46 Articles
The sources added that CI Capital is serving as a financial adviser for the two offerings, while Fenby Financial Consulting will study their fair value and is scheduled to reach a conclusion within two months.
25% expected share of Egyptian government in project
CI Capital to act as financial adviser, FinBi to conduct a fair value study
The International Commercial Securities came in second place with a rate of 10.5%, then the Financial Group for Brokerage in Securities with a turnover of EGP 7.9bn and a trading volume of 1.1 billion shares.
Sources told Daily News Egypt that entering in new segments will help the platform expand its investments in the pharmaceuticals sector.
Strategy predicts global hydrogen demand to be around 90 million tonnes
Esmat stressed on strengthening partnership with the private sector and attracting foreign investments in many industrial fields and economic activities in which subsidiaries operate, which represent promising opportunities.
The sources added that the choice came after a comparison between several offers from various companies, pointing out that the study may take about a month.
Sources told Daily news Egypt the new school will be owned by Abo Soma Development and will be able to host 300 students when fully operational, adding that the new school is targeted to start operations in September 2024.
We aim to support Egypt in achieving its developmental goals: OPEC Director-General
Company injects more than $1bn in wind farm in Gulf of Suez
She stressed in a statement to Daily News Egypt on Saturday the importance of agreeing on the main points of implementation mechanisms before reaching the COP28.
The two countries are collaborating on two energy projects
Fund will finance renewable energy projects in the Middle East, North Africa, Eastern Europe. and Central Asia
Al-Huraimel told Daily News Egypt that the company launched its operations in the New Administrative Capital and targets Sharm El-Sheikh, coinciding with COP27.
In a press conference on the sidelines of the 27th UN Conference of the Parties on climate change (COP27) on Friday, she added that the negotiations touched on climate, health, jobs, green energy, and national security related to mass immigration, noting that improving the current situation is a moral responsibility of all active parties in climate action.
The project will export clean energy from Egypt to Europe via Greece, and Greece will use part of the energy, and export the bulk to European countries.
Major countries bear cost of climate change to uphold values of justice
If price is revised, MNHD may conduct due diligence
As part of the new partnership scope, Waffarha will gain further access to valU’s wide network by making the former an accepted payment method through all valU’s points of sale (PoS) in addition to allowing customers to recharge their ‘Waffarha Wallet’ using valU and taking advantage of the services available on Waffarha to pay their bills using valU.
This came after the EGX’s Indicators Committee adopted the new sub-indices methodology to complement the efforts to develop indicators for measuring the performance of traded securities.
Negotiations have reached the final stages and the signing will take place within weeks
The acquisition is expected to drive sizeable growth for Transmar, Egypt’s only container shipping company
With the tie-up, Contact will support Wasla’s product rollout and regional expansion with a series of investments totalling up to $9m, aiming to realise Wasla’s mission to enable e-commerce, payments, and credit for large audiences in emerging markets.
Amr Aboul-Enein, the company’s Managing Director, said that CIAM has taken steps in the direction of establishing a cash fund affiliated with CI Capital with an initial size of EGP 100m to be ready for subscription before the end of the second quarter (2Q) of this year.
Company seeks to issue sukuk during current quarter: Sources
In an interview with Daily News Egypt, Khalil said that the branch in Aman’s contributions to the company’s total revenues amounted to about 15%, stressing the company’s plan to maximise its market share in the electronic payment market.
MCDR’s new chairperson will be elected for one-year term to complement the current board’s tenure from 2018 to 2021.
Company in process of forming new board as soon as possible, says HCCD chairperson
EGP 4bn targeted portfolio by end of 2022: Rashad