Elsewedy and Telecom Egypt drive flow as EGX 30 slips 0.39%
The EGX 30 closed at 56,280.2 points, down 0.3903% on September 10. Elsewedy Electric led the news flow with 3 updates in 2 days, including the energization of a 50 MW storage asset in Greece, reports Solarbytes, and an expansion of turbine services, according to Utilities Middle East. The company also partnered with Vodafone Business and Cassava Technologies to establish 1 data center, according to TradingView. Telecom Egypt signed a deal with PSL for 1 Red Sea-Med subsea cable, reports Communications Today, while EG-IX said Egypt peaked near 1 Tbps across 18 member networks, according to tech dot africa. In corporate news, Value8 asked Dutch courts to freeze Orascom Construction’s proposed merger with OCI Global, reports EnterpriseAM.
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