news

Sharm El-Sheikh to become a smart green city
12 - Wed - Feb - 2020
Sharm El-Sheikh to become a smart green city
 Egypt plans to transform Sharm El-Sheikh into a smart sustainable green city, to increase the ratio of open areas per capita for both citizens and visitors from around the globe.The General Authority for Urban Planning, Ministry of Housing, in cooperation with the United Nations Human…
Several MoUs signed on EGYPS 2020 second day
12 - Wed - Feb - 2020
Several MoUs signed on EGYPS 2020 second day
The Petroleum Projects and Technical Consultations Company (PETROJET) will be working on petroleum and refining projects in Equatorial Guinea for the first time, as per agreements signed during day two of the Egypt Petroleum Show (EGYPS 2020).A memorandum of understanding (MoU) was signed by the…
Spinalex narrows losses in H1-FY19/20
12 - Wed - Feb - 2020
Spinalex narrows losses in H1-FY19/20
Alexandria Spinning and Weaving (Spinalex) reported a decline in losses by 39.4% during the first half (H1) of fiscal year (FY) 2019/2020, according to a statement to the Egyptian Exchange (EGX) on Wednesday.Losses amounted to EGP 18.17 million between July and December of last year, compared…
Nasr for Civil Works to distribute EGP 0.5/shr, 33% bonus shares
12 - Wed - Feb - 2020
Nasr for Civil Works to distribute EGP 0.5/shr, 33% bonus shares
The board of Nasr Company for Civil Works has approved the distribution of cash dividends to shareholders at EGP 0.50 per share.The board of directors has also amended its recommendation to distribute bonus shares, from one for every two original shares to one per three, the company…
Evergrow in talks for EGP 19bn finance to fund 2 projects
12 - Wed - Feb - 2020
Evergrow in talks for EGP 19bn finance to fund 2 projects
Evergrow For Speciality Fertilizers is negotiating EGP 19 billion loans to fund two projects with a group of financial institutions from Germany, Switzerland, and the GCC, chairman Mohamed El Kheshen announced on Tuesday.Contracts are expected to be signed in September or October 2020, El Kheshen said.Evergrow is…