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Logistics (MENA) 
Raafat Hindy named as new interim NTRA head
Hindy will retain his role as deputy CIT minister alongside his new position
Telecom Egypt’s net income rose by 25% y-o-y in 2023. PLUS: Bolt, Danieli, Majid Al Futtaim, Fawry + PayMe, FABMisr, Al Baraka Bank
The company’s revenues were up 28% y-o-y to reach EGP 56.7 bn, which it attributed to higher data services and…
Telecom Egypt and Huawei team up to deploy 5G
The partnership has enabled Huawei to establish 5G sites in “hotspot areas” throughout Egypt
Hong Kong’s InvestHK is setting up its regional HQs here. PLUS: News from Telecom Egypt, Air Arabia, Othaim
INVESTMENT- InvestHK to set up North Africa HQ in Egypt:InvestHK, the Hong Kong government’s company responsible for FDI, has launched…
TMG mulls new project in the North Coast. PLUS: News from Telecom Egypt and the CBE
TMG’s shares rose 10.3% yesterday to close at EGP 37.5
Giza Systems, VAS are getting USD 175 mn from local, Gulf banks + Tanmeyah is in line for USD 10 mn from the EBRD
ADIB led the transaction and its investment banking arm ADI Capital was financial advisor
Savers pour EGP 471 bn into high-yield CDs. PLUS: Mining tender + subsea cable incoming.
Savers have poured some EGP 305 bn in CDs with NBE and EGP 166 bn with BM’s
Telecom Egypt receives the first 5G license in the country
The USD 150-mn license is valid for a 15-year period
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