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TMG, AOI partner with Schindler to localize elevator manufacturing
The facility is expected to produce 5k elevators a year over a ten-year period
IDH, TMG, Eastern Company report 1Q earnings
TMG saw a sixfold increase in its net income
NUCA to hand out plots to four industrial developers within days. PLUS: News from BluEV, TMG, and Tabreed
NUCA will hand out a total of 4.6 mn-sqm plots in New 6 October City
SEIC to conduct due diligence on CIRA ahead of acquisition plans. PLUS: News from TMG, Cleopatra, and Bokra
Baker Tilly will act as the transation’s financial advisor and prepare a fair value study for CIRA’s shares
Post-float return of FX liquidity persuades MSCI to remove special treatment measures for Egyptian stocks
Changes will take effect after May 31
A ton of real estate news from ACUD, Talaat Moustafa, Heliopolis Housing
ACUD has landed five new partnerships worth EGP 180-200 bn in 2024.
Contact to expand in Saudi in 2025. PLUS: News from B Investments, Talaat Moustafa Group, ADIB, Mashreq, Madinet Masr, Idea Verde, Azimut
The investment will fund Basata’s regional expansion plans
Palm Hills’ annual earnings up 26% in 2023 after doubling sales in 2023. PLUS: TMG income up 44% in 2023
The company’s revenue jumped 28% y-o-y to EGP 17 bn
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