From startups, to food and beverages and TVs, it’s a morning full of investment news.

AL AHLY FINANCIAL SERVICES LAUNCHES SUKUK ARM: Al Ahly Financial Services has launched its sukuk company — dubbed Al Ahly Sukuk. The new company will “provide innovative and sustainable investment opportunities, and to support projects and activities in ways consistent with Islamic principles.” (Press release, pdf)

EDVENTURES TO INVEST BIG NEXT YEAR: Nahdet Misr VC arm Edventures wants to invest around USD 5 mn in local and regional startups next year, allocating around USD 500k to each of the 10-12 companies it will be investing in. (Al Borsa)

UAE FOOD AND BEVERAGE PRODUCER TO SET UP SHOP IN EGYPT: Emirati food and beverage company Al Malaky Royal is looking to set up a factory in Egypt with investments of no less than USD 3 mn. (Al Borsa)

LOCALLY-MADE PV CELLS AND SEMICONDUCTORS: China’s private equity firm Hony Capital and building materials manufacturer China National Building Material (CNBM) have expressed interest in investing in the local manufacture of PV cells and semiconductors. (Cabinet statement)

TV TIME: Chinese electronics firm TCL is in talks with the Egyptian government to set up a factory for producing televisions in Assiut in partnership with a local agent. Some 45% of the factory’s output will be made from local components. (Al Mal)

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