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Careem taps into food delivery services with investment in Elmenus
Uber subsidiary Careem is making an investment in homegrown Egyptian food ordering platform Elmenus, the Dubai-based company said in a…
THIS EVENING: Careem to invest in Elmenus + Talks between Russian and Ukrainian officials are currently underway
Good afternoon, wonderful people. We have another issue stacked with updates from Ukraine today, as well as a few pieces…
Egypt launches new World Bank-backed USD 50 mn VC fund
MSMEDA partners with World Bank to launch USD 50 mn VC fund: The Micro, Small and Medium Enterprise Development Agency…
Closer trade ties with Hungary + We’ve registered our opposition to GERD with the UN Security Council (again)
A boost to Egyptian-Hungarian trade + investment relations: Egypt and Hungary will form a joint committee to encourage trade and…
A Siemens + Desert Technologies JV will invest USD 25 mn in solar energy projects, acquisitions in Egypt
Siemens-backed JV to invest USD 25 mn in Egypt’s solar infrastructure: Capton Energy — a newly established joint venture between…
Elevate PE to establish cancer treatment facility in Cairo
Elevate Private Equity (Linkedin) is investing at least EGP 500 mn to establish a dedicated cancer treatment facility in Egypt,…
Cement production quotas bring Spegyco back from zombie status
Saad El Din Group has restarted operations at the Spanish Egyptian Cement factory (Spegyco) after a three-year hiatus, the group’s…
THIS MORNING: Welcome back to the Hyatt + a not-so-warm welcome to Truth Social
Good morning, friends, and welcome to a Monday on the move. We come bearing a truck / train / planeload…
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