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Global FDI jumps 24% in 1H2019, and Egypt remains Africa’s top destination
Egypt is still Africa’s top FDI destination as global flows pick up in 1H2019 -UNCTAD: Global foreign direct investment (FDI)…
Egypt’s GDP grows to 5.6% in 1Q2019-2020
Speaking of growth, Egypt’s GDP grew at a 5.6% clip in 1Q2019-2020, up from 5.3% during the same quarter last…
Egypt still expected to outperform EMs, regional oil importers on GDP, but debt pressure is “acute,” IMF says
Egypt still expected to outperform EMs, regional oil importers on GDP, but debt pressure is “acute,” IMF says: GDP growth…
Swvl co-founder and COO Mahmoud Nouh resigns
MOVES- Swvl co-founder and COO Mahmoud Nouh (LinkedIn) has resigned to “pursue new personal goals,” the company told Menabytes last…
Earnings watch: Juhayna reports 3Q2019 results
EARNINGS WATCH- Juhayna Food Industries’ 3Q2019 profit fell 8% y-o-y to EGP 111 mn, the dairy producer said in its…
Spain’s Glovo eyes 50% share of Egypt’s online delivery market
Glovo wants half of Egypt’s delivery market: Delivery app Glovo plans to more than double its share of Egypt’s online…
Jordanian authorities sign off on Uber-Careem merger
Jordanian authorities sign off on Uber-Careem merger: Jordan’s Industry, Trade, and Supply Minister Tariq Hammouri last week approved Uber’s planned…
Nestlé to invest EGP 600 mn to set up new mineral water factory in Egypt
INVESTMENT WATCH- Nestlé will invest EGP 600 mn in three years to set up a new bottled water factory, and…
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