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Raseedi eyes seven-figure investment in newly acquired nanocredit outfit Kashat. PLUS: Apache, Madinet Masr, Bank ABC + Eroglu Garment, Goldman Sachs
Raseedi is negotiating with a VC firm and three banks for EGP 3 bn in financing over three years
Organi Group eyes USD 1 bn in auto, tourism investments over the next five years
The big-ticket investment figure will be split evenly between the two sectors
Fractional real estate investment framework incoming?
Good morning, friends. Business news is very much taking a backseat this morning, with unbelievably welcome news that Israel's relentless…
Investment Minister Hassan El Khatib appoints four new assistants
The appointments are part of the ministry’s efforts toward “improving the investment climate”
We’re getting a revamped Companies Act that GAFI says will be ‘in line’ with changing investment climate
The law outlines the regulatory framework for the incorporation, management, and dissolution of companies in Egypt
BP completes drilling of two new wells at its Raven natural gas field. PLUS: Eni, Steigenberger + Marriot
The firm invested some USD 400 mn on the drilling operations
Acwa reaches financial close on USD 1.2 bn Gulf of Suez project
The funding includes a USD 275 mn loan from EBRD
Spanish Konecta announces USD 100 mn Egypt expansion plans
Konecta will set up a regional HQ in New Cairo
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