Elsewedy Electric Launches Three Strategic Industrial Projects With Investments Over $200 Mln

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.

Elsewedy Electric Balances Regional Growth and Global Challenges

Elsewedy Electric balances regional growth and global challenges.