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Egypt to launch new “comprehensive system” to support day laborers
The government will roll out a “comprehensive system” to support seasonal and day laborers by the end of the year…
Commodity exchange structure is still debatable – sources
The private sector will get a piece of the new futures exchange even as gov’t agencies scramble for their share:…
DigiFi Network raises pre-seed funding from Toronto based Loyal VC
STARTUP WATCH- DigiFi Network raises pre-seed funding from Toronto based Loyal VC: Egyptian data-for-Wifi startup DigiFi Network has raised an…
Hutchison Ports signs USD 730 mn agreement with navy to construct Abu Qir container terminal
INVESTMENT WATCH- Hutchison Ports has signed a USD 730 mn agreement with the Egyptian Navy to build and operate a…
Raya’s BariQ receives FRA approval for a EUR 40 mn green bond offering
DEBT WATCH- BariQ, Raya’s recycling unit, receives FRA approval for a EUR 40 mn green bond offering: The Financial Regulatory…
Auto sales up 14% y-o-y in July
Auto sales rebound in July: Auto sales showed signs of recovery in July from a downturn in the second quarter…
EFG Hermes, GB Capital close acquisition of majority stake in Tokio Marine’s Egypt arm
M&A WATCH- EFG Hermes and GB Capital have closed their acquisition of 75% of Tokio Marine Egypt Family Takaful, the…
Egypt’s reliance on tourism weighs on economic vulnerability -report
Egypt’s economy faces “intermediate risk” from covid because of its reliance on tourism, the European Investment Bank (EIB) said in…
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