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2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Egypt and Greece to sign a deal for power interconnection

The deal, to be signed by the Greek environment and energy minister Costas Skrekas and the Egyptian minister of electricity Mohamed Shaker.
By TRENDS Desk
October 13, 2021 6:28 pm
  • It will constitute the first interconnection between Europe and Africa in the Southeastern Mediterranean region
  • The agreement comes a week after Egypt’s signing of an $1.8 billion electrical connection project with Saudi Arabia

Egypt and Greece will sign a preliminary deal to build an electricity interconnection between the two countries in Athens on Thursday, Athens-Macedonia news agency (AMNA) reported.

The deal, to be signed by the Greek environment and energy minister Costas Skrekas and the Egyptian minister of electricity Mohamed Shaker, constitutes the first interconnection between Europe and Africa in the Southeastern Mediterranean region, AMNA cited.

The agreement comes a week after Egypt’s signing of an $1.8 billion electrical connection project with Saudi Arabia.

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