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My Morning Routine: Tarek Seif El Nasr, head of venture growth, Falak Startups
“The best piece of advice I’ve received? Don’t leave anything to chance.”
Grandfathered incentives? Great. But what we want are details on the end of tax breaks for state entities.
Grandfathered investment incentives are great, but we’re looking for more on which state entities will lose their preferential tax treatment
It’s going to get easier for foreign investors to import + limits on property ownership set to be scrapped
State could lift two-property limit on real estate ownership — and make it possible for foreign investors to directly import…
Oil majors to invest USD 1.8 bn here by 2025 in search for gas
Chevron, Eni, ExxonMobil, Shell, and BP will drill a total of 35 wells by 2025
Abu Dhabi hotel group could invest USD 175 mn in Egypt portfolio
The company will invest another USD 80 mn to revamp its Red Sea resorts
Saudi venture studio buys into Egypt’s Cashcows
Cashcows is eyeing a USD 10 mn fund to support Egyptian, Saudi startups
Happy Eid — We’ll see you back here next Tuesday
Watch this space on fresh renewables targets, pan-African payments, and the privatization program
Private sector players partner with gov’t on new industrial projects
Projects to manufacture chlorine pellets, pressed concrete wire, hydrogen gas and more
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