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Infrastructure 
OC, Engie, Toyota Tsusho consortium reaches financial close on USD 400 mn wind farm
A consortium of Orascom Construction, Engie, and Toyota Tsusho Corporation has reached financial close on a USD 400 mn 250…
MNHD obtains approvals to convert 30% of share capital into GDRs
MNHD obtains approvals to convert 30% of share capital into GDRs: Madinet Nasr for Housing & Development (MNHD) has obtained…
India’s Lava Mobiles eyeing establishing factory in Egypt by 2019
INVESTMENT WATCH- Indian smartphone manufacturer Lava Mobiles is looking into establishing a mobile phone factory in Egypt in 2019, Senior…
Al Tayyar Travel Group to expand in Egypt in early 2018
INVESTMENT WATCH- Saudi Arabia’s Al Tayyar Travel Group is planning to expand into Egypt in early 2018, its CEO Abdullah…
SODIC East sales hit EGP 1.8 bn -Sherif
SODIC has recorded EGP 1.8 bn in contracted sales at its Sodic East project, CEO Magued Sherif told Al Mal.…
Arab Contractors to list 40% of investment arm in 4Q2018
IPO WATCH- Arab Contractors plans to list around 40% of its investment arm Arab Contractors for Investments on the EGX…
Uber, Careem increase investment in Egypt
Uber, Careem, and other ride-hailing apps are increasing their investment in Egypt and providing innovative solutions to beat Cairo’s traffic,…
EFG launches payment-on-installment solution
Our friends at EFG Hermes have vaulted into the fintech space with a consumer finance solution. The firm’s ValU brand…
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