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Egypt’s ExpandCart accepted into Betatron
STARTUP WATCH- Egypt’s ExpandCart has been accepted into the fifth cohort of Hong Kong accelerator Betatron, making it the only…
Egypt ranks 93 out of 140 countries on the World Economic Forum’s Global Index
Egypt ranked 93rd out of 140 countries on the World Economic Forum’s 2019 Global Competitiveness Index, rising one place from…
Egypt to implement new minimum wage for civil servants in November
New minimum wage for civil servants coming next month: A decision to raise civil servants’ minimum wage to EGP 2,000…
Egyptian children’s ride hailing app Hive raises USD 400,000 investment
STARTUP WATCH- Hive, a Cairo-based ride-hailing app for children, has secured a USD 400k investment from Abdelmoneim Al Adawy, one…
EFIA to push gov’t to float natural gas price for all industry sectors
EFIA lobbies for new natgas pricing mechanism: The Egyptian Federation of Investors Associations (EFIA) will ask the Finance Ministry to…
Egypt’s USD bonds fall amid anticipation of new issuance
Investors shy away from Egypt’s USD-denominated bonds in anticipation of new issuance: Egypt’s 30-year USD-denominated bonds dropped USD 0.009 to…
Egypt’s HHD receives eight requests for 10% stake purchase, management role
Emaar, SODIC, BPE, ODE interested in HHD management: State-owned Heliopolis Housing and Development’s (HHD) offer of a 10% stake in…
Prime Holding appoints Naglaa Auf VP of strategic planning and management
MOVES- Prime Holding has appointed Naglaa Auf as the company’s VP of strategic planning and management. Auf has more than…
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