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Gov’t to pay EUR 150 mn to Alstom consortium for monorail work
The Transport Ministry will soon pay out EUR 150 mn to the Alstom-led consortium implementing the Sixth of October-new capital…
Upcoming SPAC listings are on life support
Hedge funds are cashing in as “desperate” SPACs hemorrhage investments: Special purpose acquisition companies are having to turn to hedge…
Qatari dairy firm Baladna acquires 5% of Juhayna + Compass ups share in Rameda
Qatar’s Baladna acquires 5% stake in Juhayna: Qatari dairy firm Baladna has acquired a 5% stake (47.1 mn shares) in…
Greenback surges on Ukraine worries
The USD is getting stronger because of the Ukraine war: The USD has surged to its highest level since the…
Egypt’s banks processed 1 bn electronic transactions in 2021
Egypt’s banks processed 1 bn electronic transactions in 2021 worth a total of EGP 2.8 tn, said the Central Bank…
Macro Group’s net income rose 10% in 2021
Macro Group saw its net income rise 10% y-o-y to EGP 148 mn in 2021, according to the company’s maiden…
Homzmart acquires MockUp Studio
Furniture and home goods marketplace Homzmart has acquired Berlin-based startup MockUp Studio for an undisclosed sum, according to a press…
Saudi’s Sary acquires Egyptian marketplace Mowarrid
Saudi B2B wholesale marketplace Sary has acquired Egyptian e-commerce platform Mowarrid for an undisclosed amount, in the first step of…
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