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Manage episode 425110545 series 2987212
State gas firm EGAS is seeking at least 17 LNG shipments in a tender, to be delivered over the next three months.
International Cooperation Minister has signed agreements with US Ambassador to Egypt for eight USAID grants worth USD130 million to further the state’s developmental objectives.
The new ministerial lineup could reportedly be delayed for several days.
The Suez Canal Economic Zone signed USD10.8 billion worth of green hydrogen and ammonia projects in 2023.
Pharos Energy revealed that it had received USD13.8 million of its arrears owed by the EGPC of which USD10 million were paid in dollars.
Egypt’s merchandise exports increased in the first five months of 2024 by about 10% to USD16.6 billion.
Turkish ready-made garment maker Şirikcioglu has obtained approval from Egypt’s government to establish a denim factory in Port Said with an estimated investment cost of USD700 million.
The Ministry of Finance expects to collect USD2 billion in revenues from the initiative to facilitate the import of cars for Egyptians abroad.
Kima released 3Q23/24 unaudited financial indicators. Bottom line turned into losses during 3Q23/24 with a net loss of EGP411 million as compared to a net profit of EGP262 million in 3Q22/23 and EGP163 million in 2Q23/24 due to growing interest expenses. On a nine-month basis, net profit declined by 91% YoY to EGP102 million in 9M23/24 from EGP1.1 billion in 9M22/23. Kima is currently trading at a 2023/2024f PE of 21.2x and EV/EBITDA of 8.6x.
Energean has agreed to sell its assets in Egypt, Italy, and Croatia to Carlyle for up to USD945 million.
Ades Holding signed a two-year SAR185 million contract with the Suez Oil Company to deploy a jack-up rig in the Suez Canal, a subsidiary of the state’s Egyptian General Petroleum Corporation (EGPC).
ValU, HRHO’s subsidiary, signed a partnership agreement with Alameda Healthcare to provide flexible payment solutions for customers.
Beltone Holding aims to bring its assets under management (AUMs) to EGP50 billion over the next three years, up from a current EGP28 billion.
BINV is looking to invest EGP1.5-2 billion throughout the year with a focus on the healthcare and pharma sectors.
Cairo-based fintech startup Sahl is mulling over filing for a digital bank license from the Central Bank of Egypt.
1407 episodes
Manage episode 425110545 series 2987212
State gas firm EGAS is seeking at least 17 LNG shipments in a tender, to be delivered over the next three months.
International Cooperation Minister has signed agreements with US Ambassador to Egypt for eight USAID grants worth USD130 million to further the state’s developmental objectives.
The new ministerial lineup could reportedly be delayed for several days.
The Suez Canal Economic Zone signed USD10.8 billion worth of green hydrogen and ammonia projects in 2023.
Pharos Energy revealed that it had received USD13.8 million of its arrears owed by the EGPC of which USD10 million were paid in dollars.
Egypt’s merchandise exports increased in the first five months of 2024 by about 10% to USD16.6 billion.
Turkish ready-made garment maker Şirikcioglu has obtained approval from Egypt’s government to establish a denim factory in Port Said with an estimated investment cost of USD700 million.
The Ministry of Finance expects to collect USD2 billion in revenues from the initiative to facilitate the import of cars for Egyptians abroad.
Kima released 3Q23/24 unaudited financial indicators. Bottom line turned into losses during 3Q23/24 with a net loss of EGP411 million as compared to a net profit of EGP262 million in 3Q22/23 and EGP163 million in 2Q23/24 due to growing interest expenses. On a nine-month basis, net profit declined by 91% YoY to EGP102 million in 9M23/24 from EGP1.1 billion in 9M22/23. Kima is currently trading at a 2023/2024f PE of 21.2x and EV/EBITDA of 8.6x.
Energean has agreed to sell its assets in Egypt, Italy, and Croatia to Carlyle for up to USD945 million.
Ades Holding signed a two-year SAR185 million contract with the Suez Oil Company to deploy a jack-up rig in the Suez Canal, a subsidiary of the state’s Egyptian General Petroleum Corporation (EGPC).
ValU, HRHO’s subsidiary, signed a partnership agreement with Alameda Healthcare to provide flexible payment solutions for customers.
Beltone Holding aims to bring its assets under management (AUMs) to EGP50 billion over the next three years, up from a current EGP28 billion.
BINV is looking to invest EGP1.5-2 billion throughout the year with a focus on the healthcare and pharma sectors.
Cairo-based fintech startup Sahl is mulling over filing for a digital bank license from the Central Bank of Egypt.
1407 episodes
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