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17 Feb 2019

Understanding Renewable Energy

CAIRO - 16 February 2019: With a plan to expand urban zones from the current 6% to 12% of the country’s total area, Egypt is building 15 new fourth-generation cities where facilities will be managed in a sustainable way. There are also plans to increase the current 114 industrial zones"...

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17 Feb 2019

SODIC targets LE7.2 bn of contracted sales & delivery of 1,151 units

Sixth of October Development & Investment Company “SODIC” has announced its guidance for 2019 targeting EGP 7.2 billion of contracted sales.

We expect West Cairo to contribute heavily to our growth"...

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17 Feb 2019

Marasem to get LE940m to fund projects in NAC

Marasem International For Urban Development concluded final contracts last week for getting a Sharia-compliant revolving loan facility worth EGP940mln to meet outstanding dues for its projects in the New Administrative Capital.

Revolving"...

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17 Feb 2019

Egypt aims to be global center for int’l exhibitions: Trade Min

Egyptian Minister of Trade and Industry Amr Nassar said on Friday that his ministry aims to make Egypt a regional and international center for international exhibitions, pointing out the ministry’s keenness to benefit from international and European expertise in general and German in"...

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17 Feb 2019

Damietta Liquefaction Plant to export 550m scf of gas/day in April after six-year suspension

The Egyptian government has agreed with the foreign partners in the Damietta Liquefaction Plant to export about 550m cubic feet (scf) of gas daily to international markets by April after a suspension which lasted for six years.

A"...

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17 Feb 2019

Egypt lawmakers push ahead with extending El-Sisi's term

Cairo: Egypt’s parliament pushed ahead a proposal that could extend President Abdel-Fattah El-Sisi’s grip on power until 2036, to the dismay of critics who say he’s steered the country back on an authoritarian course.

Lawmakers"...

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17 Feb 2019

El Farasha seeks to hire IPO advisors for 2Q2019 offering

El Farasha for Manufacture and Printing Packing Materials (EFMP) seeks to hire IPO advisors to help it navigate the steps that are involved with the IPO process on the Egyptian Exchange (EGX) in the third quarter (Q3) of 2019, as the company mulls expansion in the local market, Chairperson"...

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17 Feb 2019

Egypt Cuts Benchmark Rate for First Time in Nearly Year

Cairo: Egypt’s central bank unexpectedly cut the benchmark deposit rate by 100 basis points Thursday, its first such move in almost a year, as inflationary pressures ease and investor inflows recover from last year’s rout in emerging markets.

The"...

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17 Feb 2019

NTRA licences Etisalat Misr to provide triple-play services in compounds

The National Telecommunications Regulatory Authority (NTRA) has granted the mobile network operator, Etisalat Misr, a triple-play telecom licence that allows the firm to provide mobile and landline services, high-speed broadband, and fiber-optic TV services.

NTRA’s"...

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17 Feb 2019

Avena Group plans to increase production after opening 2 new factories

The Port Said Company for Electrical Industries – Avena Group is planning to increase its production and exports of LED light bulbs after opening the company’s two new factories in the coming period, according to Abdo Shaaban, chairperson of Avena Group.

Shaaban"...

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