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EIPICO to set up pharma factory for EGP 1 bn
ACDIMA subsidiary the Egyptian International Pharma. Industries Company (EIPICO) is planning to set up a biosimilar production facility at a…
Algebra ventures co-leads USD 800k seed funding round for Brimore
Our friends at Algebra Ventures have co-led a USD 800k seed round for direct-selling company Brimore in partnership with Endure…
Egypt’s balance of payments enters deficit in 1H2018-19, current account deficit widens to USD 3.8 bn
Tourism is up, but FDI is down: Egypt’s balance of payments swung to a USD 1.77 bn deficit in 1H2018-19…
Sawiris looks to acquire license for SME-focused bank in Egypt
Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt…
Different themes occupy the nation’s talking heads yesterday
No particular theme dominated last night’s talk shows. Among the handful of business-relevant stories: Egypt’s balance of payments report carried…
Teda to invest USD 320 mn in Suez Canal development projects
The Teda Investment company has signed agreements with a consortium of eight other investment firms to offer USD 320 mn…
What we’re tracking on 1 April 2019.
No April Fools here: It’s the first day of April, starting the clock on 1Q19 earnings season. The resident 11-year-old…
MENA fund managers are bullish on Egypt, Dubai
MENA fund managers are bullish on Egypt, Dubai: Around half of Middle East fund managers say they are looking to…
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