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Steel prices are starting to cool off + Elsewedy inks electric motors agreement
Ezz Steel has lowered steel rebar prices by 4%, marking the first drop in price since Russia’s invasion of Ukraine…
How Egyptian sectors are feeling the impact of the chip shortage
How the global chip shortage is hitting Egyptian manufacturers that are reliant on semiconductors: The global semiconductor shortage has wreaked…
Earnings watch: Elsewedy Electric revenues up by a third in 2021
Elsewedy Electric booked EGP 3.5 bn in net income in 2021, up 16.7% y-o-y, while revenues for the full year…
Fawry sees 400% y–o-y boom in online payments in 2021
Fawry saw transaction values surge last year: The e-payments giant processed EGP 6 bn worth of cashless POS transactions through…
MNT-Halan launches buy-now-pay-later service
Fintech firm MNT-Halan has launched a buy-now-pay-later (BNPL) service in its app,according to a statement (pdf). Backed by Halan’s recently-launched…
Air Supply, Kima ink EGP 260 mn agreement for gas factory in Aswan complex
Air Supply and Kima ink agreement for new gas production project: Air Supply Group signed an EGP 260 mn agreement…
Infrastructure: What’s to come in 2022? (Part II)
Infrastructure: What’s to come in the year ahead? (Part II) — Water has been at the forefront of the government’s…
Egypt preparing bid for 2036 Olympics
Egypt wants to host the Olympics: Egypt plans to submit an official bid to host the 2036 Summer Olympics, according…
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