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Fintech player Sahl closes USD 6 mn in funding round led by the state’s Ayady Investments
The company allows users to pay their utility bills through a mobile app
Government rejects proposal to hike the price of subsidized sugar. PLUS: HSBC + Juhayna, Nokia, Samih Sawiris’ FTI Touristik, EgyptAir, Podcast Productions
The state currently spends more than EGP 23 in subsidies on every kilo of subsidized sugar
International Holding Company subsidiary Palm Sport to operate Al Ahly’s El Qalaa El Hamraa. PLUS: EGP 5 bn aluminum factory, trade talks with Russia, startups news galore
The EGP 12 bn sports city complex in Sheikh Zayed will house Al Ahly’s new 44-k seat home stadium
Valu launches Ulter, a high-end finance platform for affluent customers
Ulter will compete on approval time and offer up to EGP 60 mn in financing for the purchase of goods…
North Petroleum to boost production from Western Desert block. PLUS: News from Harbour Energy, Alfa Trans, Mal Bazaar, Instapay
Harbour Energy snaps concessions in the Nile Delta, Mediterranean
EFG Hermes tops the EGX brokerage league table again in May
EFG Hermes has led the table for twelve consecutive months
Visa unveils a number of fresh products, services. PLUS: News from the EU, Supply Ministry, EGAS
The services include the Visa Payment Passkey Service, a service that eliminates passwords for online payments and replaces them with…
Valu facilitates donations to Magdi Yacoub’s new heart center
Under the agreement, donors can use Valu’s Spark It to make donations
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