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Algebra Ventures invests USD 750k in GoodsMart
Online grocery service GoodsMart has raised USD 750k from Algebra Ventures. Disrupt Africa says Algebra Ventures Managing Partner Tarek Assaad…
Speed Round
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Feather Invest acquires a 75% stake in Arafa El Sergani Halawa and Tahini
Who said nobody’s going to invest in consumer plays this year? Private equity outfit Feather Invest has acquired a 75%…
El Garhy Steel Group to build USD 250 mn smelting and rolling plants
USD 250 mn investment in steel industry: El Garhy Steel Group is planning to build two smelting and rolling plants…
Non-oil business conditions deteriorate at slower pace in April
Non-oil private sector companies signaled a deterioration in overall business conditions for the nineteenth consecutive month in April, the Emirates…
Fuel subsidies up 90.2% in the first nine months of FY2016-17
Spending on fuel subsidies increased more than 90% to EGP 78 bn in the first nine months of FY2016-17, compared…
IMF review “going well,” Egypt on track to receive second tranche of USD 12 bn facility -El Garhy
Cabinet’s progress on the economic reforms it promised as a condition of the USD 12 bn IMF bailout is so…
House could vote on Investment Act today after Economic Committee decides to keep private free zones against Finance Ministry’s wishes
After reports of drama yesterday and Tuesday, could today be the day the House finally votes on the Investment Act?…
EEHC head in Saudi Arabia to discuss interconnection
CORRECTION- Egyptian Electricity Holding Company (EEHC) Chairman Gaber El Dessouki is in Riyadh to discuss the interconnection project between Egypt…
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