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Raya Holding is back into the green
EARNINGS WATCH- Raya reverses its net loss position in 1Q2021: Raya Holding reported a bottom line of EGP 35.8 mn…
Mozare3 lands seven-figure pre-seed round from Algebra, Distruptech
Agri-fintech startup Mozare3 has raised a seven-figure investment in a pre-series A funding round led by Algebra Ventures and Disruptech,…
UAE’s service marketplace Rizek wants to enter Egypt
UAE-based service marketplace Rizek is planning to expand into Egypt and Saudi Arabia “in the coming months'' after raising USD…
PickAlbatros Hotels secures USD 23 mn loan from Vantage Capital
Egypt-based PickAlbatrosHotels has obtained USD 23 mn worth of mezzanine loan from South African fund manager Vantage Capital, according to…
TONIGHT: Gaza crisis resolution; Blinken ME tour to land in Cairo; RyanAir hijacking causes consternation; SPAC party hits EU; BTC meltdown continues
After a slow morning, we’re getting a flood of stories running the gamut of investment, to Egypt macro trends to…
Sovereign Wealth Funds doubled their investments last year with a focus on domestic economic support
With an eye on local development, sovereign wealth funds nearly doubled their investments in 2020: Sovereign wealth funds’ direct investments…
Fawry sees bottom line surge in 1Q2021
The EGX30 rose 0.75% at today’s close on turnover of EGP 1.29 bn (2.2% above the 90-day average). Foreign investors…
TONIGHT: ADCB extends deadlines for bids on Alex Medical; Ever Given to remain under detention; Electricity privatization could take longer; it’s the last day of Premier League 2020-21
It’s a M&A-heavy start to the news week, with some of the familiar faces announcing timetables for key transactions down…
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