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El Guindy tapped as Egypt’s assistant ICT minister for strategy, implementation
MOVES- CIT Minister Amr Talaat has appointed Sherine El Guindy (bio) as assistant minister for strategy and implementation, according to…
GSK reports 291% increase in net profits in FY2019
EARNINGS WATCH- GSK profits soar 291% in FY 2019: GlaxoSmithKline’s local subsidiary reported profits of EGP 142.63 mn in FY2019,…
EFG Hermes tops EGX brokerage league table in April
EFG Hermes topped the EGX’s brokerage league table in April with a market share of 28.7%, according to Al Mal.…
Ten army casualties in bombing claimed by Daesh; army retaliates
Twenty terrorists killed in retaliatory raids after 10 troops die in Bir El Abd bombing: Security forces killed 20 terrorists…
Egypt ranks 61 out of 117 countries in budget transparency survey
Egypt ranked 61 out of 117 countries in the International Budget Partnership’s Open Budget Survey, which ranks countries for the…
Egyptian fintech fund Disruptech planning to invest 15-18 startups over 3 years
STARTUP WATCH- Fintech fund Disruptech plans to invest an unspecified amount in 15-18 startups over the next three years, founder…
Egypt-based blockchain email service provider Pravica raises USD 500k pre-seed funding round
STARTUP WATCH- Egypt-based blockchain email service provider Pravica has raised a USD 500k pre-seed funding round led by 500 Startups,…
Six foreign and Egyptian investors want a stake of Raya’s BariQ
M&A WATCH- At least six foreign and Egyptian investors have shown interest in acquiring a stake in Raya Holding's recycled…
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