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US imposes tariffs on aluminum imports from Egypt, 17 other nations
Egypt is among 18 countries facing almost USD 2 bn in combined US tariffs on aluminum sheet exports after an…
Unnamed Arab sovereign fund eyes Egypt’s Ismailia for Agricultural Investments in potential EGP 3 bn acquisition
M&A WATCH- An unnamed Arab sovereign wealth fund is looking to acquire 75-100% of Ismailia Agricultural and Industrial Investments for…
Fuel prices to remain unchanged till end of 2020
The government’s fuel pricing committee decided to leave fuel prices unchanged for the remainder of 2020, according to a cabinet…
Egypt’s foreign reserves rise for fourth month running in September
Foreign reserves inched upwards for the fourth consecutive month in September, rising to USD 38.43 bn from USD 38.37 bn…
Egypt: Inflation edges up slightly in September but is still near record low
Inflation edges up slightly in September — but is still near record low: Egypt’s annual urban inflation accelerated to 3.7%…
Egyptian industries’ overall performance dropped 25.4% since the onset of the pandemic
Egyptian industries’ overall performance dropped 25.4% since the onset of the pandemic, with the drop driven primarily by weak domestic…
Digital services provider Milango raises six-figure USD investment
STARTUP WATCH- Digital services provider Milango has raised an undisclosed six-figure USD seed investment in a round led by VC…
Egypt’s Gourmet adopts Norma AI software to optimize delivery, logistics
Gourmet is streamlining its delivery services and restocking logistics with Norma, an AI solution by SoftecTechnologies, the upmarket grocery store…
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