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EBRD to extend USD 100 mn for covid-impacted SMEs in Egypt
DEBT WATCH- EBRD to extend USD 100 mn for covid-hit SMEs through Banque Misr: The European Bank for Reconstruction and…
Gov’t mulls granting citizenship in exchange for increasing working capital
Foreigners could be granted the Egyptian citizenship if they invest more working capital into their Egypt-based companies if a proposal…
Is Amazon planning a P2P delivery program for Egypt?
Is Amazon planning a P2P delivery program for Egypt? E-commerce giant Amazon could launch a program to use private cars…
Blom Bank confirms potential Egypt exit
M&A WATCH- Blom Bank confirms potential Egypt exit as Lebanon falls into deeper economic crisis: Lebanon’s Blom Bank confirmedyesterday that…
Emirates NBD eyes purchase of Blom Bank’s Egypt assets
M&A WATCH- Emirates NBD is considering purchasing Blom Bank’s Egypt assets, HapiJournal reports, citing unnamed sources familiar with the matter.…
Tensions rise in the EastMed as Turkey plows ahead with gas survey
Tensions rise in the EastMed as Turkey plows ahead with gas survey: Turkey dispatched a vessel to conduct a seismic…
Egypt’s Tax Authority is rolling 2.5k companies into its e-filing system in 1Q2021
Second phase of Tax Authority’s e-filing rollout to take place in 1Q2021: More than 2.5k companies will be required to…
Egyptian fintech firm Paymob raises USD 3.5 mn investment
STARTUP WATCH- Local fintech startup Paymob has raised USD 3.5 mn in an investment round led by Global Ventures and…
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