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Oil Ministry readies Red Sea exploration tender following exits. PLUS: EFG Foundation, Sodic, Modern Sport FC
The ministry will also offer bidding companies incentives to encourage the exploration and drilling of unexplored areas
Lorax Capital Partners-led consortium acquires AfricInvest’s entire MDP stake. PLUS: Genesis opens first Egypt showroom, Fawry partners with Forsa
Lorax’s acquisition bid was backed by the EBRD, International Finance Corporation, and the French Development Agency’s Proparco
Thndr joins the ADX as its first remote retail trading member. PLUS: Flat6Labs + F6 Ventures + F6 Group, Start IT, B Healthcare Investments, Elamir Group, Al Ahly Sabbour, Marakez
The move will allow more than 4 mn users on Thndr to trade ADX-listed stocks and ETFs directly via its…
Infinity Power to set up two solar projects in the Ivoirian market
PLUS- Middle East Glass Manufacturing’s board approved the merging of three of its subsidiaries into the company
Foreign reserves increase to USD 49 bn in July
PLUS- McDonald's is planning to invest EGP 1 bn in the local market by the end of 2026
El Sisi signs amendments to the Old Rent Law
PLUS- Income is setting up a EUR 90 mn complex to process kaolin sand
Gov’t allocates EGP 6 bn for first phase of Libya-Chad connection
PLUS- Mountain View secures EGP 6.2 bn loan
Where the EGP 100 bn subsidized loan program for hospitality players?
PLUS- Ashry Steel submitted a bid for 100% of cement producer Building Materials industry Company
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