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Chevron makes its Red Sea exit official. PLUS: Saudi Gold Refinery, Raya Holding, Ora Developers, Microsoft
Chevron said its resources will instead go towards its interests in Egypt’s Mediterranean
Raya Holding reports solid 2024 results
The group’s revenues reached EGP 45.1 bn in FY 2024, up 44% y-o-y
Mohamed El Naggar, CEO of Raya Auto, is driving Egypt’s EV revolution forward with the launch of the XPENG G6, the brand’s third model in the Egyptian market
Raya Auto, Egypt’s exclusive importer of XPENG EVs, has just introduced the XPENG G6, the latest addition to its expanding…
Suez Canal extension trial run opens the door for up to eight additional vessels per day. PLUS: Aman + Jarir Bookstore + Al Manea, Eni, Telecom Egypt
The extension increases the length of the canal’s two-way section to 82 km — up from 72 km
Africa50 completes 42.9% stake acquisition of Raya Data Center
The USD 15 mn investment ticket will go towards the construction on a new Tier III data center
Africa50 eyes 42.9% stake in Raya Data Center with USD 15 mn investment to fund new data center
The data center will in total cost USD 35 mn
Beltone Holding, Palm Hills Developments,Vodafone Egypt, and Raya CX report earnings
Beltone Holding recorded EGP 1.1 bn in net income during the first nine months of the year
Al Safy to invest USD 80 mn to develop its television, smartphone production lines. PLUS: Exeed, Mineral Resources Authority, Raya Holding + Helios, ICT Misr, Orange Egypt
The firm plans to expand the factory’s product range to include smartwatches, routers, advanced cameras, and speakers moving forwards
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