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Moves: Asraf Mohamed Negm tapped as NIB’s vice chairman, MD
Amer Group has appointed Riad Refaat (Linkedin) as CEO and managing director of the holding group, replacing the very recently…
Algebra to raise USD 50 mn in first close of second fund
Algebra Ventures is looking to raise USD 50 mn in 3Q2021 for the first close of its recently announced USD…
Flextock seals record pre-seed funding
An Egyptian logistics player just set a regional record for pre-seed funding: Logistics startup Flextock has closed a USD 3.25…
Paymob wants to set up shop in Saudi
Payment gateway Paymob is looking to roll out digital payment services in Saudi Arabia in the coming five years as…
Is Egypt going to build two massive petrochem complexes in Ain Sokhna?
Ain Sokhna could be getting (another) huge USD 7.5 bn petchem complex: The Suez Canal Economic Zone has signed a…
Meet our analyst of the week: Arqaam Capital’s Nour Eldin Sherif
OUR ANALYST OF THE WEEK- Nour Eldin Sherif, associate director at Arqaam Capital (Linkedin). My name is Nour Eldin Sherif…
Raya wraps up agreement to sell BariQ to Intro Group
Raya agrees BariQ sale: Raya Holding has signed an agreement with Intro Group subsidiary Intro Waste Management to sell 100%…
Egypt remains top carry trade as CBE leaves rates on hold
The Central Bank of Egypt (CBE) left rates on hold for a fourth consecutive meeting last Wednesday as policymakers looked…
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