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First Abu Dhabi Bank appoints Moataz Khalil as new CEO
MOVES- First Abu Dhabi Bank (FAB) has appointed Moataz Khalil (LinkedIn) as the CEO, replacing Ahmed Ismail, who has been…
Maridive reports consolidated loss of USD 3.7 mn in 1Q2019
EARNINGS WATCH- Maridive & Oil Services has reported a consolidated net loss of USD 3.77 mn in 1Q2019, compared to…
MENA startups raised USD 471 mn in 1H2019, Egypt second largest recipient
MENA startups have raised USD 471 mn during the first half of the year, surging 66% y-o-y, according to Magnitt’s…
Egypt needs to invest additional USD 30 bn into electrical grid by 2023 -Apicorp
Egypt needs to invest USD 30 bn into electrical grid by 2023 -Apicorp: Egypt needs to invest an additional USD…
EDA gets sharper teeth under newly passed legislation
LEGISLATION WATCH- EDA’s mandate expands under new pharma legislation: The Health Ministry will transfer regulatory powers over the pharma market…
Egypt’s parliament passes amended NGOs Act, Social Security and Pensions Act in final rush before summer
LEGISLATION WATCH- The House of Representatives’ general assembly officially passed the amended NGOs Act yesterday, which will now replace the…
Egypt’s updated investment map includes 2000 new projects
Investment Minister Sahar Nasr unveiled the second phase of her ministry’s investment map yesterday, compiling an interactive directory of 2,000…
Egypt’s Qalaa to invest EGP 400 mn in portfolio company Dina Farms
INVESTMENT WATCH- Qalaa to invest EGP 400 mn in portfolio company Dina Farms: Qalaa Holdings is planning to invest upwards…
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