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Egyptian textiles producer MardiniTex to invest EUR 2 mn next year to up output
Textiles manufacturer MardiniTex is planning to invest EUR 2 mn in mid-2020 to increase its production capacity to 300k meters…
Non-banking financial services set to attract investment and drive growth in Egypt
Beltone sees scope for growth in Egypt, looks to regional expansion: Egypt has become a hub for attracting investment, especially…
Sodic attracts EGP 1 bn in presales for The Estates
Sodic reeled in EGP 1 bn in presales on the first day of the launch of its new compound, “The…
Egypt’s education outfit CIRA inks EUR 25 mn EBRD funding agreement
CIRA closes EUR 25 mn EBRD funding agreement: Cairo for Investment and Real Estate Development (CIRA) signed yesterday an agreement…
EGX30 extends rally after central bank loosens policy
EGX30 extends rally after CBE loosens monetary policy: The benchmark EGX30 index climbed 3.3% at session close yesterday in response…
Acwa Power to submit offers for desalination plants in Egypt “in coming weeks”
Saudi’s Acwa Power is planning to submit in “the coming weeks” an offer to the government to set up water…
Late-week EGX30 rebound has helped to steady share slide
Late-week EGX30 rebound helped stymie share slide: Despite the EGX30 being the second-worst performing equity index of last week, a…
Egyptian e-commerce startup MaxAB raises USD 6.2 mn in seed investment
STARTUP WATCH- Cairo-based e-commerce startup MaxAB has raised USD 6.2 mn in one of the MENA region’s largest-ever seed rounds,…
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