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Benha investment zone reaches 96% completion – official
17 - Mon - Feb - 2020
Benha investment zone reaches 96% completion – official
Construction of Benha investment zone in the governorate of Qalyubia is 96% complete, the executive chairman of the General Authority For Investment and Free Zones (GAFI) Mohamed Abdel Wahab revealed. Spanning over 46 feddans, the investment zone will be home to 187 units operating in agricultural, food, and…
Mopco achieves EGP 830m profit in 2019 initial standalone results
17 - Mon - Feb - 2020
Mopco achieves EGP 830m profit in 2019 initial standalone results
The standalone financial indicators for 2019 of Misr Fertilizers Production Co (Mopco) showed a 43.8% drop in net profits to EGP 830.42 million from EGP 1.48 billion in 2018.The decline in net profits resulted from a foreign exchange loss of EGP 450 million due to an exchange…
Beltone’s board agrees on EGP 553m capital rise
17 - Mon - Feb - 2020
Beltone’s board agrees on EGP 553m capital rise
The board of Beltone Financial Holding has approved to raise the company’s issued capital by EGP 553.27 million to EGP 891.3 million from EGP 338.03 million.The company referred that the capital will be distributed over 445.65 million shares at a nominal value of EGP 2 apiece, the…
EMPC to buy Arab Contractors’ stake in Arabian Hospitality
17 - Mon - Feb - 2020
EMPC to buy Arab Contractors’ stake in Arabian Hospitality
The board of directors of the Egyptian Media Production City Co (EMPC) approved a decision to take over the entire stake of Arab Contractors and its subsidiaries in Arabian Hospitality Co. at EGP 115 per share as estimated by the National Bank of Egypt (NBE).The stake of Arab…
US mulls halting GE engine deliveries to China's new aircraft
17 - Mon - Feb - 2020
US mulls halting GE engine deliveries to China's new aircraft
The US government is mulling a proposal to stop exporting jet engines co-manufactured by General Electric Co to China as trade war between the world’s two largest economies continues to escalate, Reuters reported on Sunday, citing people familiar with the matter.The proposed halt of engine…