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El Sisi’s address announcing the arrival of the first tranche of Ras El Hekma funds dominated the airwaves last night
ADQ deposited the first tranche of its USD 35 bn Ras El Hekma investment at the central bank on Tuesday
THIS EVENING: ADQ pays up the first chunk of its investment for Ras El Hekma development rights
Good afternoon, folks, and happy almost-Thursday. As we move towards the end of the week, the news cycle is staying…
In the wake of several large-scale cyber attacks, what's stopping Egypt’s business sector from adopting cybersecurity policies?
Global data breaches increased 20% y-o-y in 2023
MoneyHash secures USD 4.5 mn in seed funding. PLUS: Acacia invests in Kenyan startup Tappi, Saudi’s CoreVision acquires VeFund
MoneyHash plans to use the proceeds to invest in its technology and to expand its growth across the region
Aman Holding and Contact Financial plan GCC expansions in 2024. PLUS: GB Capital + Golden Coast sukuk news, new gold fund, Banknbox + SWFT, PayTabs
Aman Holding will start providing installment services in Saudi Arabia in the second half of the year
EGP strengthens on parallel and derivatives markets
Twelve-month NDFs saw the USD-EGP rate decline 11.5% throughout the day to 57.5 after the news of the ADQ sale…
How will we use the cash? Clearing the backlog, paying foreign partners top the list
Brace for a “modest” devaluation — if the IMF facility comes through, policymakers will have four years of runway when…
ADQ acquires development rights to Ras El Hekma for USD 24 bn, will invest a further USD 11 bn in “real estate and other prime projects”
Ras El Hekma will be transformed into a “next-generation city,” housing tourism, urban, commercial, and recreational spaces
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