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Egyptian oil ministry inks 5 agreements on EGYPS 2020’s 3rd day
16 - Sun - Feb - 2020
Egyptian oil ministry inks 5 agreements on EGYPS 2020’s 3rd day
Egypt’s oil ministry signed five agreements and memorandums of understanding (MoUs) during the third day of the Egypt Petroleum Show (EGYPS 2020).An agreement was signed for the expansion of Western Desert gas complex in Alexandria, according to a statement released on Thursday.A consortium of Enppi…
Aton obtains new gold exploration license in Egypt
16 - Sun - Feb - 2020
Aton obtains new gold exploration license in Egypt
Aton Resources has received licenses at for exploration at Hamama and Abu Marawat concessions in Southern Egypt.“As only the second mining license to be issued since Centamin’s, this is historic news for Aton and Egypt,” said the company’s Mark Campbell, President and CEO.​​​​​​​The license is valid…
Faisal Islamic Bank’s assets reach over EGP 103bn in January 2020
16 - Sun - Feb - 2020
Faisal Islamic Bank’s assets reach over EGP 103bn in January 2020
Faisal Islamic Bank of Egypt’s assets grew by 13.9% year-on-year at the end of January 2020.The bank’s assets rose to EGP 103.148 billion in January from EGP 90.593 billion in the same month a year earlier, according to a bourse statement released on Thursday.Moreover, the…
Saudi Egyptian Investment records higher profit in 2019
16 - Sun - Feb - 2020
Saudi Egyptian Investment records higher profit in 2019
Saudi Egyptian Investment and Finance has reported a 4.25% year-on-year profit increase during the fiscal year 2019.The company’s net profit went up to EGP 23.26 million last year, compared to EGP 22.31 million in the year-ago period, according to a bourse statement released on Thursday.Meanwhile, revenue…
Tesla may float $2bn shares to strengthen balance sheet
16 - Sun - Feb - 2020
Tesla may float $2bn shares to strengthen balance sheet
 American electric vehicle and clean energy company Tesla Inc. is planning to raise $2 billion through a public share offering, Reuters reported on Thursday.The company’s CEO Elon Musk will buy up to $10 million in shares, while board member Larry Ellison will purchase $1 million worth of…