Alyaa Stohy

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Commodity Exchange to start operation in Q1 2022

Ibrahim Ashmawy, head of the Internal Trade Development Authority (ITDA), said that the government aims to launch the Egyptian Commodity Exchange in the first quarter (Q1) of next year.  The Commodity Exchange has been established within the framework of the state’s plan to develop internal trade. He pointed out that trading in any commodity exchange …

Alyaa Stohy

Ayady’s Ergo Media Ventures invests in Film Clinic

The Ayady for Investment and Development’s Ergo Media Ventures has signed contracts to invest in Film Clinic to expand the latter’s activities of development, production, and distribution of Egyptian films for regional and international audiences. Hala El-Said, Minister of Planning and Economic Development and Chairperson of the National Investment Bank (NIB), witnessed the signing of the investment contracts. The agreements were signed by Chairperson of Ayady for Investment and Development, …

Alyaa Stohy

Orascom Construction reports backlog of $5.9bn, net income of $47.7m in H1 2021

Orascom Construction has reported consolidated backlog increase of 8.8% year-over-year (y-o-y) to $5.9bn, while its pro forma backlog including 50% share in BESIX Group increased 6.0% y-o-y to $8.4bn as of 30 June 2021. Consolidated new awards increased 36.2% y-o-y to $1.8bn and pro forma new awards including 50% share in BESIX increased 35.9% y-o-y …

Alyaa Stohy