news

Egyptian fertilizer firm Evergrow to float 30% on local bourse
13 - Thu - Feb - 2020
Egyptian fertilizer firm Evergrow to float 30% on local bourse
Egyptian fertilizer company Evergrow is planning to float 30% of its shares on the Egyptian stock exchange within two years, its chairman said on Tuesday.The move will support the company’s expansion plans in the country, Mohamed El-Kheshen said.Founded in 2006 in Abo Rawash Industrial Zone,…
EGX ratifies listing MNHD's capital increase shares
13 - Thu - Feb - 2020
EGX ratifies listing MNHD's capital increase shares
The Egyptian Stock Exchange (EGX) approved listing 1,335,085,200 shares of Madinet Nasr Housing & Development's (MNHD) capital, after increasing issued and paid-up capital, on its database on Feb. 27.The EGX ratified listing the capital increase shares of MNHD. The company will increase its capital from EGP 111,257,100 to EGP 333,771,300 with an increase amounting…
Orange to invest EGP 4bn in Egypt in 2020
13 - Thu - Feb - 2020
Orange to invest EGP 4bn in Egypt in 2020
Orange Egypt for Telecommunications is planning to pump around EGP 4 billion investments in Egypt during 2020 to develop and upgrade infrastructure all over the country.The newly-announced investments will see the company’s total investments in Egypt reach more than EGP 60 billion, according to a statement…
Egypt’s ECS enters into protocol with ITIDA
13 - Thu - Feb - 2020
Egypt’s ECS enters into protocol with ITIDA
The Egyptian Commercial Service (ECS) on Wednesday signed a memorandum of understanding with the Information Technology Industry Development Agency (ITIDA) for the attraction of foreign investments to Egypt.The protocol is aimed at the promotion of Egypt’s competitiveness in the global market in the Information and…
Egypt’s oil ministry inks group of pacts on EGYPS 2020
13 - Thu - Feb - 2020
Egypt’s oil ministry inks group of pacts on EGYPS 2020
Egypt’s oil ministry on Wednesday signed a group of agreements and memorandums of understanding (MoUs) during the Egypt Petroleum Show (EGYPS 2020).The ministry signed an agreement with BSW Group Holdings and Shard Capital Partners for a processing and petrochemical complex planned to be built in…