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PM Madbouly meets Turkish companies to drum up investment
INVESTMENT- Mending ties with Turkey through FDI: Representatives of a number of Turkish companies met with Prime Minister Moustafa Madbouly…
Is Egypt brewing up a fresh export subsidy program?
The state is also looking into adding new sectors to the subsidy program
USD 1 bn for expansion at CIB, the wind-down of CVentures, and pharma goods stuck in port?
BANKING- CIB could raise USD 1 bn for expansion: CIB is seeking regulatory approval to issue financial instruments worth up…
Three global firms reportedly eyeing contract for Metro Line 1 upgrades
TRANSPORT- Three international companies have their sights set on developing Metro Line 1: Germany’s Siemens and French firms Alstom and…
Gov’t to hire 30k new teachers in bid to end shortage + telcos can market micro ins. policies
EDUCATION- Teacher hiring drive: The Education Ministry is looking to hire 30k primary school assistant teachers for the first, second…
Nigerian fintech Flutterwave enters Egypt
To act as an official payment service provided in the country
A USD 10 bn Emirati tech fund could be looking at Egyptian firms
INVESTMENT- Local firms could get a piece of a new USD 10 bn Abu Dhabi tech fund: Emirati AI firm…
More private-sector involvement in the aviation industry?
TRANSPORT- Egypt’s aviation sector could see more private-sector involvement: State-owned flag carrier EgyptAir will work more closely with private-sector airlines…
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