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Tobacco distributors can hike their prices by up to 12%. PLUS: News from Halan, Post for Investment, Al Gaweesh Group
Tobacco distributor hiked their prices earlier this year
Are the Magnificent Seven now the Fab Four?
PLUS: Venture capital is still out of fashion with institutions + worries about sustainability of US debt
El Sisi ratifies Unified Budget Act amendments. PLUS: News from Masria Digital Payments, Cequens, El Nasr Mining
The amendments will see the budgets of all 59 of the state’s economic bodies and the state budget presented in…
SCZone greenlights new industrial projects
The projects include Orascom’s EGP 13 bn industrial complex and DNM’s USD 40 mn denim factory
CBE auctions off more EGP t-bills, this time at a much lower yield
The one-year bills received offers over 4x its original ask and six-month bills 2x its ask
Foreign investors ink USD 353 mn worth of industrial projects
Egypt signed three separate industrial investment agreements with companies from China, Poland, and France
THIS EVENING: Egypt signs three industrial investment agreements + NUCA is taking its first sukuk issuance to market
Good afternoon, wonderful people. We have a mixed bag of news on the local front as the week begins to…
Edtech startup Sprints secures USD 3 mn in a bridge round
The company will use the funds to double down on its plan to expand into ten new markets
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