Business News Wrap-up
Mon, Aug. 21, 2017
Petrobel produced 345,000 barrels of equivalent oil per day in fiscal year 2016/17 with $693 million in investments, the Chairman said.
An investment consortium comprising Trafigura and UCP has also announced the closure of their acquisition of a separate 49 percent share of EOL.
The second and final phase of the three Siemens stations with a capacity of 14,400 megawatts in the new administrative capital.
Prices of newly-issued units is LE 184,000, up from LE 154,000 which was issued in April of last year.
It recorded LE 17.71 for buying and LE 17.81 for selling at the central bank.
The United Kingdom, the United States and Belgium are the largest foreign investors, Renaissance Capital said.
Total is buying Maersk's oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the
Gold prices were little changed on Monday as investors sought further direction after a week of geopolitical uncertainty in the United States and Europe.
Mohamed Omran has been serving as the Head of the Egyptian Exchange (EGX) for two sessions since September 21, 2011 until August 6, 2017.
About 90 percent of the work of the second phase of Dar Misr is finished and the implementation of facilities and water and gas networks has started.
Al Arafa for Investment, subsidiary to Arafa Holding, will own 40 percent in the new firm Italian Shirts DMCC, while Gheradi will acquire 50 percent.
Market capitalization achieved slight gains, recording LE 692 billion after LE 691.1 billion on Sunday. Turnover recorded LE 723 million.
First two 50MW solar plants under the second round of the FiT have secured finance from the EBRD at $116 million.