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Egypt’s education outfit CIRA inks EUR 25 mn EBRD funding agreement
CIRA closes EUR 25 mn EBRD funding agreement: Cairo for Investment and Real Estate Development (CIRA) signed yesterday an agreement…
Current account deficit widens to USD 8.2 bn in FY 2018-2019
Egypt’s current account deficit widened to USD 8.2 bn in FY 2018-2019, up from USD 6 bn the previous year,…
EGX30 extends rally after central bank loosens policy
EGX30 extends rally after CBE loosens monetary policy: The benchmark EGX30 index climbed 3.3% at session close yesterday in response…
Acwa Power to submit offers for desalination plants in Egypt “in coming weeks”
Saudi’s Acwa Power is planning to submit in “the coming weeks” an offer to the government to set up water…
Late-week EGX30 rebound has helped to steady share slide
Late-week EGX30 rebound helped stymie share slide: Despite the EGX30 being the second-worst performing equity index of last week, a…
SME Development Authority taps EUR 15 mn grant for infrastructure projects
The SME Development Authority has signed contracts with six governorates for infrastructure projects that will be financed through a two-year…
Egyptian e-commerce startup MaxAB raises USD 6.2 mn in seed investment
STARTUP WATCH- Cairo-based e-commerce startup MaxAB has raised USD 6.2 mn in one of the MENA region’s largest-ever seed rounds,…
Fortune 500 company Prudential Financial to invest in Egypt’s Sarwa Insurance
INVESTMENT WATCH- Prudential Financial to invest in Sarwa Insurance: Fortune 500 insurance firm Prudential Financial’s impact investing arm has inked…
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