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Is Walmart a sign of things to come for the US economy?
Walmart is expecting terrible earnings — and that’s not great news for the US economy: The company’s share price fell…
CIB spinning up mortgage - factoring unit
CIB now has a mortgage finance + factoring arm: CIB has established Commercial International Finance after obtaining initial approval from…
Last Night’s Talk Shows on the state’s privatization plans + El Sisi talks GERD with Somali counterpart
It was a business / econ-heavy evening on the airwaves last night as PM Madbouly’s economic adviser Gihan Saleh phoned…
One giant leap for regional integration…
Egypt, Jordan + UAE choose projects for joint industrial partnership: Egypt, Jordan, the UAE, and now Bahrain, have identified USD…
Do Egyptian startups need to start tightening their belts?
Startups globally are being urged to cut spending. What’s the advice for Egyptian startups? The pandemic era startup gravy train…
FMO commits USD 10 mln to Algebra’s second tech fund
Dutch development bank FMO has pledged USD 10 mn to Algebra Ventures’ second tech fund, the bank and our friends…
Mohamed El Sewedy acquires sportswear brand Magma
Mohamed El Sewedy has acquired local sportswear brand Magma for an undisclosed amount, Averroes Ventures, which worked on the transaction,…
Cabinet approves military IPOs
A step closer to a military IPO: The state is moving forward with the EGX listing of the National Company…
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