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The rundown on yesterday’s cabinet meeting
A recent revamp of the standardized Thanaweya Amma exam received a nod from cabinet in its weekly meeting yesterday. The…
What the markets are doing on 8 December 2020
The EGX30 fell 0.3% yesterday on turnover of EGP 1.8 bn (27.1% above the 90-day average). Regional investors were net…
Central bank extends PoS drive
The Central Bank of Egypt is pushing ahead with a plan to have 1 mn point of sale machines in…
Loyalty app Zeal Rewards secures undisclosed seed funding
Egypt and UK-based e-payments and loyalty app Zeal Rewards has secured an undisclosed amount of seed funding from an unnamed…
Google and the rest of the FAANG Gang could face taxes in Egypt under bill
Google, Netflix, Amazon and Facebook are among the tech giants whose operations here could face new taxes under an E-Commerce…
NBFS player Ebtikar plans 1Q2021 IPO
Ebtikar plans to list a 25-30% stake when it makes its EGX debut in 1Q2021, thelocal press reports, citing people…
Techwear startup Sigma Fit raises undisclosed investment from Innlife, Kuwaiti investors
Techwear startup Sigma Fit has raised an undisclosed investment from local investment firm Innlife and unnamed Kuwaiti investors, reports MenaBytes.…
Raya Holding to anchor new VC fund
Because everybody is either a startup or a VC, right? Raya Holding has earmarked EGP 100 mn to invest in…
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