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Raya Auto to set up USD 50 mn EV assembly plant next year
PLUS- Emirates Airlines has inaugurated its Emirates World store in Cairo
Revised Labor Act to soon head to the House
PLUS: Cabinet approved a proposed mechanism to settle overdue payments owed under the export subsidy program
Sakneen raises USD 1.1 mn in seed funding round
Egyptian real estate marketplace Sakneen has raised USD 1.1 mn in an oversubscribed seed funding round led by Algebra Ventures,…
Foundation Ventures launches new Egypt fund backing four local startups
STARTUP WATCH- VC firm Foundation Ventures has launched its inaugural Egypt-focused fund with an initial portfolio of four companies, Enterprise…
Payroll management startup NowPay raises USD 2.1 mn in seed funding
STARTUP WATCH- Payroll management startup NowPay has raised USD 2.1 mn in seed funding from a group of Egyptian, US,…