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Maersk blasts new customs act, arguing it violates international shipping agreements
Does the new Customs Act contravene int’l trade + shipping agreements? Maersk seems to think so. The shipping line’s Egypt…
Saudi Arabian retail management platform Foodics expands operations to Egypt
STARTUP WATCH- Saudi Arabia-based retail management platform Foodics has set up shop in Egypt as part of the company’s regional…
Sodic subsidiary signs EGP 2.57 bn medium term facility with AAIB
DEBT WATCH- Sodic subsidiary signs EGP 2.57 bn medium term facility with AAIB: Sodic subsidiary Soreal Real Estate Development signed…
IFC selling its stake in AUB Egypt?
M&A WATCH- Is IFC selling its stake in AUB Egypt? The International Finance Corporation (IFC) is reportedly selling its 10%…
Alta Semper raises stake in Macro Holding to 80%
M&A WATCH- Alta Semper ups stake in Macro Holding to 80%: Private equity outfit AltaSemper Capital has raised its stake…
Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations
LEGISLATION WATCH- Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations: The Financial Regulatory Authority (FRA)…
Fawry receives CBE approval for bank transfer service
Fawry gets CBE nod to partner with state-owned bank for transfer service: E-payments platform Fawry has received preliminary approval from…
Egypt’s exempts Cairo Opera House from July-September entertainment tax
CABINET WATCH- Cabinet grants Cairo Opera House an entertainment tax exemption as venues reopen: The Madbouly Cabinet has approved a…
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