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Madbouly cabinet beefs up penalties for hoarders
Hoarders face can face up to one year of imprisonment and a fine up to EGP 2 mn
Beltone, Chimera part of new Abu Dhabi holdco with >USD 27 bn in assets
The assets include Egypt’s Beltone Financial, Chimera Investments, Citadel Technologies, Sagasse Investments, Lunate, and International Resources Holding
EIB, EU extend EUR 165 mn to green our industrial sector. PLUS: Jinbei’s buys Brilliance stake, GUPCO, data centers, steel price rises, sugar tenders
The funds will help the private and public sector combat industrial pollution
Abu Dhabi government-backed hotel group plans USD 170 mn investment in three Egyptian hotels
Abu Dhabi Tourism Investment Company has allocated USD 80 mn to build a new hotel under the brand Sofitel Legend,…
MAFI inks contracts for USD 300 mn agri-food industrial complex
The complex has earmarked 90% of production for export
Introducing T-Vencubator: A tech incubator-VC targeting local startups
T-Vencubator is targeting five tech startups in 2024
Al Ahly Financial Services launches sukuk arm. PLUS: Locally-made PV cells, semiconductors, TVs
From startups, to food and beverages and TVs, it’s a morning full of investment news. AL AHLY FINANCIAL SERVICES LAUNCHES…
SMEs scramble to pay suppliers as credit card limits bite
From early-stage startups to agencies and professional services firms, it’s a slog to find ways of paying Google, Microsoft, and…
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