Future Play & Playspaces MENA 2017
 
Thursday, February 23, 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

Iran supports creation of free trade zone with Eurasian Economic Commission
Tehran Times, 22 February 2017

Iran supports creation of free trade zone with Eurasian Economic Commission
Qatar to build 1,000 berths for harbours  
Gulf Times, 22 February 2017

Qatar to build 1,000 berths for harbours

	 
Qatar to boost spending on smart infrastructure  
Trade Arabia, 22 February 2017

Qatar to boost spending on smart infrastructure

	 
Back to Home Page 1377 --- 385 <><><> 734.5.....exvideo=0....eximage=0
P 0
BR 15

Future Play & Playspaces MENA 2017

 

 
3rd Annual RetrofitTech UAE Summit & Awards
20 - March 2017
3rd Annual Future BIM Implementation Qatar
20 - March 2017
2nd Annual Smart Parking Qatar
10 - April 2017
Future Play & Playspaces GCC
17 - April 2017
Future Drainage & Stormwater Networks KSA
18 - April 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%
 

3rd Annual RetrofitTech UAE 2017

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Food Africa Cairo - 22 April - 24 April 2017  
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
Beirut Boat
Energy Lebanon
Project Lebanon
Qatar
Agriteq
Heavy Max
Hospitality Qatar
Project Qatar
Qatar StoneTech
Iraq
Energy Iraq - Erbil
Iraq Agro-Food - Erbil
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2017 - © All rights reserved