Utility Scale Solar summit 2017
 
Thursday, June 29, 2017
Directory Directory Subscribe
Login
 

Graviton investment bank eyes Egypt's green energy sector

 
 

Please, enter data

Please, enter data

Daily News Egypt, 15 March 2016

Graviton Capital, a top investment bank, will look into the potential of investing in small new and renewable energy projects in Egypt, a report said.

The company will carry out the studies in order to understand Egypt’s monetary policy, the basis on which the direction of the dollar will be determined, Ayman Abou Hend, direct investment manager at Cartel Capital, the regional partner of Graviton, was quoted as saying by Daily News Egypt.

Graviton is launching a fund worth $500 million and considering investment opportunities in renewable energy, said Hend.

If Graviton decides to go ahead with the investment, the financing operation will cost up to $20 million, the report said.

Hend added that the value suits small- and medium-sized factories specializing in the production of batteries and solar panels.

“It makes no sense to inject investments knowing that the dollar equals EGP7.73, only to find out that the dollar price increased,” Hend was quoted as saying.

“This means there will be a decline in the company’s profits equivalent to the decline in the Egyptian pound’s value when the firm exits these investments and converts its sales to dollars.”
Daily News Egypt
15 March
 

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Capital of Iraq's Kurdistan region Erbil launches city tour bus
Kurdistan24, 28 June 2017

The first ever daily double-decker bus in Iraq and the Kurdistan Region will soon be available for visitors touring the city of Erbil.

In the past ...

Read full story
Capital of Iraq's Kurdistan region Erbil launches city tour bus
Dutch launch program to bolster Lebanese water and agriculture sectors
An-Nahar, 28 June 2017

Netherlands, Ambassador Han Maurits Schaapveld, and Suzy Hoayek, representing the Ministry of Energy and Water, launched the Dutch program "Strengthening the ...

Read full story
Dutch launch program to bolster Lebanese water and agriculture sectors
A Lebanese and Middle Eastern entrepreneurial success story: Abdul Razzak Itani & Sons - Arison s.a.r.l
LebItalia, 26 June 2017

For the past 60 years, Abdul Razzak Itani & Sons - Arison s.a.r.l has been one of the major innovators in pumps, water and sewage ...

Read full story
A Lebanese and Middle Eastern entrepreneurial success story: Abdul Razzak Itani & Sons - Arison s.a.r.l
Italy – a safe bet for hotel developers
Tophotelprojects, 22 June 2017

Italy has a timeless charm – the food, the passion, the beaches and incredibly historic cities, the architecture and of course, the landscapes. For ...

Read full story
Italy – a safe bet for hotel developers
Back to Home Page 1377 --- 0 <><><> 349.5.....exvideo=0....eximage=0
P 0
BR 15

Utility Scale Solar summit 2017

 

 
Electric Vehicles UAE
26 - September 2017
3rd Annual Smart Parking UAE
27 - September 2017
2nd Annual Future Drainage & Stormwater Networks Dubai
2 - October 2017
2nd Annual Future Accessibility & Assistive Technology Dubai
8 - October 2017
Digital Forensics and Analysis Summit
9 - October 2017
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Digital Transformation summit 2017

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Food Africa Cairo - 21 April - 23 April 2018  
IFP Group Events Calendar

 


Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Qatar
Hospitality Qatar
Project Qatar
Iraq
Energy Iraq - Erbil
Erbil International Fair
Iraq Agro-Food - Erbil
Project Iraq Erbil
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2017 - © All rights reserved