{"id":565716,"date":"2021-04-26T13:42:43","date_gmt":"2021-04-26T13:42:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/oc-is-having-a-good-quarter\/"},"modified":"2021-04-26T13:42:43","modified_gmt":"2021-04-26T13:42:43","slug":"oc-is-having-a-good-quarter","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/oc-is-having-a-good-quarter\/","title":{"rendered":"OC is having a good quarter"},"content":{"rendered":"

The EGX30 fell 0.7% at today\u2019s close<\/strong> on turnover of EGP 985 mn (23.5% below the 90-day average). Regional investors were net sellers. The index is down 3.0% YTD.<\/p>\n

In the green: <\/strong>Qalaa Holdings (+2.0%), Eastern Co. (+1.6%) and ElSewedy Electric (+1.1%).<\/p>\n

In the red: <\/strong>Oriental Weavers (-16.2%), Telecom Egypt (-6.1%) and MM Group (-3.4%).<\/p>\n

<\/a> Orascom Construction nets USD 650 mn in awards in 1Q2021: <\/strong>Our friends at Orascom Construction (OC) added USD 650 mn in new awards to its backlog during the first quarter of 2021, the company said in a press release (pdf)<\/a> this morning. Some 85% of awards during the quarter were for projects in Egypt, while the remainder came from projects in the US. OC\u2019s estimated consolidated backlog was valued at USD 5.3 bn by the end of the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGX30 fell 0.7% at today\u2019s close on turnover of EGP 985 mn (23.5% below the 90-day average). Regional investors were net sellers. The index is down 3.0% YTD. In the green: Qalaa Holdings (+2.0%), Eastern Co. (+1.6%) and ElSewedy Electric (+1.1%). In the red: Oriental Weavers (-16.2%), Telecom Egypt (-6.1%) and MM Group (-3.4%). […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[130,68,633,642,7111,363],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565716","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-construction","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-infrastructure","tag-orascom-construction","wpautop","entry"],"acf":{"mongo_id":"13d42a6d-5860-447d-8240-f5c8648ec9c1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[565710],"teaser":"","voice_url":""},"yoast_head":"\nOC is having a good quarter - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/oc-is-having-a-good-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OC is having a good quarter\" \/>\n<meta property=\"og:description\" content=\"The EGX30 fell 0.7% at today\u2019s close on turnover of EGP 985 mn (23.5% below the 90-day average). Regional investors were net sellers. The index is down 3.0% YTD. In the green: Qalaa Holdings (+2.0%), Eastern Co. (+1.6%) and ElSewedy Electric (+1.1%). In the red: Oriental Weavers (-16.2%), Telecom Egypt (-6.1%) and MM Group (-3.4%). 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(+7.7%), Fawry (+2.9%) and Heliopolis Housing (+2.6%).In the red: AMOC (-2.6%), Sidi Kerir (-2.2%) and Export Development\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621353,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/oc-adds-usd-520-mn-in-new-awards-to-its-3q2018-backlog-with-60-coming-from-egypt\/","url_meta":{"origin":565716,"position":5},"title":"OC adds USD 520 mn in new awards to its 3Q2018 backlog, with 60% coming from Egypt","author":"enterpriseam admin","date":"6 November 2018","format":false,"excerpt":"Orascom Construction (OC) added USD 520 mn in new awards to its 3Q2018 backlog, the company said in a statement on Monday (pdf). Consolidated backlog as of 30 September 2018 stood at USD 4.1 bn. 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