Good morning, friends, and welcome to the start of a new work week and hopefully the beginning of the end to Israel’s brutal war on Gaza as a ceasefire comes into effect starting in just over a couple of hours. BUT FIRST- We’re super happy this morning to welcome Sekem as our newest commercial partner […]
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Discover Somabay’s offerings at boot Düsseldorf 2025. Somabay, the premier Red Sea holiday destination, and its partner ORCA Dive Club will showcase their exceptional diving and watersports experiences at boot Düsseldorf 2025. With vibrant coral reefs, pristine lagoons, and a collaboration with Duotone PRO-Center for kiteboarding and wing foiling, Somabay solidifies its status as a […]
Social Impact Capital’s acquisition of CIRA Education nears its close with 96.5% of targeted shares responding to offer
This brings the total value of the acquisition to EGP 3.4 bn
Edita enters the Iraqi market through stake acquisition in Tuama Jebur Abbas
Edita plans to invest some USD 27 mn in the Iraqi market over the coming three years
IMF, World Bank cut Egypt's growth forecast
The IMF now sees the economy growing at a 3.6% clip during the current fiscal year
Egypt’s current account deficit doubles to USD 5.9 bn in 1Q FY 2024-2025
The deficit was driven by a sharp increase in the trade deficit and a significant decline in Suez Canal revenues
Egyptian imports of Israeli gas hit a record 981 mn cfd in 2024
The figure marks a 18.2% y-o-y increase
Cabinet greenlights EGP 30 bn industrial initiative, grants two multi-mn projects golden licenses
The initiative aims to provide financial facilities for private sector companies to purchase machinery, equipment, or production lines