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E-commerce platform Tejarra and fintech player MoneyHash raise separate six-figure USD rounds
Egyptian e-commerce platform Tejarra.com has raised a six-figure USD seed investment from venture capital firm Openner, according to a press…
The bookies should be running odds on who’s going to get Alex Medical
Yas Holding launches bid for Alex Medical: It looks like yet another company has joined the bidding war for Abu…
Edtech platform iSchool raises USD 160k from Edventures
Edtech platform iSchool raised USD 160k from Nahdet Misr Publishing House’s venture capital arm Edventures, the company said in a…
Russia wants another RIZ in latest sign of warming ties with Moscow
Russia wants a second industrial zone in Egypt: The Suez Canal Economic Zone has received a request from Russia to…
Goldman says CBE could cut rates this month + reserves were up in May
The Central Bank of Egypt (CBE) can afford to cut rates by as much as 50 bps at its meeting…
Current account under the spotlight as economy continues to recover from covid
Remittances to Egypt rose 10% y-o-y in the first five months of 2021, Planning Minister Hala El Said said in…
The bidding war for the army’s Wataniya Petroleum is heating up
Saudi industrial oils giant Petromin is throwing its hat in the ring in what’s shaping up into a bidding war…
BalancED to set up EGP 500 mn int’l school in MNHD’s Taj City
BalancED is setting up a K-12 international school in Madinet Nasr Housing and Development’s (MNHD) Taj City in East Cairo…
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