GE Power, Egypt’s EETC to connect 120 MW of wind power to national grid
The project is scheduled to start working by the end of 2018
Elsayed Solyman
21 Articles
Latest by Elsayed Solyman
Automotive sector on track to revival as industry strategy set to lure fresh investments
Auto manufacturers set goals to develop the sector on the sidelines of Annual Automotive Summit
GB Auto not ruling out stake sale to investors in private placement
The company considers all investment opportunities, says Raouf Ghabbour
Egypt shares likely to retreat as investors book gains ahead of year-end
EGX30 drops 1.97% amid local traders sell-off streak
Vernbro Global launches Downtown Delta project with total investment of EGP 6bn
Project is set to create 50,000 jobs, serve 42 million people
Wheat reserves at all-time high: Minister of Supply Ali Moselhy
Reserves adequate for 4.3 months, until end of April
Foreigners net buyers on Sunday despite decision; EGX30 hit all-time high
CBE imposes entrance fees not to affect foreign inflows in stock market
Orange juice futures hover around highest level in 2 years amid supply concerns
Florida’s orange production is already at its lowest since 1964
Egypt likely to extend gains on foreign and Arab investor purchases
Valuations remain supportive for equities, YTD returns driven by EPS growth, says EFG Hermes
Egypt scraps foreign exchange restrictions for importers
CBE removes caps for deposit, withdrawal of foreign currency for importers of non-essential goods
Egypt, Turkey put aside differences to boost business relations
Plans to establish a new industrial zone in Egypt worth EGP 3bn
Egypt shares likely to keep rally alive as foreign investors build new positions
EGX 30 surges 1.87% in week buoyed by foreign and Arab purchases
Green bond issuance passed a global record of $100 billion benchmark this year
African exchanges discuss listing green bonds to boost liquidity
Egyptian parliament approves a draft law to increase taxes on tobacco
Based on the amendment, cigarette prices will increase by 3.5 to 6.5 EGP
African stock market booms, but challenges remain
Although starting from a low base, a recent IMF study shows that African markets have begun to help in financing
Egypt shares likely to extend sideways move as CBE keeps interest rates on hold
EGX30 lost 3.5% in a week, hovering around its lowest level in 9 months
Egypt to add 11 power plants to national grid starting 2018: Mohamed Shaker
The new power projects will add 6,000 jobs, supply 350,000 homes with electricity
Currency flotation increased exports by $2bn: Tarek Kabil
The industrial area will help incur more foreign inflows to the country, the trade and industry minister says
Government land pricing policy reasonable for investors: Minister of Housing Mostafa Madbouly
High interest rate environment negatively affected investment in real estate sector
Egypt shares almost flat in week as foreign investors book gains
EGX30 index ticks up 0.22%, or 30.8 points, to close at 14,350.14 poin
Industry leaders, global investors explore opportunities at 7th annual EFG Hermes London Conference
Frontier emerging markets represented by this year’s expanded roster of conference participants
TMG denies Alwaleed bin Talal investments as company’s falls
The group says it received several inquiries regarding bin Talal’s investments
Emaar Misr Q3 profits rise 29% as revenues accelerate
Net profit hits EGP 479.4 million in the three-month period ended September 2017
IMF meetings with Egypt’s top officials underway in full swing
The delegation scheduled a meeting to finish reviewing budget by the end of this week
Egyptian non-oil private sector downturn eases in October
Business confidence hit a 26-month high, signaling strong optimism towards future growth prospects
Dice institutional offering oversubscribed, generates EGP 2 bln
The Combined Offering consists of 33,046,420 ordinary shares, including 28,089,457 shares for the Institutional Offering
Egypt shares extend rally, record best weekly gains since September
EGX30 soars 2.61% or 363.8 points to 14,319.34 points
Pound sets for modest depreciation in 2018/19: Capital Economics
The currency has weakened by 50% against the dollar since it was floated last November
One year after Egypt floated its currency, foreign investors are back to local stock market
EGX30 sours 63% in a year as cheap stocks attract attention from foreign funds
GE’s new Badr substation in Egypt connects 1.5 GW to the grid
The new substation will secure power supply with minimum loss of transferred power