Daily News

The Egyptian government receives the first installment of the UAE's IDQ Holding as part of its ac

Feb 29 2024

The central bank receives the first installment of the Ras Al Hikma deal, under which the UAE's ADQ acquired the rights to develop the city for  $35 billion. Another payment of the deal is due to […]

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$41 billion in new investments to implement green hydrogen and renewable energy projects in Egypt

Feb 29 2024

Egypt has signed seven non-binding memorandums of understanding with international and local companies to implement projects to produce green hydrogen and renewable energy, at a total investment cost […]

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The government is considering a proposal from Italian manufacturing company Danieli to establish an

Feb 29 2024

  The government is considering a proposal from Italian manufacturing company Danieli to establish an integrated industrial park with an investment value of $ 4 billion, for the manufacture of iron an […]

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Danish shipping giant Maersk has begun due diligence proceedings in its acquisition of the 545 MW Za

Feb 29 2024

Danish shipping giant Maersk has begun due diligence proceedings in its acquisition of the 545 MW Zafarana wind farm, in preparation for a final acquisition bid for half of the farm's assets. (Al […]

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Announcement of the offer to buy Be Investments (BINV.CA) on Orascom Financial (OFH.CA) through a

Feb 29 2024

  B Investments Holding (BINV.CA) announced a compulsory offer to buy 4.249 billion shares through a swap of shares without cash option, excluding treasury shares representing 1.64% of  the company […]

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SODIC (OCDI.CA) to target EGP 10 bln in construction in 2024

Feb 29 2024

The general manager of Sixth of October Development and Investment Company (SODIC) (OCDI.CA) said that the company aims to inject about EGP 10 billion into construction work in its projects this year. […]

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Edita Food Industries (EFID.CA) has submitted documents to reduce its issued and paid up capital fr

Feb 29 2024

   Edita Food Industries (EFID.CA) has submitted documents to reduce its issued and paid up capital from EGP 144,611,687.8 to EGP 140,002,731.2 with a reduction of EGP 4,608,956.6 by executing  the  2 […]

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Oriental Weavers Carpet (ORWE.CA): Consolidated profits double by end of 2023

Feb 29 2024

The results of the consolidated Oriental Weavers Carpet Company (  ORWE.CA)  showed a doubling of net profit to EGP 1.7 billion by the end of 2023 compared to EGP 842.9 million by the end of 2022. (Fi […]

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Recent News

Saturday… El Badr Investment And Development BID calls for the company...

Company name: El Badr Investment And Development BID Date: 2-03-2024 Time: 3:00 PM Address: Chamber