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Wednesday, 21 September 2022

Sha7en gets license to operate EV charging stations

The Transport Ministry yesterday sent out the tender document for the Tenth of Ramadan dry port to the four qualifying consortiums, it said in a statement. MSC, Elsewedy Electric-CGM CMA-CEVA Logistics, Orascom Construction-Abu Dhabi Ports, and Bollore Logistics-Meridiam are all competing for the contract to build the 250-feddan dry dock.

EGX-listed MB Engineering's EV charging subsidiary Sha7en has received a license to operate EV charging stations, it said in a disclosure, (pdf) to the EGX yesterday.

More Egypt-Qatar talks: Industry and Trade Minister Ahmed Samir held talks with the chairman of the Qatar Chamber of Commerce over increasing bilateral trade and investments, the ministry said yesterday.

Other things we’re keeping an eye on this morning:

  • A consortium of Saudi Egyptian Developers and the UAE’s Al Shafar General Contracting (ASGC) is among the companies bidding to redevelop the former National Democratic Party headquarters. (Hapi Journal)
  • Elsewedy Electric subsidiary Rowad Modern Engineering was awarded an EGP 418 mn contract to construct three biological products factories for EIPICO in Tenth of Ramadan City. (Statement, pdf)
  • Bahraini telecom carrier Infonas has landed in Egypt and is reportedly looking to sign cooperation agreements with three local IT and communications companies. (Al Mal)
  • Payments platform PayTabs has expanded its social commerce platform Paymes to Saudi Arabia and the UAE. The platform was launched here in May after Paymes merged with PayTabs (Statement)
  • Egyptian Modern Education Systems could establish a private university in the new capital. The company recently moved from the small-cap Nilex index to the EGX. (Statement, pdf)

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