Latest news with #Al-Wakeel
Libya Herald
21-07-2025
- Business
- Libya Herald
Egyptian investments in Libya exceeded US$ 2.5 billion, surpassing for the first time Libyan investments in Egypt
Egyptian investments in Libya exceeded US$ 2.5 billion, surpassing for the first time Libyan investments in Egypt, Ahmed Al-Wakeel, President of the General Union of Egyptian Chambers of Commerce said. Al-Wakeel was quoted by various Egyptian media outlets speaking during the Fourth Edition of the Libyan Egyptian Business Forum held in Alexandria, Egypt last Saturday (19 July) under the slogan: 'Egypt and Libya towards sustainable and integrated development'. 511 Libyan companies in Egypt contributing EGP 4 bn Al-Wakeel revealed that there are currently 511 Libyan companies in Egypt, with an issued capital of EGP 4 billion and an actual contribution of EGP 2.4 billion. Libyan investments in Egypt down by 25 percent He lamented the fact that Libyan investments in Egypt had declined by 25%, and proposed that this requires reactivating the role of the Libya Foreign Investment Company and Libya's investment portfolio. Al-Wakeel said it is necessary to integrate Egyptian expertise and Libyan investments to launch projects in various fields. He demanded the return of more than 2 million Egyptian workers to Libya to participate in reconstruction and comprehensive development efforts. Egyptian companies implementing US$ 5 bn in Libya On the other hand, he celebrated the fact that Egyptian companies have recently implemented major projects in Libya worth more than US$ 5 billion, including infrastructure projects such as the Third Ring Road, power stations, and housing. He said bilateral cooperation should go beyond launching regional partnerships in African and Gulf markets. Al-Wakeel revealed that Egypt has completed studies to establish a global logistics centre in the plateau area near the Salloum port, to support intra-trade and exports to neighbouring countries. Transit trade: Red Sea to the Atlantic Ocean He stressed thatit is important to implement what he called ''the pivotal road'' from southern Egypt through southern Libya to Chad, and from there to Dakar, to connect the Red Sea with the Atlantic Ocean. . Benghazi Chamber of Commerce participates in Libyan Egyptian Business Forum in Alexandria More than 34 Egyptian companies establishing a company in Libya to establish an industrial city in Libya More than 25 Egyptian companies to invest in Libya and participate in reconstruction projects Libyan Egyptian Industrial Trade Forum opens in Benghazi Libyan Egyptian Economic Forum held in Tripoli from 13 to 14 October Benghazi based Libyan Egyptian Paper Industries Company is preparing to resume operations The Libyan Egyptian Trade Forum will be held in Benghazi from 23 to 26 February
Business Insider
20-06-2025
- Business
- Business Insider
Barclays Remains a Hold on GN Store Nord (0K9P)
Barclays analyst Hassan Al-Wakeel maintained a Hold rating on GN Store Nord (0K9P – Research Report) today and set a price target of DKK133.00. The company's shares closed yesterday at DKK95.70. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Al-Wakeel covers the Healthcare sector, focusing on stocks such as GN Store Nord, Fresenius SE & Co. KGaA, and ConvaTec. According to TipRanks, Al-Wakeel has an average return of 0.5% and a 48.46% success rate on recommended stocks. The word on The Street in general, suggests a Hold analyst consensus rating for GN Store Nord with a DKK108.00 average price target. 0K9P market cap is currently DKK14.18B and has a P/E ratio of 16.79. Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0K9P in relation to earlier this year.
