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Germany’s Senvion looking to invest USD 1 bn in Egypt wind farms
INVESTMENT WATCH- Germany’s Senvion to invest USD 1 bn in wind farms in Egypt: German wind energy company Senvion is…
Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed
Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed: Egypt successfully issued USD 4 bn USD-denominated eurobonds on Tuesday,…
ADIB reports 35% y-o-y rise in 2018 net profits to EGP 850 mn
EARNINGS WATCH- Abu Dhabi Islamic Bank Egypt (ADIB) reported a 35% y-o-y increase in 2018 consolidated net profit to EGP…
Companies operating in USD to be granted option to pay 0.25% healthcare tax in USD
EXCLUSIVE- Companies operating in USD can pay 0.25% healthcare tax in USD or EGP: Foreign companies operating in Egypt, and…
E-commerce service Noon launches beta testing in Egypt
Mohamed Alabbar’s Dubai-based e-commerce platform Noon is moving into Egypt, announcing yesterdaythat it has launched in Egypt in beta, marking…
Major Italian companies looking to increase investments in Egypt
INVESTMENT WATCH- From Italy, with love: Seven Italian companies are kicking the tires on possible investments in Egypt, company execs…
PM discusses energy investments with Blackstone’s Zarou
INVESTMENT WATCH- PM discusses energy investments with Blackstone’s Zarou: Prime Minister Moustafa Madbouly met with Sameh Shenouda, CEO of Blackstone’s…
Actis-backed Lekela wants to build two wind plants in three years at a cost of USD 500 mn
INVESTMENT WATCH- Actis-backed Lekela wants to build two wind plants in three years at a cost of USD 500 mn:…
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