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Egypt's GDP growth reached 5.6% in 1H2019-2020
Egypt's economy grew at a 5.6% clip in 1H2019-2020, Planning Minister Hala El Saidtold cabinet yesterday. Retail was the primary…
TMG appoints Emaar Misr’s former development manager as deputy VP
MOVES- TMG hires Emaar Misr’s former development manager as deputy VP: Hazem El Sharkawy (LinkedIn) has been appointed Talaat Moustafa…
Rameda Pharma reports 36% drop in net profits
EARNINGS WATCH- Rameda Pharma’s net profits dropped 36% y-o-y in FY2019 to EGP 82.4 mn, down from EGP 129 mn…
Digified to complete first round financing by end of 2020
STARTUP WATCH- Digified to complete first funding round by end of 2020: Cairo-based fintech startup plans to complete its first…
Bosta secured EGP 40 mn in series A round -sources
STARTUP WATCH- Bosta secured EGP 40 mn in series A round -sources: Cairo-based courier startup Bosta raised more than EGP…
Fawry transfers 64% of its main shareholder stake to indirect shareholders
Fawry transfers majority shareholder stake to indirect shareholders: Egyptian e-payment company Fawry has transferred the ownership of the 63.99% stake…
Egypt’s state privatization program could be out of hibernation in March
PRIVATIZATION WATCH- The government could be resuming the state privatization program as early as next month, Public Enterprises Minister Hisham…
Sawiris in talks with gov’t to possibly tap into gold mining
With amended Mineral Resources exec regs and a new tender on the way, Naguib looks set to get in on…
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