• Monday, 27 February 2023

    Ibnsina to invest EGP 200 this year. Plus: Kima, e-finance, Aman, Luberef

    INVESTMENT-Ibnsina Pharma to invest up to EGP 200 mn in 2023: EGX-listed pharma player Ibnsina Pharma plans to invest as much as EGP 200 mn to add warehouses and strengthen its meds distribution network this year, IR director Mohamed Shawky...
  • Monday, 29 August 2022

    Hassan Allam lands another Toshka contract + More wheat, courtesy of Romania

    Hassan Allam Construction to work on Toshka irrigation project: Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has been awarded a contract to install irrigation infrastructure as part of the project to reclaim land in Toshka for wheat production,...
  • Thursday, 25 November 2021

    Damanhour Uni president + health ministry official arrested on corruption charges

    Other things we’re keeping an eye on this morning: Corruption arrests: The president of Damanhour University and a Health Ministry official have been arrested by the Administrative Control Authority on charges of bribery and financial corruption. Uni president Ebeed Saleh...
  • Monday, 1 November 2021

    IDH hit by arbitration cases by Saudi-based Al Muhaidib Company

    Saudi Arabia’s Al Muhaidib Company is in the midst of international arbitration case and two administrative cases against LSE- and EGX-listed Integrated Diagnostics Holding (IDH), IDH CEO Hend El Sherbini, and Al Mokhtabar Chair Moamena Kamel, IDH said in a...
  • Wednesday, 21 April 2021

    Also on our Radar on 21 April 2021

    Egypt and Sudan are setting up an investment JV that will aptly be called the Egyptian-Sudanese Company, Amwal Al Ghad reports, citing unnamed sources. Egypt will likely hold 50-60% of the JV’s shareholder structure, which will include the Food Industries...
  • Thursday, 3 September 2020

    El Sisi, Netanyahu discuss UAE-Israel normalization accord

    Topping diplomatic coverage this morning: A phone call between President Abdel Fattah El Sisi and Israeli PM Benjamin Netanyahu on the recent UAE-Israel diplomatic breakthrough. El Sisi welcomed news of the normalization agreement, according to an Ittihadiya statement, but cautioned...
  • Thursday, 9 July 2020

    Technip signs USD 1 bn+ contract for Assiut refinery

    Technip signs USD 1 bn+ contract for Assiut refinery: French construction firm Technip has signed an engineering, procurement and construction contract worth more than USD 1 bn to build a hydrocracking complex for the Assiut Oil Refining Company, Technip said...
  • Tuesday, 21 April 2020

    Saipem partners with Petrojet to build Egypt’s first polybutadiene plant

    A consortium of Saipem and Petrojet has been awarded a contract by the Egyptian Ethylene and Derivatives Co. (Ethydco) to build Egypt’s first polybutadiene plant, Saipem said in a statement. The project is estimated to cost USD 150 mn and...
  • Sunday, 16 February 2020

    Egypt inks its first WestMed oil, gas exploration agreements as EGYPS wraps up

    Egypt inks its first WestMed oil, gas exploration agreements: The Oil Ministry signed yesterday MoUs with five international oil companies — Royal Dutch Shell, Chevron, BP, Total, and ExxonMobil — for deepwater oil and gas exploration and production off its...

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