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MNT agrees to sell 21.7% stake to Chimera Investments
Chimera snaps up c.22% of MNT Investments: Netherlands-based MNT Investments — which is majority-owned by GB Auto subsidiary GB Capital…
Another subsea cable for our regional data hub ambitions
Telecom Egypt inaugurated its Red2Med submarine cable which runs from Ras Ghareb’s Red Sea to Port Said’s Mediterranean through the…
Infinity units eye new wind and EV projects
Infinity Power eyes USD 300 mn wind farm: Infinity Power, a JV between local renewables player Infinity and UAE’s Masdar,…
Foreign investors respond negatively to China’s political pivot
Investors dump Chinese shares followingPresident Xi Jinping’s reelection: US-listed Chinese companies saw their shares slip during yesterday’s session as traders…
Is Egypt finally getting serious about its domestic auto assembly industry?
Auto assembly legislation + expat car import scheme get parliament sign-off: The House of Representatives’ general assembly gave its final…
Meet our founder of the week: Samy Swellam, CEO and founder of Hatla2ee
OUR FOUNDER OF THE WEEK- Every Tuesday, Founder of the Week looks at how a successful member of Egypt’s startup…
THIS EVENING: House signs off on EV bill and car imports for expats + Trussonomics is dead
Happy hump day, ladies and gentlemen. It’s shaping up to be a legislation-heavy news day, as the House of Representatives…
THIS EVENING: Gov’t reintroduces unsubsidized bread price caps + We’re missing out on another USD 75 mn in military aid from Washington
Good afternoon, ladies and gentlemen. It’s another reasonably brisk news afternoon here in Omm El Donia, with a little bit…
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