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AI + Innovation (MENA) 
Infrastructure 
Why is there an Egyptian edtech startup expansion to the Gulf?
Egypt serves as a unique testing ground from which startups can more easily expand regionally, Baims CSO Hossam Taher thinks
Gov’t appoints Compass Capital to promote its stake in EPP + TMG’s Icon finalizes acquisition of 51% in Legacy hotels
Compass will promote part of the government’s 22% stake in EPP to investors in the Gulf and China
Egypt could retain 20% in Ras El Hekma following sale to Gulf investor
The cabinet is currently reviewing “investment offers for important projects that are expected to generate huge resources of foreign currency”
What the markets are doing on 8 February, 2024
The EGX30 rose 1.8% at today’s close on turnover of EGP 4.9 bn (34.2% above the 90-day average). Foreign investors…
Devaluation, the IMF package, and Ras El Hekma: Here’s what you need to know this morning
There’s a lot of chatter, but nothing concrete on any of those fronts
Samsung wants to boost exports from Egypt by 50%. PLUS: News from Delta Fertilizers, Schneider Electric, Contact
Samsung was awarded a golden license in August
Gov’t to close bidding for Wataniya soon + Gabal El Zeit wind farm next in line
The government plans to sell at least 10% in Wataniya
Cabinet slashes government spending some more
Hassan Allam Holding’s logistic arm receives golden license
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