150 mn to the Alstom-led consortium implementing the Sixth of October-new capital…
Siemens-led consortium set to sign on second + third high-speed rail lines next month
Contracts for second + third lines of Egypt’s high-speed railway to be signed in March: The Transport Ministry and the…
Metito, Scatec, OC eye USD 1.5 bn desalination facility
USD 1.5 bn solar-powered desalination plant in the works? A consortium made up of UAE-based Metito Holdings, Scatec Solar, and…
THIS EVENING: Egypt’s economy grew 9% 1H2021-2022 + Consortium in talks to build USD 1.5 bn desalination plant + Egypt gets USD 1.5 bn funding for diesel production
The race to the weekend is in full swing, ladies and gentlemen. It’s a busy Wednesday afternoon, with a very…
You can now short, buy on margin and day trade these EGX stocks
The EGX has shuffled its list of securities eligible for same-day trading, margin trading and short selling as part of…
Ezz Steel acquires Abou Hashima’s remaining Egyptian Steel stake
Ezz Steel has completed its purchase of Ahmed Abou Hashima’s 18% stake in Egyptian Steel, announcing yesterday in an EGX…
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