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Disruptech to invest USD 5 mn in fintech startups this year
STARTUP WATCH- Disruptech plans to invest USD 5 mn in fintech startups this year, founder Mohamed Okasha tells Al Mal.…
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Central Bank of Egypt to finance purchase of 100k POS machines this year
CBE finances purchase of 100k POS machines: The Central Bank of Egypt (CBE) said it will finance banks’ purchase and…
Israel’s Leviathan gas field back online after temporary closure last week
Israel’s Leviathan gas field back online after temporary closure last week: Israel’s offshore Leviathan natural gas field which supplies Egypt…
Samsung is planning to invest USD 84 mn in Egypt over the next five years
INVESTMENT WATCH- Samsung is planning to invest USD 84 mn in Egypt over the next five years, including USD 23…
Suez Canal Bank completes USD 30.6 mn stake sale of Midor
M&A WATCH- The Suez Canal Bank has completed the sale of its USD 30.6 mn stake in the Middle East…
Egypt’s tourism industry could suffer losses of 75-100% in 2020
Under a best-case scenario with the ongoing pandemic, Egypt’s tourism industry is expected to lose out on c.73% of its…
Egypt’s gov’t could move to regulate covid-19 treatment prices at private hospitals
Hospitals, including private-sector operators, will face price controls when treating covid-19 patients. The controls will apply to both medical treatment…
Sherif Farouk selected as president of Egypt’s National Postal Authority
MOVES- Nasser Social Bank Vice Chairman Sherif Farouk (LinkedIn) has been tapped as the new president of the National Postal…
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