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EBRD could extend USD 100-200 mn to two Egyptian banks for SME lending
DEBT WATCH- Banks could get another USD 100-200 mn from EBRD to on-lend to SMEs: The European Bank for Reconstruction…
Raya mulls listing Aman on EGX in 2021
IPO WATCH- Raya mulls listing Aman on EGX in 2021: Raya Holding could debut its non-banking financial service business outfit…
Loan loss provisions hit bank profits in1H2020
Egyptian banks’ profits shrank by 20% in 1H2020 to an aggregate EGP 50.05 bn in comparison with EGP 62.49 bn…
Remittances rise 11% in July
Remittances from Egyptians working abroad rose 11% to USD 2.9 bn in July, up from USD 2.6 bn reported in…
EastMed Gas Forum charter signed by founding members
Egypt takes a major step towards its regional energy hub ambitions with the formalization of the EastMed Gas Forum: The…
Elves closes in on “substantial” series A funding ahead of El Gouna move
STARTUP WATCH- AI startup Elves is closing in on “substantial” series A funding as it gears up to move its…
Algebra’s Ziad Mokhtar looks forward to returning to roots as a tech entrepreneur
EXCLUSIVE- MOVES- Ziad Mokhtar, Algebra Ventures’ co-founder and managing partner, is phasing out his involvement in the firm, announcing overnight…
Alex Angels postpones launch of EGP 100 mn fund to November 2020
STARTUP WATCH- Alex Angels is setting up an offshore vehicle to manage its EGP 100 mn startup fund. Alex Angels…
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