Elsewedy Electric Balances Regional Growth and Global Challenges

EGX 30 rises 0.5% as Elsewedy highlights $200 mln investment plan

The EGX 30 rose 0.5% to 52,558.4 points on July 15, with Elsewedy Electric dominating the news flow. MSN reported on July 10 that Elsewedy Electric wants to invest $200 million in Egypt's industrial sector, preserving the conditional nature of the plan. Ad-hoc-news.de said on July 9 that the group is balancing regional growth with global challenges, with no additional figures in the headline. The Petroleum Ministry said on July 8 that the phosphate industries complex with Elsewedy Electric reflects the success of mining reforms and a public-private partnership, according to petroleum.gov.eg.

Cairo Stock Exchange — Amer Group Jumps 4.3% Even as EGX 30 Slips 0.11%

Amer Group Holding rose 4.3% to EGP 3.16 on EGP 143.1 million in turnover while the EGX 30 fell 0.11%. The move points to selective buying in Egyptian real estate stocks as the dollar traded at EGP 49.86.

Minister of Petroleum and Mineral Resources: Phosphate Industries Complex with Elsewedy Electric Reflects the Success of Mining Reforms

Minister of Petroleum and Mineral Resources: Phosphate Industries Complex with Elsewedy Electric Reflects the Success of Mining Reforms and Embodies Public-Private Partnership  petroleum.gov.eg