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New York-based Modus Capital launches in Egypt
INVESTMENT WATCH- New York-based Modus Capital launches in Egypt: Entrepreneurial venture capital firm Modus Capital, established in 2015, announced on…
How much longer can the banking system support FX outflows without the central bank releasing some reserves?
How much longer can the banking system support FX outflows without the central bank releasing some reserves? We all know…
Misr Italia signs EGP 11 bn agreement to develop 268 feddans with El Mostakbal
El Mostakbal for Urban Development has signed an EGP 11 bn agreement with Misr Italia to develop a 268-feddan mixed-use…
SODIC sets up shop in New Cairo
Our friends at SODIC have established a new sales office on Road 90 in East Cairo, according to a company…
EFG Hermes to obtain license in Nigeria as early as next week
EFG Hermes could land Nigerian investment banking license by early next week: EFG Hermes frontier unit chief Ali Khalpey told…
Oil Ministry is in talks with UGS to reduce Egypt’s USD 2 bn settlement payment over Damietta gas supply interruptions
The Oil Ministry is in talks with Spanish-Italian JV Union Fenosa Gas (UGS) to reduce a USD 2 bn settlement…
HC launches PE firm in Egypt
HC launches private equity arm: HC Securities & Investment launched on Monday a private equity arm that will invest in…
Egypt’s Beltone cancels upcoming EGP 1 bn capital increase
Beltone puts capital increase on ice amid fallout from suspension of investment banking arm: Beltone Financial Holding has said it…
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