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IFC aims to invest USD 5 bn in Egypt over the next 5 years
INVESTMENT WATCH- Meanwhile, the World Bank’s International Finance Corporation (IFC) aims to invest USD 5 bn in Egypt over the…
Egypt fastest growing startup market in MENA which raised USD 893 mn in 2018
Is Egypt the fastest growing startup market in MENA? Egypt is the fastest growing startup ecosystem and the second largest…
Egypt drafting framework for establishment of Africa investment risk insurance fund
The Investment Ministry has completed a preliminary draft of the framework to establish a risk insurance fund to encourage Egyptians…
Companies looking to invest USD 500 mn in wind power in Egypt
Three unnamed Arab energy companies are looking to invest USD 500 mn to build 400 MW-worth of wind power plants…
AMOC shareholders decide to postpone stake sale until profitability rebounds
AMOC shareholders decide to postpone stake sale until profitability restored: Shareholders in the Alexandria Mineral Oils Company (AMOC) have decided…
FRA looking to file criminal case against Beltone officials over Sarwa IPO
FRA looking to file criminal case against Beltone officials over Sarwa IPO: The Financial Regulatory Authority (FRA) is looking to…
Egypt’s FX reserves fall for first time after EGP float
Foreign reserves have fallen for the first time in two years: Egypt’s net foreign reserves fell in December for the…
Egypt’s NUCA allocates land for freezone in New Aswan
The New Urban Communities Authority (NUCA) has allocated a 187-feddan land plot to the New Aswan city authority to develop…
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