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Unionaire rebrands as UGT
Unionaire Group Technology has announced its rebranding toUGT. The new entity will include Unionaire, Premium, Fine Stone and TCL, and…
How are we addressing our air pollution problems?
How are we addressing our air pollution problems? Air pollution costs Egypt an estimated EGP 47 bn a year in…
SEII’s bid to acquire Al Babtain Egypt stake is over
Saudi Egyptian Industrial Investment won’t be acquiring a stake in Al Babtain’s Egypt unit: A bid by Saudi Egyptian Industrial…
Cairo Angels invests in Kashat
Kashat has landed Cairo Angels’ largest investment to date: VC firm Cairo Angels has made an undisclosed investment in our…
We’re still a carry trade darling
Egypt’s carry trade is set to continue its upward trajectory thanks to our attractive real interest rates and low-risk environment,…
Altus’ Akh Gold could invest USD 200 mn if it strikes gold in Egypt
Altus Strategies could invest as much as USD 200 mn in Egypt if it makes a commercially viable discovery in…
The market on 22 April 2021
The EGX30 fell 0.4% at today’s close on turnover of EGP 923 mn (29.6% below the 90-day average). Foreign investors…
What the markets are doing on 22 April 2021
Abu Dhabi is considering selling a 10% stake in power distributor TAQA as it attempts to attract international investment for…
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