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Suez Canal receives record monthly revenues
SUEZ CANAL- Another record-breaking month for Suez Canal revenues: Suez Canal revenues grew 47% y-o-y in January to an all-time…
TE to buy USD 125 mn of new bandwidth to bolster its network
TE lands new frequencies: Telecom Egypt will pay USD 125 mn to acquire 5 MHz of new bandwidth in the…
IFC, Tadamun partner to expand microfinance for women-led SMEs
DEVELOPMENT FINANCE- IFC, Tadamun to boost women-led micro firms: The International Financial Corporation (IFC) has agreed to assist Tadamun Microfinance…
A new Hilton hotel in Marsa Alam
TOURISM- Hilton expands its Red Sea portfolio: Hospitality giant Hilton has signed its second property in Marsa Alam: Hilton Marsa…
Madbouly wants the World Bank to get a move on
Prime Minister Moustafa Madbouly called for finalizing the World Bank’s development finance program with Egypt “as early as possible” in…
Local mobile manufacturers could soon catch a tax break
Fresh tax incentives for local mobile phone assemblers? The Finance Ministry is considering cutting a 5% development fee on imported…
Goodbye GB Auto Group, hello GB Corp
AUTOMOTIVE- GB Auto is now GB Corp: GB Auto Group has rebranded itself as GB Corp, the company said in…
Vodacom snaps up another 0.02% of Vodafone Egypt
CAPITAL MARKETS- Minority shareholders loath to part with Vodafone Egypt stakes: Vodacom is acquiring an additional 0.02% (49.5k shares) of…
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