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Abdel Hamid Abu Youssef, Ashraf Nessim appointed as ODE interim execs
MOVES- Abdel Hamid Abu Youssef and Ashraf Nessim have been appointed as interim executive officers of Orascom Development Egypt following…
CIB mulls issuing up to EGP 15 bn in financial instruments to fund expansion
CIB could issue up to EGP 15 bn in financial instruments to finance its planned expansion, according to a bourse…
BdC in talks with EIB to on-lend EUR 90 to Egyptian SMEs
Banque du Caire (BdC) is in talks with the European Investment Bank to open a EUR 90 mn credit line…
Galina-Agrofreeze starts building its fourth factory in Egypt, to cost EGP 115 mn
Galina-Agrofreeze has broken ground on its fourth factory in Egypt, which is expected to cost EGP 115 mn and produce…
Online furniture marketplace Homzmart raises USD 1.3 mn in seed round funding
STARTUP WATCH- Online furniture marketplace Homzmart has raised USD 1.3 mn in seed round funding from China’s MSA Capital, the…
Egypt takes its first step toward privatizing some military-owned companies
PRIVATIZATION WATCH- Egypt takes its first step toward privatizing some military-owned companies: The Sovereign Fund of Egypt (SFE) and the…
Last night’s talk shows for Tuesday 4 February 2020
The talking heads took a break yesterday from regional politics, and shifted gears to business and econ. On the agenda:…
What we’re tracking on 4 February 2020
It’s data day: The purchasing managers’ indexes for Egypt, Saudi Arabia and the UAE are out today at 6:15am CLT…
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