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IDH obtains USD 45 mn in financing from IFC
Consumer healthcare giant Integrated Diagnostics Holdings (IDH) has secured a USD 45 mn debt financing package from the International Finance…
Development finance
Egypt’s post-covid growth will need increased private sector involvement –European Commission
Egypt needs to involve the non-oil private sector in its sustainable covid recovery plan, according to an economic brief by…
Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr
China’s Dongfeng has upped its planned investments in a plan to locally assemble EVs with El Nasr Automotive to USD…
Last Night’s Talk Shows: Biden and El Sisi’s call + IMF’s Mohieldin on covid-19 outlook
President Abdel Fattah El Sisi and US President Joe Biden’s phone call yesterday on reinforcing the Palestine-Israel ceasefire and reviving…
Egypt is going to start manufacturing high-precision lathe machines
A couple of things we’re keeping an eye on this morning: The Arab Organization for Industrialization will work with the…
Flat6Labs’ Egypt fund more than quadruples to EGP 207 mn
Flat6Labs has completed the second close of its Egypt-focused Flat6Labs Accelerator Company (FAC), raising the fund size to EGP 207…
500k Sinopharm doses + raw materials to manufacture Sinovac land in Egypt
State-owned Vacsera can now begin manufacturing China’s Sinovac vaccine after the first batch of raw materials used to produce the…
Israel + Hamas reject Egyptian proposal for ceasefire
Israel and Hamas both appear to have rejected an unconfirmed Egyptian proposal to bring a ceasefire into effect as of…
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