Egypt’s Qalaa Holdings revenues grow 27% y-o-y in 2021
Egypt’s Qalaa Holdings, one of the country’s largest investment companies, reported on Sunday a 27 percent…
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ERC
Egypt’s Qalaa first-quarter revenues rise 191%
Egypt’s Qalaa Holdings, a leader in energy and infrastructure, has recorded a 191 percent year-on-year increase in…
Egyptian Qalaa Holdings’ shares plunge on diluted refinery stake
Shares in Qalaa Holdings, one of the largest investment companies in Egypt, dropped by nearly 10 percent on…
Egypt’s new oil refinery to begin actual output in Q1-2019
Egypt’s long-awaited oil refinery near Cairo will start actual operations in the first quarter of 2019, a source in…
Qalaa completes ‘92 percent’ of works on Egypt’s largest oil refinery
Egypt’s Qalaa Holdings has completed 92 percent of the works in the Egyptian Refining Company’s (ERC) anticipated…
Qalaa: ERC’s refinery will save Egypt $1.8 billion annually
The Egyptian Refining Company’s (ERC), anticipated oil refinery project will save Egypt between $1.5 billion and…
Qalaa: Egypt’s $3.7bn largest refinery project is in ‘final stage’
The Egyptian Refining Company (ERC), a subsidiary of one of Egypt's largest investment companies Qalaa Holdings, is…
Japan’s JBIC extends loans to Egyptian energy companies
The Japan Bank for International Cooperation (JBIC) extends its loans to the Egyptian Offshore Drilling Company and…
Orascom Sheds Assets in Egypt As It Restructures Business
Swiss-listed Orascom said on Sunday it would divest stakes in a number of non-core assets in Egypt as it…
Egyptian Resorts signs MoU with Orascom Hotels to Acquire EGP0.9-1bln Assets
Egyptian Resorts Company (ERC) signed an MoU with Orascom Hotels & Development (OHD) as an initial step to…
New Refinery Promises Some Relief to Egypt Fuel Crisis
Construction of Egypt's largest oil refinery, with capacity to produce half the volume of diesel currently being…
OTMT Tops Egypt Bourse’s Traded Volumes in a Week
Through last week trading, Orascom Telecom Media & Technology Holding S.A.E. managed to lead the top ten active…
OTMT Tops Egypt Bourse’s Traded Volumes in Week
Amid last week trading, Orascom Telecom Media & Technology Holding (OTMT.CA) has managed to become on the top…
Citadel’s Heikal Bullish on Egypt’s Return to Growth
Citadel Capital’s Founder and Chairman Ahmed Heikal said in a key note interview at the Egypt/GCC Investment Forum…
Citadel’s ERC Receives Renewal of Government of Egypt Comfort Letter
Egyptian Refining Company (ERC), a core platform company of Citadel Capital (CCAP.CA), the leading investment…
Banque Du Caire Reissues US$ 40 Mln L/C for Citadel’s ERC
For the second year in a row, Banque Du Caire agreed last May to issue US$ 40 million Letter of Credit for the…
Citadel Capital Narrows FY12 Net Loss By 12.4%, Reports Improvement
Citadel Capital (CCAAP.CA on the Egyptian Exchange), the leading investment company in Africa and the Middle East…
Citadels’ ERC Named Oil & Gas Deal Of The Year
Egyptian Refining Company, one of the largest oil and gas projects in Egypt and the region, stands as an example of…
Ahmed Heikal: Triple Combo Will be Key to Accelerating Economic Growth
Amidst the many challenges that Egypt currently faces, the ‘triple combo’ of Development Finance Institutions,…
Citadel, QInvest, Qatari Investors Form JV To Import, Regasify LNG In Egypt
Leading private equity firm to form joint venture with QInvest and other Qatari investors to bring much-needed…
Ahmed Heikal: Africa is Rocking with Opportunities for Private Equity
Citadel Capital Chairman and Founder Ahmed Heikal tells senior industry leaders at the EMPEA/ Financial Times…
Citadel’s ERC Project Adds $300 Mln Direct Benefits To State Annually: CEO
In a keynote speech delivered at SuperReturn Middle East 2012, Citadel Capital (CCAP.CA) Co-Founder and Managing…
Citadel Capital Again Tops African Private Equity League Table, Wins Multiple Awards
Citadel Capital (CCAP.CA on the Egyptian Exchange), the leading private equity firm in Africa and the Middle East,…
Citadel Capital Narrows Consolidated Losses 3% H1, Reports Healthy Progress In Q2
Citadel Capital (CCAP.CA), the leading private equity firm in the Middle East and Africa, has managed to narrow its…
Citadel’s Golden Crescent, Sea Dragon Agree to Terminate Sale of NPC Egypt
Citadel Capital, (CCAP.CA), the leading private equity firm in the Middle East and Africa with US$ 9.5 billion in…
Citadel Capital’s Wafra Operation Loss Hits EGP 3.6 Mln; Q1/2012
Ahmed Heikal, Citadel Capital Chairman and Founder, said the company has increased its stakes in Wafra, the firm’s…
Citadel Capital Investments Under Control 8% Up in Q1/2012
Citadel Capital (CCAP.CA), the leading private equity firm in the Middle East and Africa, announced Sunday its…
CIB Contributes With US$ 60 Mln in ERC’s Letters of Guarantee
Commercial International Bank (CIB) approved to contribute in financing the issuing of letters of credit and…
EGX 30 Retreats 8.7% In Week On Runoff Uncertain Results
Egyptian exchange main index EGX30 index sunk by 8.76 % this week, representing a retreat of 387.44 points, ending…
Banks Retreat From Financing US$ 300 Mln LG For ERC
The Egyptian Refining Company (ERC) seems to face financial problems after banks has retreated from financing the…
EFG-Hermes Raises $462 Mln For Citadel Capital’s ERC Finance
In One of Arab World’s Largest Equity Raisings Since Start of 2011, EFG Hermes Investment Banking (HRHO.CA)…
Citadel Heads For Biggest Gain In 5 Weeks On ERC Loan
Citadel Capital SAE (CCAP.CA), an Egyptian private equity firm, is poised for the biggest advance in five weeks…
Citadel Capital Reafirms $2.6 Bln ERC Debt Package
Citadel Capital (CCAP.CA) disclosed today that lenders have signed amended documentation reaffirming that a US$ 2.6…
Banque Du Caire Issues EGP 240 Mln Letters Of Credit To ERC
Banque Du Caire has signed, last Thursday, a contract with the Egyptian Refining Company (ERC), a subsidiary of…