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Egypt fastest growing startup market in MENA which raised USD 893 mn in 2018
Is Egypt the fastest growing startup market in MENA? Egypt is the fastest growing startup ecosystem and the second largest…
investment watch
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investment watch
Egypt drafting framework for establishment of Africa investment risk insurance fund
The Investment Ministry has completed a preliminary draft of the framework to establish a risk insurance fund to encourage Egyptians…
Companies looking to invest USD 500 mn in wind power in Egypt
Three unnamed Arab energy companies are looking to invest USD 500 mn to build 400 MW-worth of wind power plants…
Egypt’s FX reserves fall for first time after EGP float
Foreign reserves have fallen for the first time in two years: Egypt’s net foreign reserves fell in December for the…
Egypt’s NUCA allocates land for freezone in New Aswan
The New Urban Communities Authority (NUCA) has allocated a 187-feddan land plot to the New Aswan city authority to develop…
What we’re tracking this week and beyond
An administrative court will hear on Saturday Beltone Financial’s appeal against a six-month suspension handed to its investment banking arm…
MNG to invest EGP 230 mn in Borg El Arab pharmaceuticals factory
MNB Pharmaceutical Company is planning to invest EGP 230 mn in a new meds production facility in Borg El Arab,…
Early phase of Egypt’s USD 2 bn textile complex in Sadat to launch by 2019-end
The first phase of the USD 2 bn Chinese textile industrial complex in Sadat City is set to be completed…
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