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Egyptian e-commerce startup MaxAB raises USD 6.2 mn in seed investment
STARTUP WATCH- Cairo-based e-commerce startup MaxAB has raised USD 6.2 mn in one of the MENA region’s largest-ever seed rounds,…
Fortune 500 company Prudential Financial to invest in Egypt’s Sarwa Insurance
INVESTMENT WATCH- Prudential Financial to invest in Sarwa Insurance: Fortune 500 insurance firm Prudential Financial’s impact investing arm has inked…
Egypt’s benchmark EGX30 index rises 3.2% after eight-day slide
EGX30 rises 3.2% after eight-day slide: The Egyptian Exchange rebounded yesterday, bringing a dose of much-needed positivity to a week…
Orascom Investment records net losses of EGP 153.4 mn in 1H2019
EARNINGS WATCH- Orascom Investment Holding (OIH) recorded net losses of EGP 153.3 mn in 1H2019, compared to losses of EGP…
El Sisi calls for glonbal community to take “constructive” role in GERD deadlock, says Sudan should be removed from terrorism blacklist
El Sisi’s General Assembly address calls on int’l community to take “constructive” role in resolving GERD gridlock: President Abdel Fattah…
OPIC commits USD 10mn to LimeVest
INVESTMENT WATCH- OPIC commits USD 10 mn to LimeVest: The Overseas Private Investment Corporation (OPIC), the US government’s development finance…
Schneider Electric looking to buy Egyptian tech companies
M&A WATCH- Schneider Electric is mulling the acquisition of a number of Egyptian tech companies,Middle East and Africa President Caspar…
EGX share slide continues, wiping out 2019 gains
EGX share slide continues, nearly wiping out 2019 gains: The sell-off on the EGX accelerated yesterday, as investor concern about…
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