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Egypt rejoins JPMorgan bond index
Egypt rejoined JPMorgan’s emerging-market bond index following a decade of absence yesterday in a move that could bring new passive…
VC outfit TLcom Capital eyes Egypt. Plus: Aman + Taqa eye fintech
Africa-focused VC firm TLcom Capital plans to enter Egypt with its new fund, which hit a first close of USD…
Central bank to leave rates on hold despite Fed tightening
The Central Bank of Egypt will likely leave interest rates on hold when it meets this Thursday despite forecasts for…
Edita to invest c. EGP 400 mn in 2022 expansion
Edita Food Industries will invest around EGP 400 mn to add new production lines for its baked goods and wafers…
It’s privatization, the speed-metal version
Gov’t to step up privatization efforts in coming months: The Madbouly government is planning to sell stakes in state-owned companies…
Gov’t targets USD 7 bn oil FDI in 2022-2023
The Oil Ministry wants to attract USD 7 bn of foreign direct investment (FDI) into the oil and gas sector…
Global FDI surges 77% in 2021; above pre-pandemic levels
Global FDI rebounds in 2021: Global foreign direct investment eclipsed pre-pandemic levels in 2021, rising 77% to USD 1.65 tn…
Evolve Investment to launch gold-backed investment fund
Evolve Investment Holding plans to launch a gold-backed investment fund that will invest in precious metals, CEO Sameh El Torgoman…
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