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LuLu plots UAE IPO next year
Middle East supermarket giant Lulu Group International could IPO in the UAE next year, Bloomberg reports, citing people familiar with…
CDs see EGP 260 bn in inflows in a week
More than a quarter of a tn EGP now invested in CDs: More than EGP 260 bn has been poured…
Catalyst Partners launches EGP 1 bn SME-focused fund, expects first close in April
Catalyst Private Equity has launched a EGP 1 bn impact investment fund that will target Egyptian SMEs, it announced in…
Careem taps into food delivery services with investment in Elmenus
Uber subsidiary Careem is making an investment in homegrown Egyptian food ordering platform Elmenus, the Dubai-based company said in a…
Our very own net-zero target for COP27? Plus: Remittances up again.
Egypt could announce its first net-zero target during COP27: Egyptian authorities may announce a net-zero carbon emissions target at November’s…
Space tourism is here, but the price tag is hefty + Crypto is slowly integrating itself into the regulated derivatives market
Space tourism is here for the general (but rich) public: Virgin Galactic has reopened online registration for its first commercial…
Business activity contracts at a faster pace in January
Non-oil business activity in Egypt contracted for the fourteenth consecutive month in January on the back of weaker demand and…
GMG to open 100+ branches in Egypt by 2026
UAE-based retailer GMG plans to open over 100 sports retail stores in Egypt by 2026, it said in a statement…
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