Browsing Tag
Egypt
117 posts
DNO revises $396m Capricorn Energy takeover as Egypt expansion moves closer
DNO ASA has converted its $396 million Capricorn Energy acquisition into a full $5.214-per-share cash offer, removing the special-dividend structure and increasing certainty for shareholders.
UFlex opens $126m Egypt aseptic plant as global capacity reaches 24bn packs
UFlex has inaugurated a $126 million Asepto facility at Ain Sokhna in Egypt with eventual annual capacity of 12 billion aseptic packs, giving the Indian packaging group a second major manufacturing base and a shorter route into Europe, Africa, the Middle East and the Americas.
Energean (LSE: ENOG) jumps as 45% profit rise meets $3.2bn debt test
Energean profit rose 45% and production has rebounded. Can Katlan, $5bn of gas contracts and stronger H2 output reduce its $3.2bn debt?
China-Egypt ties enter new phase as Xi Jinping returns to Cairo after decade-long absence
Xi Jinping returns to Egypt after 10 years as China deepens Suez investment, Belt and Road cooperation and its strategic reach across Africa.
Yomo gets preliminary CBE approval as CIB commits $300m to Egypt digital bank
CIB-backed Yomo has received preliminary approval from the Central Bank of Egypt and is moving toward launch, but Onebank’s earlier licence means execution, not first-mover status, will decide the race.
UFlex shares jump 26% after Q1 as overseas operations drive 91% of incremental EBITDA
UFlex Limited posted a 630% Q1 FY27 profit jump and its highest EBITDA margin in 21 quarters, but the deeper story is geographic. Overseas operations generated about 91% of incremental EBITDA while net debt remained â‚ą8,588 crore.
Boeing lands $636m Apache sustainment award as Mesa aftermarket franchise pushes past $1.1bn
Boeing wins $636.1m US Army Apache modification, lifting the contract past $1.1bn as Mesa sustainment work runs through April 2029. What comes next?
Coca-Cola HBC raises 2026 profit outlook as volume growth strengthens ahead of $2.6bn Africa expansion
Coca-Cola HBC AG has raised its 2026 profit outlook after first-half volumes climbed 7.5%, marking a significant shift from price-led growth just as the bottler prepares for its biggest African expansion.
Saudi Arabia unveils 14-country maritime coalition to protect Red Sea shipping
Saudi Arabia has 14-country backing for a Red Sea coalition, but its credibility depends on ships, command rules and coordination with existing missions.
Trump announces Gaza disarmament deal, but Israel and Hamas have not confirmed agreement
Trump says Hamas will disarm and Israel will withdraw, but neither side has confirmed the deal. Gaza’s ceasefire now faces a decisive credibility test.