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Egyptian fitness startup ElCoach raises undisclosed USD six-figure seed funding
STARTUP WATCH- Egyptian Fitness startup ElCoach has raised USD six-figure seed funding from investors that include Endure Capital, 500 Startups…
Eni is investing USD 60 mn more in Egypt
INVESTMENT WATCH- Eni is tacking on an additional USD 60 mn for its planned investments in Egypt’s Agiba: Italy’s Eni…
EGX sell-off slows following CBE’s surprise rate cut
EGX sell-off slows following CBE’s surprise rate cut: The benchmark EGX30 index dipped again yesterday, but at a slower pace…
A new kind of sovereign wealth fund is emerging, and Egypt is at the forefront
A new kind of sovereign wealth fund is emerging, and Egypt is at the forefront: Sovereign wealth funds have traditionally…
Foreign direct investment up 16% in 2Q2019-2020 -GAFI
FDI rises by 16% in 2Q2019-2020, says GAFI: Net foreign direct investment (FDI) into Egypt increased by 16% y-o-y during…
What we’re tracking on 11 March 2020
PSA- Schools are off tomorrow, but not because of El Corona: Schools and universities are off nationwide on Thursday after…
EGX enters bear market as covid-19, oil shock batter stocks
EGX is now in a bear market as covid-19 fears and the oil shock batter stocks: The benchmark EGX30 index…
Banque du Caire is on track to debut in April, interest building up for military privatization
PRIVATIZATION WATCH- Banque du Caire is on track to debut in April (for now): The state-owned Banque du Caire (BdC)…
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